Homeowner Business Loan

A homeowner business loan is a loan used for business purposes that is secured against a property you own. This security allows us to offer lower rates, higher loan amounts, and more flexible approval criteria than unsecured loans.

No. We don’t require bank statements, trading history, or business plans, making it easier and faster to access funding. All we need to lend is a property we can use as security and a clear exit plan.

Yes. We consider applications on a case-by-case basis, and bad credit does not automatically disqualify you. We lend based on the value of the property.

We can lend form £27,500 to £3,000,000.However, there is no hard and fast rule as each deal is assessed on its merits. How much you can borrow depends on the value of the property used as a security and other factors including credit.

Rates start from 0.71% per month depending on your individual profile and loan details. Representative example: Based on interest only bridging loan. If you borrow £100,000 over 1 year at a rate of 0.6% pcm / 7.2% p.a fixed for the term, you will pay 12 instalments of £600 per month and a total amount payable of £109,850. This includes repayment of the net loan, interest of £7,200, an arrangement fee of £2,000 and administration fee of £650. The overall cost for comparison is 9.85% APRC.

Funding can often be arranged in a matter of days, depending on the complexity of your application and we aim to approve loans, subject to a valuation and underwriting, within 30 minutes of your application. Once you agree to the decision in principle the completion time is up to you and your solicitors. The time scale depends on a few factors beyond our control such as second charge consent, if applicable, and the availability of local surveyors and your solicitors but we have been known to complete a case within 14 days. If your case is urgent and you need a quick completion, please advise your case manager as to the deadline date and the reason why, we will then be able to offer a fast track service.

Yes. To qualify, the business owner or director must own property, which is used as security for the loan.

No monthly payments are required. Interest can be rolled up, meaning you repay everything at the end of the loan term.

Funds can be used for ANY business purpose, the list is exhaustive. Some of our most common loan uses include: Purchasing an investment property or a premises Refinancing an existing loan Short term emergency finance Renovation or refurbishment of a property Business cashflow Landlords needing equity release Working capital Purchasing stock or equipment Paying staff or suppliers Expanding or acquiring a business Paying a tax bill Growth plans Funding a management buyout If you don’t see your business purpose above, we can still look to lend. Talk to our team about how we can help.

We work with a wide range of businesses, including: Self-employed individuals Start-ups Limited companies Sole traders