Property development finance

Get access to the capital you need to finance the construction, conversion and refurbishment of your property projects.

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TAB. Trust. Transparency.

1. Efficient and flexible service

2. Terms from one to 24 months

3. Day one LTV up to 70%

4. LTGDV up to 65% 

5. We can lend up to 100% development costs

6. Over 50 years of lending experience

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What is property development finance?

TAB’s property development finance is a short-term funding solution for up to 24 months for projects based in London and the home counties. TAB property development loans are designed to unlock capital to assist with ground-up developments, conversions, heavy and light refurbishments and finish and exit property projects.

TAB lends directly to borrowers and through intermediaries. We offer loans up to 65% of the gross development value of your project, including the cost of borrowing. The maximum loan to cost can be up to 100% for the appropriate project. Our experience means we can be flexible with our valuations and consider projects that more traditional lenders would not. We pride ourselves on trust and transparency.

TAB loans are unregulated. Any property used as security is at risk of repossession if you do not keep up with your payments.

Development funding product details

Tracker interest rate:
from 8.50% pa over BoE base
Minimum loan:
£250,000
Maximum loan:
£7,500,000
LTGDV:
up to 65%
Term:
maximum 24 months
Exit fee:
1.00%

Other charges may apply

Frequently asked questions

Property development finance is a short term loan for residential or commercial property developments, such as ground up construction projects or refurbishment projects, typically based on the future value of the development when completed - gross development value (GDV).

You might opt to use property development finance over a bank loan as the larger banks are constrained to box-ticking when it comes to lending and it can be extremely difficult to source development finance. Property development finance is a bespoke product and has specialist teams working behind the scenes to understand all of the risks and parameters that need to be considered when lending. It’s essential for lenders to have complete oversight of the project and often these high street banks do not have the time, nor expertise to understand financing property development and the nuances between projects.

Both are forms of alternative finance, but it is better to look at development finance and bridging finance separately. Residential Bridging loans are commonly used to ‘bridge’ a gap, such as purchasing a property when the previous hadn’t sold. You can release the equity on your current property, allowing you the finance to secure another. So, where bridging finance is used to purchase a property, development finance is better suited to adding value to the property, whether that’s building from scratch, renovating or carrying out a change of use.

Acton, London: The client required development loan of £457,357 of an overall facility of £950,000 to develop an existing 1930’s purpose built block of flats which is arranged over ground and two upper floors by adding an extra floor. TAB provided the loan at a 43.78% LTGDV for 14 months.

For more information you can view our full list of frequently asked questions here.

How it works

borrower step 1
Borrower applies
Following an initial enquiry, borrowers apply for a loan through our application process.
borrower step 2
Decision made
Our team undertakes their due diligence and underwriting process on the borrower, the security property and the project. Terms are then agreed.
borrower step 3
Perfect match

The loan is then matched with investors on the TAB platform. Funds are typically available within just 14 days

We want to make sure you have the right support for you. Whether it's a current deal, an enquiry or your investor account. You can speak to one of our team members from Monday to Friday 9am to 5:30pm

Secure your property development finance with us today

Enquire below to find out more about TAB's property development funding.


Broker / borrower enquiries

General enquiries


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Case studies

2498 - Acton, London - Acton airspace development case study
2498 - Acton, London - Acton airspace development case study
TAB has funded £437,537 of an overall facility of £950,000 for a term of 14 months at a LTGDV of 43.78%. Funds will be used in the construction of four new build flats. ..
1261 - Digbeth, Birmingham
1261 - Digbeth, Birmingham
The client required £2,480,000 first charge land with planning loan for 12 months. The property is a site with planning permission which they were able to purchase below value due to a distressed sale. Due to the sensitive time scales the client required a bridge loan to purchase rather than... ..
1280 - Kingston upon Thames, London
1280 - Kingston upon Thames, London
The client required a first charge development loan of £685,000 in tranches to develop of two, four-bedroom houses. The development had already started and TAB advanced the initial funds to clear the original property purchase debt and fund the next stage of construction. TAB provided the loan at a 51%... ..

Our team

TAB knows the value of keeping things simple and transparent for everyone. Whatever the size or scope of your plans, our expert team of underwriters, business development managers, and an in-house legal team are here to help with your requirements. Book a meeting with one of our team today.

 

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