Obtaining a commercial mortgage, bridging loan or development finance if you live in Scotland isn’t easy.
For some reason, lenders find it harder to justify lending North of the Border and even residents in larger cities like Glasgow, Edinburgh, Aberdeen and Dundee will struggle.
Fortunately, we lend our own funds in Scotland and whilst we are restricted to a maximum loan of £900,000, we expect that to cover most lending scenarios.
Unfortunately, we can only offer commercial mortgages and short term bridging loans currently but we expect to be able to offer development finance before too long.
We have already completed some smaller deals in the following areas:
Scotland Property Conveyancing
There is no question that things do work differently in the property market in Scotland because the legal process (conveyancing) is different, especially when it comes to repossession of a property. This is one of the main reasons why lenders are reluctant to lend in Scotland although to be fair, a commercial mortgage poses less risk to a lender than a bridging loan.
With a Commercial Mortgage you can use the funds for almost any purpose. You choose a repayment term between 2 and 30 years
Bridging finance is a short term funding facility available for up to 24 months. Allowing you to immediately take advantage of any opportunity.
We believe that the key to good business is relationships and all of our team are available 7 days a week to discuss a new case or enquiry.
Although we started off lending initially near our base in Liverpool, it was obvious pretty early on that our bridging loan proposition was becoming popular and demand has increased month on month.
Hence, we introduced our short term lending service to Scotland in Mid 2016.
Please note: Our own funded property loans are only available to direct applicants – Not brokers or Introducers.