BRIDGE FUNDING AGAINST SOLICITORS UNDERTAKING!!

• Lending against a solicitor's undertaking rather than bricks & mortar
• The solicitor is to give an irrevocable and unconditional undertaking to repay said money by said date
• Funds available within 1 week of application
• Facilities from £27,500 up to £1m
• Loan period of up to 12mths
• Given the nature of the security (or lack thereof), pricing is deal specific.

CLICK HERE for details and a copy of our latest funding brochure

Buy to Let & Quirky Residential Lending Policies

BUY-TO-LET LENDING HIGHLIGHTS

• 75% interest only buy to let, sub 4%
• Will lend against multi-unit residential assets up to 4 on one title
• Rental calculation 125% of payrate.

RESIDENTIAL HOMEOWNER LENDING HIGHLIGHTS

• 80% interest only (no need for repayment vehicle to be in place)
• 3yr term
• Rate sub 4.5%

CONTRACTORS

• Lend against contract value (annualise weekly rate assuming 46 week year) with a multiple of 4.5 subject to maximum of 85% loan to value
• If contract due to shortly expire i.e. 3mths, the lender will require confirmation a new contract will be in place
• Minimum 2yr contract history (if not, will lend 70% LTV provided same sector)
• FTB/Mover/Remortgage
• Available to contractors in the following fields: IT/Oil & Gas/Accountants/Solicitors/Actuaries/Bankers/Compliance Professionals

SHAREHOLDING DIRECTORS

• Lender will use net profit for the company plus dividend income ie will not simply look at drawn income plus dividend, which is great for those with retained profits and supports a higher level of lending.

CLICK HERE for more details and our Funding Brochure

Focus on unlimited adverse UK bridging finance

First Charge

• Adverse credit profiles accepted to include repossession orders pending sale
• Funding available for residential, single or multiple assets
• Specific semi-commercial and pure commercial assets
• England, Scotland and Wales
• Lending £50k up to £2m however up to £5m will be considered
• Gross lending to 60% loan to value for adverse cases
• Residential assets at 1.25% per month (lower by exception for the 'right deal'), semi-commercial and commercial assets at 1.45%
• Various repayment options including serviced and retained interest
• 2% arrangement fee (can be marginally lower for the 'right deal'), subject to a minimum £2k
• No exit fees
• Daily interest
• Term 1mth to 12mths
• Regulated contracts available through our sister company

CAN WE HELP YOU?
Request our Funding Brochure NOW!!