Peter has worked with Saffron for the last 7 years and heads up the Property Development team. The team provides development finance to developers and small house builders to help them to fund residential housing developments, property conversions and refurbishments in loan sizes of between £500,000 and £3m. Prior to working as a property banker, Peter's earlier banking career was in retail and corporate banking with HSBC, before shifting to development lending around the start of the millennium. Since then, the house building industry has become a major passion for Peter and he is thrilled to still be in the industry and able to continue to add value to developers by calling upon his many years of experience.
"I am lucky in having a very experienced team of property lending bankers who work with me in my team at Saffron, and between us we work with our developer customers from the point in time when they acquire the land, through to the sale of the completed houses; and we are able to follow the progress of the projects by working with our panel of monitoring surveyors throughout this process. Recently we have found ourselves working in challenging times (our developers have found Brexit and Covid in particular significant recent issues which they have had to contend with) and so this close working relationship between developer and experienced banker has proven crucial to the success of the project. In short, we see this working relationship as a partnership, and something which our developer customers are very grateful for, as it sets Saffron apart from some of the other lenders in our niche lending sector."
Please contact Peter for any Development Finance enquiries.