Funding for new build and heavy renovation projects up to 90% LTC

Our stretch finance product means developers can commit less equity to each project

Key Features

From £250,000 to £5,000,000
Typically up to 90% of costs or higher with additional security
Loans can include purchase of site
Competitive rates for blended finance
First charge security only
Planning or valuation gain can be considered as equity

Our stretch finance product means developers can commit less equity to each project

Download Product Guide Request Call Back

Key Features

From £250,000 to £5,000,000
Typically up to 90% of costs or higher with additional security
Loans can include purchase of site
Competitive rates for blended finance
First charge security only
Planning or valuation gain can be considered as equity
Quick Quote

What is development stretch finance?

Development stretch finance provides developers with a means to spread their capital across a greater number of projects or to fund larger projects without a requirement for a separate mezzanine funder. Funds are secured by a first charge on the subject site with a high loan to cost ratio of up to 90% meaning less equity is required from the developer. Up to 100% of costs can be covered in some circumstances with additional security.

Interest from

0.89% pm

We offer competitive rates for stretch finance

Loan to Cost

< 90% LTC

Up to 100% LTC considered with additional security

Why use stretch finance?

High street senior lenders often restrict their lending to 60% of costs (i.e. site plus build costs) whereas Saxon Trust can provide a facility of up to £5,000,000 at a ratio of up to 90% of costs (with up to 100% in some instances where additional security is provided). Stretch funding can aid a developer's cash flow and enable more, or larger, projects to be taken on.

Saxon Trust can tailor bespoke stretch funding with a blended rate that will reduce costs whilst still providing the facility necessary to support the development.

Our stretch finance criteria

Property located in UK (excluding Northern Ireland currently)
Typical LTGDV up to 75% (higher with additional security)
Typical LTC up to 90% (higher with our stretch product)
Previous experience of a similar project required
Residential and mixed commercial sites
First charge security
UK residents, UK companies, trusts and certain non-residents considered
All credit profiles considered

Arrange a call back

Our team will help you get your project funded.

+44 (0) 203 3710 511 (Monday - Friday, 9am - 6pm)

[email protected]

Single point of contact

From project start to finish, you'll have one contact – even if you transition to another loan type.

Want to learn more about our lending products?

Case Studies

Stunning Cornish Apartments - Final Drone Footage

We are delighted to see the completion of a great project in Cornwall for which we have provided stretch funding to an established client.

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Stunning aerial footage of our Cornish development

Enjoy this aerial footage of one of our Cornish developments where we have provided property development finance. A stunning setting for these six apartments each having views over the estuary and out to sea.

Read more

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