Primary Loan Criteria

The following primary criteria provides a guide to our lending parameters. However, as we are a service led lender we will happily discuss cases that may initially seem outside our lending parameters to see if a suitable funding package can be constructed.

Furthermore, as a true non-status lender our core focus is on the quality of the security being offered.  If the required funding is for a property conversion or refurbishment then we will assess the ability of the borrower to deliver their project. Finally, with all our loan advances, the strength of the exit strategy - whether refinance or sale.

Summary 

• No up-front fees
• Non-status - we are a true non-status lender 
• First & second charge loans secured against UK real property
• Unregulated loans only
• Short-term contracts, typically six months, can be redeemed after one month with no redemption penalty
• Interest rates, fees and loan-to-value ratios are considered case-by-case
• Loan size range from circa £50,000 to £2,000,000. Larger loans are considered on a case-by-case basis

Property Value

Our lending is based on current open market value.

Loan-To-Values

Typical loan-to-value ratios are 75% net of interest and fees as a maximum, although every case is looked at individually.

Interest Rates & Fees

Lender’s fees, interest rates and exit fees are determined on a case-by-case basis. However, as guide, our interest rates are from 1% per month, the lender's arrangement fee is typically 1%. Depending on the loan-to-value ratio and the complexity of the loan required an exit fee may be levied which will typically be 0.50% and will be charged on the outstanding gross loan amount and not a GDV. 

Loan Size

Our typical loan size ranges from £50,000 up to £2,000,000.

Security Location

Our preferred locations are London and the Home Counties.  However, as with all other aspects of our approach to lending, we will consider loans on a case-by-case basis and we have completed loans outside the above-mentioned locations.

Preferred Security

We only consider non-regulated residential and semi-commercial lending, first charge and second charge. We are eager to work with small developers building one or two properties rather than seeking funding for an entire housing estate project.

We will quickly review each lending proposition and its suitability and we are happy to consider any proposals that you may have.