|
|
Frequently
Asked Questions
What can I use my loan for? It can be used for any purpose How much can I borrow? We can arrange bridging loans from £15,000 - £5 million What is the monthly rate? Interest rates start from 1% per month Is there a charge for making an application? No What costs are involved in the transaction? A completion fee may be payable upon draw down of the funds and a valuation fee may be required. What type of security will you lend against? We will lend on all types of residential, commercial and semi-commercial properties. How long will it be before I receive my funds? We work within your timescale. We have completed loans within as little as 24 hours. Can I settle my loan early? You may pay off your loan at any time. Can I make capital reductions? Yes, at any time. This will reduce the balance outstanding as well as your monthly repayments. Can I protect my repayments? We can arrange life cover on all loans, if required. Can I convert my bridging loan into a longer term loan? Yes. We are closely associated with companies that specialise in long term loans and mortgages. Can I apply if I am self employed and do not have a set of accounts? Yes Can you help people with County Court Judgements (CCJs), arrears and/or adverse credit? Yes Am I able to borrow finance on a property on which I already have a mortgage/other charges? Yes. We offer 2nd Charges, subject to available equity. Do I need a solicitor? No. However, we recommend customers seek independent legal advice prior to completion. Do you lend to Limited Companies? Yes Can I use security which I do not own for my loan? Yes. However, the property owner must be party to the loan. |
|
||||||||
