TAB’s land with planning loans are loans that are often used to purchase or refinance the land that has planning permission to build or develop both residential and commercial properties. TAB lends directly to borrowers and through intermediaries. We offer loans up to 60% of the gross development valuation of your project, including the cost of borrowing. There are no exit fees and no early repayment fees either.
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.
Other charges may apply
Following an initial enquiry, borrowers apply for a loan through our application process.
Our team undertakes their due diligence and underwriting process on the borrower and the security property. Terms are then agreed.
The loan is then matched with investors on the TAB platform. Funds are typically available within just 14 days.
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.
A land with planning bridging loan is a type of short term finance used to purchase or even refinance land that has planning permission to build or develop residential or commercial properties.
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 going straight to development funding. The LTV was 59% and the exit is via development finance.
With land with planning bridging loans, we offer loans up to 60% of the gross development value (GDV) of your project, including the cost of borrowing. There are no exit fees and no early repayment fees either and we offer terms from 1.00% interest per month for a maximum 24 months.
There are many reasons why someone might choose to take land with planning bridging finance. Common uses can include completing the purchase of a piece of land quickly, for capital raising and even to fund planning applications where the land will ultimately be developed.