Typically used in Development Finance to document a potential Borrower’s portfolio of previous projects. There are no definitive rules on how much experience is needed; essentially the more relevant experience you have the more lending options you will have open to you. As a rough rule of thumb we would suggest that most lenders are expecting a minimum of 3 similar projects. Whilst previous schemes will not be exactly the same, they need to be relevant. If you have completed 1x flat refurbishment, and 2x minor extensions on houses, and then want finance to build 80 flats from scratch, no lender is going to judge that as relevant Development Experience. For a guide on how to document that experience, please click here.
