Loan to Value
We place our charge against your property not you as an individual.
Will be given prior to loan and there are no hidden charges
Available on request
Is carried out at your cost and by RICS independent survey, we work from a 90 day valuation and purchase price
We work closely with you on this, however we do require one in place before money is loaned.
The interest is rolled until the end of the loan or taken off the loan advance
| MONTHLY INTEREST PAYMENTS |
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You pay us monthly like a standard mortgage
| ARE THERE ANY UPFRONT FEES? |
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As a lender we incur costs in setting up your loan and we pass these costs onto you. These can include application, legal and valuation costs.
We provide bespoke quotations in all instances detailing these costs exactly.
| DO I NEED MY OWN SOLICITORS? |
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Yes. As a lender, we have our own solicitors who carry out our own legal due diligence for us.
But we always ask all of our borrowers to take independent
legal advice with their own solicitors.
| HOW LONG DOES IT TAKE TO ARRANGE A LOAN? |
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Experience tells us 48 hours to ten days, dependent on the complexity of your case and whether it is a first or second charge.
| WHY SHOULD I DEAL WITH YOU RATHER THAN AN INTERMEDIARY, E.G A MORTGAGE BROKER OR IFA? |
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We are the lender. We underwrite and make all of the decisions on your loan ourselves. There are various factors, both regulatory and legal, which affect
most loans we encounter and we have substantial knowledge in dealing with all of them. You will also save not having to pay an intermediary a fee to refer
you to ourselves.
| WHY WOULD YOU USE ANOTHER LENEDER IF YOU WERE A PRINCIPLE LENDER? |
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Yes occasionally it is in the client’s best interest for us to use one of our financial associates
as we can often achieve preferential rates. Clients do not
incur any additional costs as the third party lender covers them.
| I HAVE A BAD CREDIT HISTORY, ARREARS OR CCJ’S DOES THIS AFFECT MY ENQUIRY? |
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As a responsible lender, we take all factors into account in considering an application, including the reason(s) being adverse circumstances.
Adverse credit and circumstances need not prevent you from obtaining a loan.
| I AM SELF EMPLOYED OR HAVE NO ACCOUNTS DOES THIS MATTER? |
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Again, as a responsible lender, this need not prevent you from qualifying for a loan, but we would wish to discuss these aspects of your application with you.
Can a Limited Company take out a bridging loan?
Yes, but the Directors will be required to give personal guarantees.
| CAN I USE THE PROPERTY THAT I DO NOT OWN AS A SECURITY? |
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Yes, but the property owner must be party to the loan as well.
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