Private lending is secured lending via a first or second mortgage over your residential or commercial property. They are often referred to as 'asset lenders', and require minimal paperwork.
Private Lenders do not verify income. This increases the lenders risk, and as a result, private loans are more expensive than bank loans. Interest rates start at 1% above non-bank interest rates.
We can offer indicative approval within 24 hours. Private funding can often be completed in a matter of days, but this depends on a number of factors, one of them is how fast the outgoing financier takes to release the security.
Yes, we help borrowers refinance their private/ expired loans. Refinancing can help reduce borrowers cost of funding and restructure the loans for a more streamlined and competitive solution.
