Ilfracombe, Devon

Commercial Mortgages & Property Finance in Ilfracombe

Ilfracombe is a Victorian resort town on North Devon's dramatic coast, crowned by Damien Hirst's 'Verity' statue overlooking the harbour. The town has a faded grandeur that is being gradually restored, with strong seasonal tourism and a growing arts scene. Tunnels Beaches, the tiny harbour, and the South West Coast Path attract visitors, while property values remain relatively affordable.

Ilfracombe Town CentreIlfracombe HarbourDamien Hirst VerityTunnels BeachesHele
£160
Avg Price/sq ft
6.2%
Average Yield
+19%
5yr Price Growth
+14.5%
5yr Rental Growth

Ilfracombe Local Market Intelligence

Damien Hirst's Verity sculpture. Tunnels Beaches. Strong arts and tourism.

— CMB Market Analysis

Key Industries

  • Tourism & Hospitality
  • Arts & Culture
  • Fishing
  • Retail
  • Healthcare

Transport Links

  • A361 to Barnstaple (13 miles)/M5
  • A399 to Combe Martin/Lynton
  • Ilfracombe Harbour
  • No direct rail (bus links to Barnstaple)

Regeneration

Ilfracombe harbour and Larkstone area improvements; Landmark Theatre investment; Wildersmouth Beach enhancement; town centre shopfront scheme; South West Coast Path infrastructure

Commercial Mortgages in Ilfracombe

Whether you're acquiring office space, retail units, or industrial property in Ilfracombe, our commercial mortgage solutions provide long-term financing tailored to your investment strategy. We work with high street banks and specialist lenders to secure competitive rates across Devon, with terms from 3 to 25 years and up to 75% LTV.

Our ex-banker team understands the Ilfracombe commercial property market and has direct relationships with lender credit committees, meaning faster decisions and better terms for your deal.

  • Owner-occupied and investment commercial mortgages
  • Terms from 3 to 25 years with competitive fixed and variable rates
  • Up to 75% LTV on commercial property
  • Portfolio and multi-asset lending available

Commercial Mortgage Key Facts

Loan Size£50k - £25m+
Max LTV75%
Term3 - 25 years
Decision48 hours

Commercial Bridging Finance in Ilfracombe

When speed matters for your Ilfracombe property transaction, commercial bridging finance provides short-term funding to bridge the gap. Whether you're securing a time-sensitive acquisition, funding an auction purchase, or refinancing before a long-term facility is in place, we can arrange bridging loans from completion in as little as 7 days.

With access to specialist bridging lenders across Devon, we structure deals that match your exit strategy and keep costs to a minimum.

  • Completion possible in 7-14 days for urgent transactions
  • Rates from 0.55% per month with no exit fees available
  • Up to 75% LTV on commercial and semi-commercial property
  • Auction finance, chain-break funding, and refurbishment bridges

Bridging Finance Key Facts

Loan Size£25k - £25m+
Max LTV75%
Term1 - 24 months
Speed7-14 days

Development Finance in Ilfracombe

For developers building in Ilfracombe, our development finance solutions fund ground-up construction, conversions, and major refurbishment projects. We arrange staged drawdown facilities aligned to your build programme, ensuring capital is available at each construction milestone.

From site acquisition to practical completion, we structure development loans that maximise your returns across Devon. Our team assesses GDV, build costs, and local market conditions to present the strongest case to lenders.

  • Staged drawdowns aligned to construction milestones
  • Up to 90% of build costs and 70% of land value
  • Ground-up, conversion, and heavy refurbishment projects
  • Day-one land funding available for experienced developers

Development Finance Key Facts

Loan Size£150k - £50m+
Build CostUp to 90%
Term6 - 24 months
Land ValueUp to 70%

Your Local Expert

Matt Lenzie

Founder & Principal Broker

  • Ex-Lloyds Bank and Bank of Scotland
  • Board advisor to pension trustee with £3.9bn AUA
  • Direct lender relationships across Devon

Why Ilfracombe for Commercial Property Investment

Lender Appetite

Good appetite for tourism and art.

Latest Commercial Property News in Ilfracombe

Commercial property news for Ilfracombe will appear here once available. Check back soon for the latest market updates.

Calculate Your Ilfracombe Property Finance

Use our interactive calculators to estimate costs for commercial mortgages, bridging finance, and development loans.