Saxon Trust offers a diverse range of loans to support borrowers throughout the entire life cycle of their projects.
Lending since 2006, Saxon Trust has built a reputation as a leading, innovative and flexible property lender. Rebranding in 2020 from its original name of Calmez, the team are steadily increasing the reach of the business by developing a broader suite of loan products. With a diverse range of loan types including bridging, development, refurbishment, development exit, mezzanine and stretch finance they are now able to support borrowers throughout the entire life cycle of their projects.
Privately owned and with a strong belief in transparency and working in partnership, Saxon Trust often lend when others can’t and will always work to what they genuinely believe to be achievable deadlines. With a single point of contact throughout the process and all deals manually underwritten by highly experienced underwriters, indicative terms are offered promptly. The team at Saxon Trust work in a truly collaborative way with brokers, borrowers and a network of professional third parties to achieve the best possible results for all concerned. They will never revert to computer driven algorithms to make decisions preferring instead to forge a close relationship with brokers, borrowers and their projects. By doing so they ensure assessments are made on a case-by-case basis.
With rates starting from 0.55% per month on standard bridging, Saxon Trust is genuinely competitive, and interest can be rolled up, retained or indeed serviced if the borrower prefers this option. Crucially there will never be any hidden fees on a Saxon Trust loan. They lend right across England and Wales and consider any credit history provided applicants are open and transparent. By offering their core bridging and development loans from £100K to £5M (with larger loans by exception) over periods of 3-36 months and supplementing these with a range of more specialist loan types, Saxon Trust often find solutions where other lenders may struggle.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.
Many lenders can agree terms in hours and funds can be in place in days rather than weeks. Average completion times with some lenders can be in the range of just 7-14 days. When you require speed to take advantage of a time-limited opportunity Bridging.com can help you to find the best lender for your unique circumstances.