Apply online in less
than 10 minutes
We review with our
We offer a decision in
principle within 3 days
60% maximum loan to value
1 to 18-month term
Interest rate from 6% per year
Monthly or retained interest payments
Typical arrangement fee of 1%
These timings may vary.
Our loans are shared between investors on our platform and lending partners. (More about how we share loans.) We review all loan applications with our lending partners – and we take a pragmatic approach to lending, focusing on three main areas.
To make sure the loan is suitable, we make ID and credit checks and look at your borrowing history. We may also ask for your CV and asset and liability statement, depending on the type of loan you’ve requested.
We secure all loans with a first charge, giving us rights over agreed property assets (securities) to recover our funds if you default on the loan. We use our own surveyors and lawyers to check the value and validity of the security you offer. You’ll be responsible for related costs, which we’ll let you know about in advance.
It’s critical that each loan is repaid within the agreed timeframe. So we’ll ask for details of how you’ll do this and look into whether your proposal is realistic. As your circumstances can change, we also make sure we have an appropriate recovery plan in case of default.