19
New development charges, 12 months to September 2026 (-51.3%)
Development exit report · Q3 2026
Reading Development Exit Report, Q3 2026
Who is lending to developers in Reading, how many schemes are exiting their development loans, and how quickly new homes are selling. Built from Companies House charges, Land Registry sales and council planning data.
13
Development loans filed as repaid, same 12 months
64.1%
Live development book over 24 months old (61.3% nationally)
30
New-build sales, latest settled 12 months (-69.7%)
In short
Start with this: in the 12 months to September 2026, registered new-build sales dropped 69.7% to 30 over the latest settled year across Reading. Meanwhile new development lending dropped 51.3% to 19 charges. The age of the local development book stands out: 64.1% of live charges are older than two years, against 61.3% for England and Wales. Planners approved 76 residential schemes in the last year, the next wave of exits.
Reading is a small market on the charge register (fewer than 30 new development charges in the year), so percentages built on those charges are suppressed. The counts are published as they stand.
Scorecard
Reading at a glance
How each signal moved over the year, measured the same way for every location we report on.
| Signal | Reading | Change | Basis | Direction |
|---|---|---|---|---|
| New development charges | 19 | -51.3% | 12 months to September 2026 vs the 12 months before | Down |
| Development charges satisfied (exits filed) | 13 | n/a | 12 months to September 2026 vs the 12 months before | Not published |
| Exit-type lending to developers | 20 | n/a | bridging, specialist-bank and private-credit charges on development companies | Not published |
| Live development book over 24 months old | 64.1% | +2.8 pts | at 30 September 2026, compared with 61.3% across England and Wales | Above national |
| New-build sales registered | 30 | -69.7% | settled 12 months (registration lag allowed for) vs the 12 months before | Down |
| New developer and property companies | 123 | -22.2% | SIC 41100, 41202, 68100 by registered office; live register only | Down |
Companies House · development lending
Development lending and exits in Reading
The register shows 19 new development charges in Reading across the 12 months to September 2026, down 51.3% on the prior 12 months, spread over 15 borrowers.
Repayments ran at 13 over the same 12 months. The sample is too small to express as a ratio.
A charge is the security a lender registers at Companies House. It shows that a loan was taken and when it was repaid (satisfied), not how much was lent. A quarter-end is provisional until 30 days after the data cut-off, because filings arrive late.
New development chargesSatisfied (loan repaid)
Companies House charge register, Construction Capital analysis
Companies House · exit-type lending
Bridging and specialist lending to Reading developers
Reading saw 20 exit-type charges registered against development companies in the 12 months to September 2026, against 6 a year earlier (n/a).
Bridging lenders held the largest number, 11. The third quarter of 2026 alone brought 1, against 2 in the same quarter of 2025.
Exit-type lending counts charges registered by bridging lenders, specialist banks and private credit funds against companies whose registered business is developing buildings (SIC 41100 or 41202). It is the market that refinances development debt at completion and funds the sales period.
Companies House charge register, Construction Capital analysis
Companies House · lender categories
Who is lending in Reading
Across all 631 charges registered against property in Reading over the year, specialist lenders held 90.2% of those we can match to a lender type, against 87.5% nationally. A 3 point tilt towards specialist lenders.
Lenders are grouped by category from the Construction Capital lender register and never named.
Specialist and challenger banksBridging lendersHigh-street banksDevelopment lenders, funds and other
Companies House charge register, Construction Capital analysis
Land Registry · sales
How quickly new homes are selling
Reading recorded 30 new-build sales in the settled 12 months to September 2025, against 99 the year before (-69.7%). New-build made up 1.4% of all sales (8.1% nationally).
Too few new-build sales of each type to publish a price premium.
All residential sales totalled 1,819 in the settled 12 months to April 2026 (-19.9% on the year before).
Land Registry registers new-build plot sales up to a year after completion, so new-build figures use the latest settled 12 months. Prices are transaction-sample medians, not a like-for-like index.
HM Land Registry Price Paid Data, Construction Capital analysis
Planning · pipeline
The next wave of schemes needing an exit
Reading approved 76 residential applications between 1 July 2025 and 30 September 2026, with 33 still pending. By type: 22 change of use, 19 prior approval, 11 new build.
Where an approval states units (60 of them), they add up to at least 657 homes.
Residential applications from council planning portals over each council's latest 12-month window. Unit counts are only stated on some applications, so unit totals are a floor.
| Largest approved schemes (stated units) | Units | Type | Decided |
|---|---|---|---|
| Near Rg1 2ht | 170 | new build | 2026-08-24 |
| Near Rg1 3ba | 107 | prior approval | 2025-08-21 |
| Near Rg1 3ab | 78 | prior approval | 2025-11-03 |
| Near Rg1 7fu | 52 | prior approval | 2025-09-23 |
| Near Rg1 3es | 44 | prior approval | 2025-12-17 |
Companies House · registrations
New developer companies
123 new development and property companies registered in Reading in the year to September 2026 (-22.2%), 50 of them as developers.
Q3 2026 brought 19 against 47 in Q3 2025.
Companies registered with SIC 41100, 41202 or 68100, placed by registered office. The register lists live companies only, so earlier periods lose companies since dissolved.
