Frequently Asked Questions - All FAQs

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We cater for a wide variety of businesses and entrepreneurs, including: individuals, limited companies, limited liability partnerships (LLPs), self-invested personal pensions (SIPPs), small self-administered schemes (SSAS) and trusts.

Standard conditions apply and are dependent on the status of the applicant (i.e. employed, self-employed, owner occupier or investor).

Loans are available:for applicants acting solely within their trade, business or profession, and when the purpose of loan solely relates to such trade, business or profession.

For limited company applications, the majority shareholders must be party to the application. They will be required to provide a full personal guarantee. Limited companies registered outside of England or Wales will be considered on a case-by-case basis.

We’ll need to carry out due diligence on the pension scheme and the commercial tenant.

A copy of the trust deed will always be required.

The DSCR is the calculation we use to determine that the loan is affordable on an investment basis and that the market rent determined by the valuer provides adequate cover for the loan repayments. We expect cover to 125%-180% of the interest-only payment, depending on the type of security and experience of the landlord. For full details please see the individual product pages

We do not have limits on concentration. However, we may seek to either limit the LTV or load the pay rate to reflect the concentration risk.

Gifted deposits will be considered but only where the gifted deposit is from an immediate family member e.g. parents, siblings and/or grandparents.

Yes, subject to certain restrictions.

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There are occasions when we will require a meeting. This tends to be in cases where our loan exposure to the applicant exceeds £2,000,000. These face-to-face meetings happen prior to issuing a Formal Offer.

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Useful Information

The FCA does not regulate some forms of buy to lets, commercial mortgages, secured loans, unsecured loans, bridging loans, trusts, agricultural loans, overseas mortgages, and conveyancing or debt management. Our lending to limited companies, incorporated partnerships and unincorporated partnerships of three or more is not regulated by the FCA.
Not being regulated by the FCA means that we can make our own lending decisions (incl creative credit options). All loan agreements are still subject to UK Laws and UK Courts.
Kindly read all our Terms and Conditions (T&Cs) carefully before you sign any Loan Agreement. If you do not understand our loan contract terms & conditions, invest in the services of a solicitor before you sign.
Your use of this website and/or services constitutes acceptance of our T&Cs.
If you disagree with our T&Cs and How We Operate, please don't use our lending services.

Before You Apply

You should not apply for a loan amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
It is an offence to knowingly give false, inaccurate or misleading information when applying for a loan. If you give such information, you may face criminal prosecution and/or civil action for the recovery of any losses incurred by us.
Any property used as security, which may include your home or pensions and/or business assets, may be repossessed if you do not keep up repayments on a loan or any other debts secured on it. | Our Repayment Assistance Programme is, however, available to qualified borrowers only.
Note: As part of our KYC and anti-fraud checks, you cannot email us from any of the free mail providers accounts as a business, including but not limited to gmail, hotmail, or yahoo. You are advised to send us an email from the email of your business or company website. If you are borrowing as a business and you don't have a website, we can't deal with you. Learn more.