FAQ’s

Lending can be a complicated process, but we do everything we can to make it as straightforward as possible. Read the answers to some of our frequently asked questions below.

I.

How long does the process take?

We work to your timelines to make sure you have the finance you need when you need it. Often, the turnaround time will depend on if we need to complete valuations and searches as part of the application process however a realistic completion term would be two-three weeks once the formal application is submitted.

II.

What can I use to secure the loan?

Often, we will use property to secure a loan but this will be decided on a case by case basis depending on your business and circumstances.

III.

How do you determined the loan term?

Our loan terms are reviewed based on your project, plans and circumstances. Typically bridging loans will last for a minimum of three months but can last as long as reasonably needed. Development finance will last slightly longer, up to 24 months is considered the norm.

IV.

How is bridging finance and development finance different?

Bridging loans are often used for smaller projects, in property this would include standard home improvements. Development finance covers larger scale projects which often need monitoring, where walls are being restructured or extensions added.

V.

How much can I borrow?

We lend for figures up to £2.5m, but are flexible on our terms and lending totals.

VI.

What are your fees?

We offer 1% interest rates across all of our products.

VII.

Will I have to pay anything up front?

We charge an initial fee for our service however we can build this into the loan as part of the repayment process.

VIII.

Can I apply if I have bad credit?

Yes, we consider clients with adverse credit and purposely bypass credit checks to offer finance solutions for businesses of all sizes and maturity.

IX.

Can I request additional funds once my finance is in place?

Yes, although we my need to reassess and draw up further terms.