
Secured Loans in Northern Ireland
As a Business Loan Broker with offices in North Yorkshire, I was asked to arrange a Business Loan to be secured as a second charge on the Directors residential property.
I have never been asked to arrange business finance for a Company registered in Northern Ireland before, when we were having our initial telephone discussion, I assured my newly ound Client that the proposal was easy and would soon be arranged.
How wrong could I have been, to my amazment my usual go-to Lenders all rejected the proposal because it was in Northern Ireland. I could not understand whyall my funders would happily lend in England, Wales and Scotland, well most in Scotland, but said no to Northern Ireland.
This was like a 'red rag to a bull' to me. I could not understand the attitude of Lenders and still can't.
But, Good News... through my determination to get this proposal accepted, within 48 hours I found a funder that would happily accept the deal, not only accept it, but on great terms.
- Lend up to 70% loan to value on residential property
- Fixed rate throughout the term at 0.98% pcm
- Term can be up to 18 monthbridge
- No payments to service, all interest 'rolled' till the end of the term
- No Early Repayment Charge - ERC
- Second charge on title without disturbing the fbank who had first charge
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