We underwrite our deals with a view that the loan to value (LTV) is at a level which ensures that there is sufficient has enough equity in the security to cover the loan amount together with any accrued interest and fees plus interest plus any fees that relate to collection of the loan.
Your investment is secured by a charge or restriction over UK property (like a short-term mortgage). It is this security that is the most important consideration when lending money. Many other peer-to-peer lending platforms and investments do not offer a registered security as protection. We do and such security is held directly on your behalf. You are assigned part of this loan security.
We ensure that every deal has at least one clearly defined exit plan for the borrower. This is usually the sale or refinance of a property within the loan period or the refinance of a property on a traditional mortgage or the repayment of the loan from the proceeds of a business venture. Often we insist on a second exit plan as well.
more information on investing via a SIPP or ISA will be available soon
If you are a fund or managing assets on behalf of your clients, you can manage all of your clients funds via one account on our online platform. We allow you to have one account with multiple “investors” on it.
Referrals - if you wish to refer high net worth individuals to the platform, then please click here to email us and we will set you up on a referral scheme whereby you earn a commission for every investment your referrals make.
Yes. We make it really simple for one person to manage multiple investors under one account so that you can structure your investments as tax efficiently as possible.
underwriting, fraud, valuations...
Risk, underwriting and fraud
The team members have been lending and processing bridging loans for 15+ years and have a combined experience of over 50 years. Our backgrounds range from accountancy, insolvency practice, legal profession (barristers and solicitors) and loan underwriting. Our experience in bridging has taught us what deals to enter into and what deals to turn down. Importantly we know the loan to value criteria for different styles of properties as well as when to allow a loan extension and when to re-possess. We have developed extensive due diligence processes and procedures as well as excellent fraud prevention systems. Notably, we have processed thousands of loans and millions of pounds, and have never lost any capital. meet the team
Valuations and Loan To Value
We always obtain an independent property valuation from one of our paneled or approved RICS surveyors that have passed our due diligence and compliance procedures. We check their experience and the level of their indemnity cover to insure against any negligence or undervalued properties. The valuer will physically visit and inspect the property and provide us with a comprehensive report and photos of the property that we are lending against. This will include details on the local market and evidence of comparable recent sales for the property as well as any other specific requirements that are of importance.
The surveyors also provide an indemnity against the valuation that they placed on the security. This provides a secondary layer of security. Should the valuation be dramatically different from the sale price that is achieved should we foreclose and sell the property, then the surveyor’s insurance company covers us for any economic loss after it has been mitigated.
Our solicitors process over £45million of loans and repayments each month for some of the UK’s largest bridging lenders. Suffice to say, they are collectively regarded as one of the specialist legal teams in the industry for both due diligence and recovery.
Our solicitors undertake additional due diligence on every borrower as well as the property security, title deeds, local searches and borrower's solicitor. Our solicitors draft the loan agreements that have been refined using years of experience as well as registering the legal charge over the security (unless the clients solicitor is registering the charge).
We perform extensive due diligence on the borrower's solicitor, ensuring that they have appropriate indemnity cover and at least three partners.
In addition, every borrower is required to meet a solicitor in person and seek independent legal advice. The solicitor must meet the borrower and explain the loan agreement and the consequences of not repaying the loan. This is done so that the borrower can not state they were unaware of what they were entering into and unsure of the potential consequences if they do not repay the loan. The solicitor also witnesses their signature of the loan and mortgage to ensure that the right borrower signs the contracts.
Borrower’s due diligence
We undertake an extensive variety of far reaching searches on the borrower (and the borrower's solicitor) to ensure that all parties and the statements of the borrower are backed up with evidence. We search credit reference agencies and undertake insolvency searches, courts searches, bankruptcy searches, and PEP sanctions. Additionally, our fraud prevention technology plugs into major credit agencies, and we ensure that every borrower provides identification and documentation that is authenticated to a high a level of security.
Hedge your risk
You have access to multiple loans and as such, you can spread your risk over multiple deals with varying repayment deadlines and interest rates.
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