Secured loans are loans secured on property, in much the same way as a
mortgage. Secured loans require no upfront survey, legal or other fees. Loans are available for any purpose: debt consolidation,
the purchase of a new car, home improvement, holidays, or anything you choose. Any amount can be borrowed from £5,000 to £500,000.
To qualify for a loan you must be over 18, resident in the UK and a homeowner. Loans are available up to 125% of the value of
the property, interest only if required, with fixed rate and flexible options available.
There are special schemes available for those requiring a self certification facility that can go up to 100% of property value.
There are also many schemes available for those that have had credit problems in the past and those that have already been declined
for a loan elsewhere. There are also schemes available for those with a good financial track record. Highly competitive rates to
are available that are often lower than you would imagine. A secured loan allows you to take advantage of preferential interest rates
that would not be available for an unsecured personal loan. Our clients are also much more likely to be approved for a secured loan.
The amount borrowed is repaid monthly over a term agreed at the outset, which will usually range between three years and twenty five years.
A penalty may be charged if a loan is repaid earlier than agreed, depending on the lender. Borrowers may be able to borrow up to 125% of their property
value.
Initial assessment can be made quickly, however loans under £25,000 are regulated, and a consideration period will be given to allow time for borrowers
to assess the implications of the credit agreement, and to ensure that they are fully aware of all the terms and conditions.
To summarize, we can source for the following benefits:-
Market leading rates to suit all circumstances
CCJs, Mortgage Arrears
Defaults, Self-Certification to 100% LTV available
Up to 125% LTV available
Interest Only, Fixed Rate and Flexible Loans available
Average turnaround 17 days
No upfront fees payable
Advances from £50k to £2m
10 - 30 year terms and 3 year interest only available
Non-Conforming and Near-prime Commercial Mortgages
Market-leading rates and up to 85% LTV
100% LTV available (with additional security)
No accounts or business plan, need Self-cert?
No lengthy Interviews or Bank visits required.
Commission - up to 1.5% of advance available
Examples of Securities:-
• Public Houses
• Retail Units (with or without living accommodation)
• Semi-Commercial (shops with living accommodation above)
• Farms (Reduced LTV)
• Equestrian Centres
• Factories/Industrial Units
• Warehouse
• Kennels/Catteries
• Guest Houses/Bed & Breakfasts
• Hotels (20 Bedrooms and below for maximum LTV)
• Holiday Parks
Bridging Finance is available for a whole range of finance requirements and can be on the basis of a
1st or 2nd Charge equity release, for any purpose. With loans available from £25,500 to £10,000,000 and up to 80% Open Market Value.
Plus payments can be rolled up or deducted, we are able to source most bridging loan requirements.
Covering all areas of the UK, Ireland, and Scotland, competitive bridging facilities can be arranged through a network of lenders.
Whether the property is a licensed premises, office blocks, land or residential properties, all types of security can be considered.
Bridging finance is commonly used for the following reasons:-
• Purchasing property at auction
• Property refurbishment or conversion
• Chain-breaking mortgage
• Purchasing property where the surveyor recommends a retention
• To help homeowners who have been or are about to be repossessed
• To stop bankruptcy
• When funds are required within days rather than weeks.
Typical LTV's (Loan to Values):-
Residential first charge – up to 85%
Residential second charge – up to 75%
Commercial – semi Commercial – up to 75%
