Our Haverhill branch will be closed on Wednesday 18 February for a community volunteering day.
Our Ware branch will be closed on Thursday 19 February for a community volunteering day.
We apologise for any inconvenience this may cause.
Tailored funding solutions for a variety of property development schemes including heavy refurbishment, conversions and new-build schemes.
Saffron offer tailored funding solutions for a variety of property development schemes including heavy refurbishment, conversions and new-build schemes. Learn more about our services and expert team below.
The firm have a common-sense approach, delivered with integrity, their expertise and attention to detail was second to none. At no point did my client feel they were a number!"
- Mary Riley, Broker
£500K - £3m
Strong proposals between £3m - £5m will be considered by exception
65% Day 1 LTV and maximum 80% of total costs. Maximum 65% LTGDV
12 - 24 Months
Property Development Finance is a commercial finance product for Investment Properties which are to be sold or to be retained as Buy to Let investments. If you are enquiring for a development which is to be your / your clients primary residence, please contact the Self-Build Team.
Contact the Self-Build TeamFor more information on our Development Finance offering, service and latest products, download our Development Finance brochure.
DownloadIf you would like to discuss your project further, please contact us on:
01799 582925 or email ist@saffronbs.co.uk
One of our development experts will be happy go through your project details with you and provide an evaluation of your finance options
ContactWhat key components do we look for in a strong Development Finance proposal?
You are developing in England or Wales
You have previous experience of similar projects and have an experienced project team
There is a demonstrable exit strategy for the development
The below are just a few of the reasons why you should consider Saffron for your Development Finance needs.
The ability to structure your funding to suit you.
A close working relationship with our underwriters ensures you are not waiting for certainty about our ability to fund your project.
Our team are driven to ensure you get the support you want throughout your journey with Saffron.
From initial introduction through to completion, you'll only ever deal with one representative from our team.
A wealth of industry experience in our team ensures we can look to overcome any challenges you may face during the lending process.
No portals or convoluted systems to process your application. A clear path is set all the way through to completion.
Property Development finance, provides funding to companies or individuals who are looking to undertake a property development project or a refurbishment scheme. At Saffron, we provide these property development loans to provide finance for residential developments and in some cases mixed use development schemes where the intention is for the completed units to be sold on completion or remortgaged onto a Buy-to-Let loan for investment purposes.
Saffron not only provide these loans (ensuring these projects are appropriately funded), but our team of experts guide you through the finance & build process, providing the necessary support to help ensure the project keeps to plan, and on budget.
There are a variety of development funding options available in the UK, and we are pleased to be able to offer these to property developers who are entering or are already established in the residential construction market.
The Society monitors development finance rates in the UK to remain competitive in the marketplace, and our carefully constructed team ensure that our service is second to none.
As well as servicing property developers directly, Saffron are also pleased to work with mortgage brokers and financial advisors in the commercial finance sector.
If you are looking for funding to build or renovate your primary residence, please check out our Self Build Mortgage options.
Whether you are a first time developer or a seasoned residential construction business, a development mortgage may be an essential element of a successful property development project.
Upon evaluation of your proposal, Saffron can look to fund up to 65% of the purchase price to secure the land for your development or to re-mortgage any outstanding finance you have against the land.
Up to a specified sum (typically up to 80% of costs) which is agreed at the point of our lending submission and assessed by our team of experienced underwriters, funding provided towards the development costs of the project will be held in retention and released to the borrower upon certification of the completion of the works undertaken by the Society’s independent monitoring surveyor.
Led by industry expert, Peter Owen, the team are on hand to guide you through the construction project and provide additional advice, guidance, and solutions as the build progresses.
Saffron work collaboratively with you, the property development company, the project manager, and key stakeholders to act as an extension of your team. At each stage of the project, we will use our expertise to guide you to the next and ensure the next round of funding is provided efficiently so as not to affect your schedule.
Saffron Building Society provide mortgages for the consumer market solely through mortgage brokers and financial advisors. You can access our development finance products through these intermediaries too, but we also provide these directly to SME construction companies.
Our team have a long history of working in collaboration with mortgage brokers, we pride ourselves on our efficient service, and as an advisor you can be confident that your client is in great hands with our team.
If you would like to discuss your project further, please contact us on:
01799 582925 or email ist@saffronbs.co.uk
One of our development experts will be happy go through your project details with you and provide an evaluation of your finance options
Contact us
