FAQ's

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Frequently Asked Questions

Most frequent questions and answers

What are Private funding and solicitor loans?

Private Funding encompasses loans funded by private investors. Historically, such funding was procured through Solicitor’s Trust loans. However, due to regulatory changes, solicitors are no longer able to provide this service.

Instead, private funds are now accessed through specialized brokers or dedicated Mortgage Funds designed for providing loans for business or commercial purposes. Typically, these loans are evaluated primarily based on the value of the asset offered as security or as an unsecured loan option.

What Do Private Lenders Do?

For those seeking alternatives to conventional banking, private lending presents a compelling option. Private lenders offer several advantages over traditional financial institutions. They often extend loans to individuals with poor credit scores and provide shorter repayment terms. Moreover, private lenders typically offer lower interest rates compared to banks.

Private lending encompasses a variety of personal loan options, ranging from short-term loans catering to minor expenses to substantial amounts tailored for significant purchases or unsecured loan alternatives.

If you’re contemplating securing a loan from a private lender, it’s crucial to conduct thorough comparisons of available options. Understanding the loan’s terms and conditions, including associated fees and charges, as well as discerning your monthly rep

What are Unsecured loans

An unsecured loan is a type of loan that is not backed by collateral. Collateral is an asset that the borrower pledges to the lender as security for the loan. In the case of an unsecured loan, there is no collateral involved, so the lender relies solely on the borrower’s creditworthiness and promise to repay the loan.

Because there’s no collateral to mitigate the lender’s risk, unsecured loans typically have higher interest rates compared to secured loans.

Do i qualify for a private loan?

If you possess equity in a residential property registered under a corporate entity or have a legitimate business or commercial intent, you may be eligible for a private loan. Additionally, if your property falls under commercial categories like retail, industrial, or commercial, irrespective of ownership, you could qualify for a private loan.

Our low documentation commercial loans and development loans are designed to streamline the qualification process, ensuring accessibility without unnecessary complexities.

What Are The Types Of Private Lending?

A diverse array of private lending products is available to accommodate various needs, including:

Money loans
Mortgages/home loans
Commercial loans/business loans
Development loans
Unsecured Loans
Other personal loans

How do I apply

Private lending presents itself as a viable option for borrowers who may encounter challenges in securing traditional financing. The application process for private lending is straightforward. Kindly contact us to start your application today!

Get the best deal today!

A direct lender entails bypassing any middlemen. Despite many lenders claiming to be direct, they often aren’t. We take pride in being genuine direct lenders, cutting out the prolonged waiting period associated with intermediaries.