This is designed to support brokers and their clients from the earliest stages of a project through to completion and sale.
The new pre-development bridge category allows developers to secure land, which can be accepted without planning, with lending available up to 65% LTV with planning approval and up to 50% LTV pre-approval, for terms of up to 18 months.
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This leads into Saffron’s development finance product, which offers up to 90% LTC and up to 70% GDV, with both land purchase and construction costs accepted within the facility.
“At Saffron, we believe progress is achieved through continuous refinement, careful expansion and solutions that reflect how brokers are supporting clients today,” said Tony Hall, head of business development at Saffron for Intermediaries.
“These updates sit at the heart of that philosophy.”
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