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Adverse credit loans are available now for a variety of properties and for a variety of uses. Adverse credit loans for mortgages, loans, bridging and development finance are available through Think Commercial.
Sole traders, partnerships, limited companies and pension funds are eligible to apply for adverse credit loans. In most cases adverse credit loans will be accepted with a self-declaration of income. The terms and conditions for adverse credit loans will allow for adverse credit such as arrears, CCJ’s, bankrupts, IVA’s and CVA’s and defaults registered against individuals and companies.
Acceptable security for adverse credit loans includes all property structures, land with or without planning permission and developments will be considered in England Scotland and Wales. Leasehold properties will be considered provided the lease has a minimum of 50 years plus the term of the loan to run. Adverse credit loans will lend up to 80% of the value of property on certain property types. This can be increased with additional security.
Adverse credit loans can be either CCA regulated or on an unregulated basis. |