Benchmark
Reading against England and Wales
| Measure | Reading | Change | England and Wales | Change |
|---|---|---|---|---|
| New development charges, 12 months | 19 | -51.3% | 9,562 | +11.3% |
| Development charges satisfied, 12 months | 13 | n/a | 3,908 | +21.2% |
| Live development book at 30 September 2026 | 145 | 42,944 | ||
| Share of live book over 24 months old | 64.1% | 61.3% | ||
| Exit-type lending to developers, 12 months | 20 | n/a | 5,002 | -0.4% |
| New-build sales, settled 12 months | 30 | -69.7% | 67,091 | -7.1% |
| New-build share of sales, settled 12 months | 1.4% | 8.1% | ||
| New developer and property companies, 12 months | 123 | -22.2% | 58,644 | -5.1% |
What it means
What this means for developers exiting in Reading
0 signals rose in Reading (none) and 3 fell (new development lending, new-build sales, new companies).
An older-than-average book is the clearest local sign of schemes overrunning. Developers in that position usually refinance onto an exit facility or sell at a discount to clear senior debt.
Slower new-build sales stretch the time between completion and the last sale, which is the gap exit finance is designed to cover.
Terms depend on the scheme, the sales evidence and the developer, and no finance is guaranteed. We are a finance broker, not a lender. Development exit finance for companies is unregulated lending.
Read how a development exit loan is sized, or compare the national picture in the Development Exit Demand Tracker. Local market detail sits on our development exit finance in Reading page.
Methodology and sources
Companies House charges (security instruments, not loans: no amounts, LTVs or rates). Development lending = charges held by specialist development lenders, or by development-active mixed lenders where the borrower carries SIC 41100/41202, the charge wording names development land or a site, or the borrower is a newly incorporated (within 12 months) SIC 68100 company with no buy-to-let SIC (the same rule as the national Development Exit Demand Tracker). Exit-type lending to developers = charges registered by bridging, specialist-bank and private-credit (funder) lenders against companies carrying SIC 41100/41202. A charge is placed by its charged-property postcode, or failing that the borrower's registered office. 'Satisfied' is the filed repayment of a charge: the exit. Exit refinance events are new charges registered on the same title after a specialist development lender's charge was repaid or released (charge stacks, same-group and same-company pairs excluded). Satisfactions are filed late, so a quarter-end stays provisional until 30 days after the data cut-off. Lender categories come from the Construction Capital lender register; lenders are never named.
Land Registry registers new-build plot sales up to a year after completion, so new-build counts, shares and premiums are read only over the settled 12 months ending a year before the data vintage (settled12m) and compared with the 12 months before that. New-build figures in the most recent windows are incomplete and are not used for any headline. HMLR Price Paid, standard (category A) residential sales (detached, semi, terraced, flat) in the location's local authorities. New-build premium compares the median new-build price with the median existing-stock price within flats and within houses; it is a transaction-sample median, not a constant-quality index. Registrations lag completions by weeks to months, so the most recent months (and new-build plots especially) understate final counts; trailing-12-month figures are the steadier read.
Residential planning applications (new build, conversion, prior approval, mixed use, HMO, demolition and rebuild) from the Construction Capital council-portal scrapes, one record set per authority, over each council's rolling 12-month scrape window. Unit counts are stated only on some applications, so totals undercount. Councils not yet scraped are listed as missing, never estimated.
New companies with SIC 41100, 41202 or 68100 by registered-office postcode. The register snapshot holds live companies only, so earlier windows lose companies since dissolved; read year-on-year change as indicative.
Data vintage: charges registered to 2026-10-30, satisfactions filed to 2026-11-02, company register snapshot 2026-11-01, Land Registry transactions to 2026-09-30. Area covered: Reading (local authority boundaries). Minimum sample 30. 23 cuts suppressed for sample size.
Sources: Companies House charge register, Construction Capital analysis; HM Land Registry Price Paid Data, Construction Capital analysis; Council planning portals, Construction Capital planning scrape. Contains HM Land Registry data © Crown copyright and database right 2026, licensed under the Open Government Licence v3.0. Companies House data is public and reused under the Open Government Licence.
You are welcome to cite or chart these figures with a link to this page.
FAQ
Development exit in Reading: common questions
Is development lending rising in Reading?
No, it fell: 19 new development charges in the year to September 2026, -51.3% on the previous 12 months, according to the Companies House charge register.
Are development schemes in Reading overrunning?
At 30 September 2026, 64.1% of live development charges in Reading were over 24 months old (England and Wales: 61.3%). Charges that old usually sit on schemes past their original term.
What is development exit finance?
A short-term loan taken at or near practical completion. It repays the development lender and funds the sales or letting period, often at a lower rate than the development loan it replaces, and can release equity for the next scheme. Our development exit finance page covers how it is sized and priced.
Where does this data come from?
Companies House charges and company registrations, HM Land Registry Price Paid Data and council planning portals, all analysed by Construction Capital. Figures below the minimum sample of 30 are suppressed, and lenders are grouped into categories rather than named.
More reports
Other reports in Berkshire
Completing a scheme in Reading?
Send us the scheme, the current facility and the sales position and we will give a view on the exit options and indicative terms.