Saxon Trust
A manually underwritten property lender funded by an OakNorth facility, writing £100k to £5m of bridging, development, refurbishment and development exit finance in England and Wales.
What they do
Saxon Trust lends behind a £35m institutional facility from OakNorth Bank, with cases underwritten by experienced people rather than a system and a single point of contact throughout. Pricing is published across the range: bridging from 0.79 per cent a month or a stepped product at 0.55 per cent for the first six months of a twelve-month term, refurbishment and conversion from 0.84, and development from 1.1. Terms are fixed at twelve months on the stepped product, and cases can complete in days.
Where they fit in a lower-mid-market raise
The stepped-rate bridge is a genuine saving where a borrower expects to repay inside six months but wants twelve months of headroom, which is the usual shape of a property purchase awaiting a sale or refinance. Development exit finance sits alongside it for schemes that are built and selling.
Where they are not the fit
Most products cap at £5m, with larger loans only by exception, so this covers the bottom of a £3–15m requirement. England and Wales only, unregulated transactions only, and experienced developers only. Terms are short, so the exit carries the credit.
Published terms
- Pricing
- Bridging from 0.79% per month (standard) or 0.55% per month for first 6 months (stepped-rate product); Development from 1.1% per month; Refurb/Conversion from 0.84% per month; Development Exit from 0.79-0.84% per month
- Speed to terms
- Not published
- Sponsored or sponsorless
- Corporate/developer-led; no sponsor-backed framing on website; experienced developers preferred for development finance
- Where they lend
- England and Wales only
- How they decide
- Manual underwriting by experienced professionals; indicative decision in principle and rates offered promptly; single point of contact throughout; unregulated transactions only. No named BDMs listed publicly on website (Our Team page returns 404)
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Saxon Trust lends through 5 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Saxon Trust lends, but which of these would own it.
Bridging finance
- Facility
- £100k to £5m
- Security
- First charge required; second charge accepted as additional security; unregulated loans only
- Funds
- Acquisition · Refinance
- Rules out
- England & Wales only; Property security required; Regulated loans excluded
Bridging finance (stepped rate)
- Facility
- £150k to £5m
- Security
- First charge; up to 75% loan to value; residential, let and multi-unit properties with AST accepted
- Funds
- Acquisition · Refinance
- Rules out
- England & Wales only; Property security required; Regulated loans excluded; 12-month term fixed
Development finance
- Facility
- £500k to £5m
- Security
- First charge; up to 70% loan to gross development value or 90% LTC; JV structures up to 100% LTC
- Funds
- Growth
- Rules out
- England & Wales only; Property security required; Experienced developers only
Refurbishment and conversion finance
- Facility
- £250k to £5m
- Security
- First charge; up to 75% loan to gross development value; light, moderate and heavy refurbishments; commercial-to-residential conversions
- Funds
- Growth · Refinance
- Rules out
- England & Wales only; Property security required
Development exit finance
- Facility
- £250k to £5m
- Security
- First charge; up to 70% loan to value/loan to gross development value; Market & Sell (practical completion) and Finish & Sell (wind and watertight) variants
- Funds
- Refinance
- Rules out
- England & Wales only; Property security required
How they sit against the category
- Its published ceiling is £5m; 67 of the 75 property-backed lenders here go at least as high.
- 65 of the 75 publish an indicative price at all; it is one of them.
- It lends through 5 distinct desks, where most firms here run one or two.
Counted across the 75 property-backed lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Saxon Trust write?
Published facilities reach £5m, and the bottom of the published range is small-ticket business rather than a corporate facility. A band is what a lender states it will do, not what it will do on a given credit.
Where does Saxon Trust lend?
Saxon Trust lends in England and Wales only.
What does Saxon Trust lend?
The published product set is bridging finance, development finance, refurbishment and conversion finance, development exit finance. Published sector focus is mixed use, property, real estate, residential.
On the record
2024: £2.52m ground-up development loan (mortgagesolutions.co.uk.
2024: £768,231 ground-up development loan (saxontrust.com/news.
Sources: saxontrust.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.