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
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No up-front fees
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Non-status - we are a true non-status lender
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First & second charge loans secured against UK real property
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Unregulated loans only
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Short-term contracts, typically twelve months, can be redeemed after one month with no redemption penalty
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Interest rates, fees and loan-to-value ratios are considered case-by-case
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Loan size range from circa £100,000 to £1,000,000. Larger loans are considered on a case-by-case basis
Loan Products
Our lending is based on current open market value.
Typical loan-to-value ratios are 75% gross, although every case is looked at individually.
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 2%. Depending on the loan-to-value ratio and the complexity of the loan required an exit fee may be levied which will typically be 1.00% and will be charged on the outstanding gross loan amount and not the GDV.
Our typical loan size ranges from £100,000 up to £1,000,000.
We will quickly review each lending proposition and its suitability and we are happy to consider any proposals that you may have.