Having more than 40 years’ experience in property finance means that we have the know-how to help where other lenders often can’t. We pride ourselves on taking a common sense approach to every auction finance application, putting people at the heart of our decision-making, not computers.
Short-term auction finance
Key product features
► Loans from £26,000 to £5,000,000
► Rates from 0.49% per month
► Up to 75% loan to value, and 100% if you have additional security
► Flexible terms
Lending criteria
► No lender's legal fees and free valuations on most residential purchases
► We accept employed, self-employed, limited company, LLPs, sole traders & partnerships
► We will consider residential, commercial, semi-commercial & land
► Lending throughout England, Scotland & Wales
*Other fees and charges apply and are variable based on the loan amount. 0.49% pm is applicable for the duration of the loan. 12 months as standard. No exit fee applies.
Buy-to-Let mortgage
Key product features
► Loans from £5,000 up to £2,000,000 (or more by referral)
► Rates start from 5.99%
► Up to 75% LTV (and up to 100% LTV with additional security)
► Tiered Interest Coverage Ratio (ICR) from 125%
► For single or a portfolio of properties being let out
Lending criteria
► Interest-only options available
► Most income sources and adverse credit profiles considered
► Additional income can be used to illustrate affordability
► No maximum age limit, providing rental income covers the required ICR
►EPC requirements:
o Minimum rating E – however, we will consider F or G by referral.
o We will require a copy of the EPC in the following circumstances:
• All purchases
• All re-mortgages, where the property is currently being let, or there is an intention for the property to be let in the future.
We accept property types other lenders may not consider
► Houses in Multiple Occupation (HMO) (no maximum bedrooms)
► Ex-council houses, flats and maisonettes
► High-rise properties (yes, even ones above 6 floors)
► Properties with poor valuations (when the property is in a less than perfect condition)
► Non-standard constructions (when the property you want is a little out of the ordinary)
We're with you all the way
When you deal with us, we're always here for you – whether you call us, go online, or see us at the auction. Our experts are with you throughout the whole process to make sure everything happens just as it should.