Property finance can become unnecessarily complicated. These are the core things borrowers usually want to know before they start.
You do not need every supporting document before getting an initial indication.
PropertyLend currently considers facilities from £50,000 to £1,000,000.
No. The current product funds the property purchase rather than the refurbishment costs. We will ask whether you have sufficient funds for the works and may request proof of funds during underwriting.
Potentially. On selected opportunities we can consider up to 100% of the purchase price where the borrower is funding the works and the completed value and exit create sufficient security.
First-charge security is normally required. Additional security may be requested depending on the transaction.
Yes. Depending on the deal, interest can be paid monthly or rolled up.
Direct applications have a 0.5% arrangement fee. Where a borrower has been referred by an eligible introducer, an introducer-related fee may apply and should be shown clearly before the transaction progresses.
No. PropertyLend's current proposition has a 0% exit fee.
No hard credit search is required for the initial online indication. Formal underwriting may require additional checks before lending.
We target an initial response within 24 hours where the key deal information is available.
Evidence can include a formal valuation, estate-agent confirmation or comparable evidence. Where the property is outside an area familiar to us, we will want clear evidence supporting the proposed completed value.
A builder's quote or detailed project-cost breakdown is stronger than an unsupported estimate and will normally be requested as the deal progresses.
PropertyLend facilities start from £50,000. The amount we can offer will depend on the property, purchase price or current value, refurbishment requirements, expected end value, borrower contribution, security and proposed exit.
Start with the property or site, purchase price or current value, the amount you want to borrow, any refurbishment budget, expected end value and your intended exit. We may then ask for supporting evidence such as comparable values, a builder's quote or cost schedule, company information and identification as the deal progresses.
No. Borrowers can approach PropertyLend directly. We also work with introducers and property professionals, but you do not need a broker to ask us to assess an opportunity.
Potentially, yes. We look at the whole opportunity rather than relying on one factor alone. The property, borrower contribution, works, supporting evidence, security and exit all form part of our assessment. We may ask for additional information or security where appropriate.
Typical exits include selling the property or refinancing onto longer-term finance once the project or value-add works are complete. We want the proposed exit to be clear and credible from the outset.
Our current proposition has no exit fee. The exact repayment terms, interest treatment and any minimum interest period will be set out clearly in the facility documentation before you proceed.
Additional security may be requested depending on the transaction. This can include a personal guarantee. Any additional security requirement will be discussed with you as part of the assessment and set out in the formal terms.
Speak to us as early as possible. We assess changes and extension requests on their individual circumstances. Raising an issue early gives us the best opportunity to understand the position and consider an appropriate solution.
Short guides to help borrowers prepare stronger opportunities and understand how we assess them.
A simple checklist covering purchase, works, end value, evidence and exit.
What PropertyLend looks for when assessing the proposed repayment route.
Why a lender may consider more than 75% of the purchase price on the right deal.
Start with the property and the numbers. You can get an indicative offer in a few minutes.
