4 easy steps for quickly accessing secured borrowing options.
Get in touch with us several ways.
There are a plethora of ways to actually get in touch to find out more about our private, independent lending service. You can call us by telephone, send us an email, enquire online or shout really loudly.
We will value your home to determine loan.
Revolving credit still requires a valuation. This is so we can work out the maximum limit we can store in your available funds. You are liable for the cost of the valuation which is done by an independent surveyor.
Get an offer of finance almost immediately.
From the valuation and the information you give us about any outstanding mortgage or other loans secured on the property, we can ascertain just how much, or if we are able to lend to you.
Accept & we transfer funds instantly.
As long as all paperwork is present and correct, we can transfer funds to your personal, business or any nominated bank account instantly. We can also work to a specific date if required.
Or call: 0845 475 1814
Low rating score and bad credit accepted.
Business revolving credit.
In business and commercial ventures, as in most of life in general, cashflow is vital. It's the key that makes staying afloat key. So, when you have a slump in sales, or if clients are late paying their invoices, having a good line of cash flow comes in very handy indeed. A business revolving credit facility can be used in times like the aforementioned. An almost unlimited amount of cash available all the time can help your business survive in the less produtive times we all sometimes get from time to time. Give us a ring to find out more about a BVCF.
Personal revolving credit.
First and foremost, for a private or personal revolving credit facility in the UK, a clean credit history is required. You are basically dealing with a independent lender who gives you access to a set, predetermined amount of funding. Unlike normal types of loans, there is no interest added to this amount for you to repay. However, when you dip into this amount, be it a pound, a hundred pounds or even £5000.00 you then pay a monthly interest fee on that specific amount you have used. Get in touch with us today to see if we can help you.
Property secured bridging loans.
Whether you come through to us as a business enquity, or as a homeowner, the problem with a revolving credit facility is that, because of their being a certain degree of trust, moreso than with a standard loan, a clean and and healthy credit rating is required as standard. If you do not have an A1 borrowing history, this form of financing is unavailable. However, we can still offer bridging loans to both residential and commercial borrowers even with bad or adverse credit histories. All that is needed is a property as security for bridging loans.
All forms of short term financing.
Unfortunately, for all you homeowners, we can only offer one form of funding. That is regulated bridging loans. However, if you agree for you or family members to not live in the house or home you are using as security, then this opens up the unregulated bridging finance market, whic means you have access to the products business borrowers can use such as equity only loans, unsecured guarantor borrowing and asset finance. Affordable rates of interest across all our lending. Give us a ring more information on what we can offer to you.
Personal revolving credit facility uk versus bridging loans.
Predominantly, we are, first and foremost, bridging loans lenders. We offer both unregulated and regulated bridging loans to all property owners. In recent years, due to the ecomonic shift inflicted on the whole of the United Kingdom because of the recession, we now len more to helping those that have struggled to get a short term, high value, secured line of credit elsewhere. However, one of our lenders does offer the business and personal revolving credit facility in the UK.
The fundamental differences are that a revolving credit facility is only available to those with a perfect borrowing history. Our bridging loans are available to those with a poor credit history. With bridging loans, you pay a monthly interest fee on the full amount every month until you clear the full amount you were advanced.
Call on our local rate 0845 475 1814 from a land line or call 0203 287 7169 from your mobile device or request a call back by using the quick contact form on the right hand side, or just below depending on whether you are browsing on a PC or a tablet or iPad. As another option, you are able to click the big blue 'enquire online' button for our short, yet concise enquire form to get a decision in principle instantly.
The revolving credit facility works differently. You do not pay interest on the money whilst you ar not using it. So, for example, if you were loaned £50,000.00 but didn't spend a penny of it for the first month, your interest repyment would be zero. However, if you used one thousand pounds of it in that first month, you would pay interest on the amount you used but not on the full fifty thousand pounds.
If you paid back the £1000.00 you dipped into and paid it back within the first month, you would still pay interest on it for that month, but whilst the full 50K is in tact in the following month, there would be no interest to pay. You only pay the interest on what you have used in that month.
The revolving credit facility is also a long term agreement, meaning funds are vailable whenever you need them. Think of it like a high value overdraft facility. A bridging loan has to be repaid within 12 months. Howeve,r we do offer bridging refinance option.
Call our investors directly on 0845 475 1814 or you can click below to apply online, or you are able to call us up from your mobile phone on the landline number 0203 287 7169 or request a call back by using the quick contact form on the right or directly below this block, still without being under any obligation to accept any offer presented to you. Alternatively, apply online by clicking the big blue button.
Quick contact form
Are your bridging loans regulated?
We offer both regulated and unregulated bridging finance to both business and home owners. Please be advised that as a homeowner, if you opt for the unregulated bridging loan option, you are unable to leave in the house that you offer up as security. This also extends to immediate family. No relations can live in the property. However, if the abode you use to secure your finance is a buy to let, your tenants are still able to live in the property.
Can you offer funding for auction finance?
All our financial products can be used as property auction finance. Traditionally, many people have used bridging loans as a way of purchasing houses and land through the auctioneers. However, please be advised that irrespective of the market or book price or estate agent valuation of a home or building bought through an auction. The actual valuation we place on it, if you use that property as security, is the actual purchase price you have paid to buy it.
What are bridging loan interest rates?
There isn't set rate of interest on bridging loans. That is not just us as lenders, but evry lender and private bank you could approach to ask about borrowing bridging finance. The mitigating factors include the actual monetary value of the amount you would like to initially borrow. Then the amount of equity you have in the security is also factored in. The higher the amount you want, combined with greater equity means cheaper rates of interest.