Funding expertise in uncertain times.

Saffron Building Society would be delighted to consider helping you fund your next project.

Smaller Property Development Loans

Who's it for?

Our smaller development finance loan is designed specifically for experienced individuals and housebuilders looking to build or renovate a property to sell on the open market.

How we can help

We provide residential property loans designed specifically for experienced individuals and housebuilders working on small development projects, throughout England and Wales.

We are dedicated to the project; providing ongoing advice, guidance and support throughout the complete development process. We offer assistance wherever possible to enable you to overcome potential issues, such as unavoidable cost and time overruns.

For us, it’s not just about finance. It’s about lending all of our years of experience to help you achieve a successful outcome.

When to apply

Small Development Funding is difficult to secure without full planning consent. It is essential that you finalise planning consents and have all relevant documentation available before seeking finance.

Types of properties we’ll lend on

  • Residential only
  • New build flats and houses
  • Conversions (including barns), renovations & extensions to existing properties
  • Part completed sites will be considered

Important product information

Please note, the fees provided below are estimates, costs can vary depending on the size and nature of the project

  • Funding between £150,000 and £500,000
  • We will lend up to a maximum of 75% of build costs or 65% of Gross Development Value (GDV), whichever is lower
  • The maximum we will release on day one is 65% of the purchase price
  • Interest rates typically start from 1% per month and are added to the loan so there are no monthly payments
  • Term of the loan is typically 12 – 18 months
  • Arrangement fee 2%
  • Exit fees 1%
  • Fixed legal costs typically £1,200 for a single titled property
  • External Quantity Surveyor (QS) fees do not apply – our internal QS monitors all sites so there are no external monitoring fees
  • Internal monitoring costs will be charged for each visit. These will be approximately £100 per visit plus any reasonable costs incurred by the Society as a result of travel

How to get more information and apply

If you want to discuss your project further, please contact us on 01799 582886 or email One of our development experts will go through the details and we can provide a quick evaluation of your options.