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Magnet Capital Review

Figures last checked . Independent review by Lendus — we are an introducer, not a lender, and are not paid by Magnet Capital.

What does Magnet Capital offer UK businesses?

Magnet Capital does not offer a direct lending product. No standard rate range is published. Figures checked 23 August 2026 and indicative only.

Magnet Capital is a UK specialist development finance lender founded in 2018 and headquartered in Mill Hill, London. The company provides ground-up development finance, light refurbishment finance, heavy refurbishment finance, and conversion development finance to property developers and their brokers. Magnet Capital positions itself around relationship-led, hands-on lending rather than a standardised process, and states that first-time developers can be considered where a project is well-structured. The company is a member of the Bridging & Development Lenders Association (BDLA) and says it was voted Best Service Provider by Business Moneyfacts for three years running.

Written by the Lendus editorial team. Last updated: April 2026.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Amount

£500k – £4M

Rates

N/A – N/A

No standard rate range is published; interest is typically calculated on a rolled-up basis (with an option to service monthly) and pricing is assessed per project and confirmed on application.

Speed

Decision in principle often within minutes of receiving key project information; stage payments released within 48 hours of a site inspection; typical timeline from sign-up to completion is 6 to 10 weeks

What is Magnet Capital?

Magnet Capital (Magnet Capital Limited) is a UK-based business finance provider founded in 2018 and headquartered in Mill Hill, London. Magnet Capital is a UK specialist development finance lender founded in 2018 and headquartered in Mill Hill, London. The company provides ground-up development finance, light refurbishment finance, heavy refurbishment finance, and conversion development finance to property developers and their brokers. Magnet Capital positions itself around relationship-led, hands-on lending rather than a standardised process, and states that first-time developers can be considered where a project is well-structured. The company is a member of the Bridging & Development Lenders Association (BDLA) and says it was voted Best Service Provider by Business Moneyfacts for three years running. , helping 150+ UK businesses.

Founded 2018 Mill Hill, London Magnet Capital Limited states on its own website that it is authorised and regulated by the Financial Conduct Authority under firm reference number 827220. The same site describes its ground-up development and refurbishment finance products as unregulated development finance for business-purpose property development projects, which is standard for commercial development lending in the UK; the company is also a member of the Bridging & Development Lenders Association (BDLA).

Where these details come from

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Products offered

Development Finance

Rates and costs

Rate range
N/A – N/A (No standard rate range is published; interest is typically calculated on a rolled-up basis (with an option to service monthly) and pricing is assessed per project and confirmed on application.)
Amount range
£500,000 – £4,000,000
Approval speed
Decision in principle often within minutes of receiving key project information; stage payments released within 48 hours of a site inspection; typical timeline from sign-up to completion is 6 to 10 weeks

Eligibility requirements

Minimum trading history
No minimum trading history stated; Magnet Capital says first-time developers can secure funding if the project itself is well-structured
Minimum turnover
None published; lending is assessed against the development project and the borrower's plan rather than company turnover
Credit requirements
Not explicitly published. Magnet Capital assesses applications on the strength and structure of the development project rather than a fixed credit-scoring model. Its products are unregulated business-purpose development finance for property developers and brokers, not regulated consumer credit.

How to apply

1

Check eligibility through Lendus, answer a few questions about your business and funding needs (2 minutes)

2

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3

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4

Choose the best offer and complete the application with your matched lender directly

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Pros and cons

Pros

  • Loan-to-GDV up to 65% and loan-to-cost up to 90% on ground-up development finance
  • Decision in principle often available within minutes of receiving key project information
  • First-time developers considered where the project is well-structured
  • Member of the Bridging & Development Lenders Association (BDLA)
  • States it was voted Best Service Provider by Business Moneyfacts for three consecutive years

Cons

  • Minimum loan size of £500,000 rules out smaller development projects
  • No interest rates published; pricing is only available on application
  • Development finance only, with no bridging, commercial mortgage, or working-capital products
  • Unregulated business-purpose lending only; not an option for regulated bridging secured on a residence

Is Magnet Capital right for you?

Best for

Property developers needing £500,000 to £4 million of ground-up development, refurbishment, or conversion finance, including first-time developers with a well-structured project

Not ideal for

Businesses needing bridging finance secured on a residence, working capital, asset finance, or developers needing funding below £500,000 or above £4 million

Magnet Capital alternatives

If Magnet Capital isn't the right fit, consider these alternatives:

LendInvest Close Brothers CrowdProperty Octopus Real Estate

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Frequently asked questions about Magnet Capital

Is Magnet Capital legit?
Yes. Magnet Capital Limited is an active UK company (Companies House number 11172633, incorporated January 2018) based in Mill Hill, London. The company states on its own site that it is authorised and regulated by the Financial Conduct Authority under firm reference number 827220, and it is a member of the Bridging & Development Lenders Association (BDLA). You can verify the company registration at Companies House and should check the FCA register directly for the firm's current permissions before proceeding.
What loan amounts does Magnet Capital offer?
Magnet Capital lends from £500,000 to £4 million across its ground-up development, light refurbishment, heavy refurbishment, and conversion development finance products. Loan-to-GDV runs up to 65%, loan-to-cost up to 90%, and loan-to-value up to 70%, depending on the product and project.
What are Magnet Capital's interest rates?
Magnet Capital does not publish a standard interest rate range on its website. Interest on development finance is typically calculated on a rolled-up basis, though borrowers may be able to service interest monthly depending on the facility. Exact pricing, along with arrangement and exit fees, is assessed per project and provided on application.
Is Magnet Capital FCA regulated?
Magnet Capital Limited states it is authorised and regulated by the Financial Conduct Authority under firm reference number 827220. However, the company describes its development finance products specifically as unregulated development finance for business-purpose property projects, which is normal for commercial development lending in the UK; regulated bridging or mortgage rules generally only apply where a loan is secured against the borrower's own residence.
How quickly does Magnet Capital make a decision?
Magnet Capital says it can often provide a decision in principle within minutes once it has the key project information, with stage payments released within 48 hours of a site inspection. The company states that a typical development finance deal takes around 6 to 10 weeks from sign-up to completion.
Can a first-time developer get funding from Magnet Capital?
Magnet Capital says it considers each application on its own merits and that first-time developers can often secure funding if the project itself is well-structured, rather than requiring a lengthy trading history.
What products does Magnet Capital offer?
Magnet Capital offers four development finance products: ground-up development finance, light refurbishment finance, heavy refurbishment finance, and conversion development finance. It does not offer bridging loans, commercial mortgages, asset finance, or other business funding types.
Magnet Capital vs LendInvest, which is better for development finance?
Both are specialist development finance lenders, but LendInvest is a much larger, more established platform with a wider product range including bridging and buy-to-let, while Magnet Capital is a smaller, relationship-led lender focused solely on development finance from £500,000 to £4 million. Magnet Capital may suit developers who want direct, hands-on contact with a smaller team, while LendInvest may suit those wanting a wider range of loan sizes and products. Compare both through Lendus alongside other development finance lenders.

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