A Private Network
Private lenders, often affluent individuals or family offices with substantial reserve funds, offer a unique avenue for financial solutions and, as such, form a dynamic facet of our financial network. While we maintain connections with mainstream lenders, there are instances where the unique attributes of private lenders become invaluable. Whether the need is for swift execution, fewer queries, or favourable terms, private lenders offer a level of flexibility unbounded by the regulations governing mainstream counterparts.
Although private lenders operate outside the regulatory confines of mainstream institutions, establishing a relationship with them involves a personalised approach. While they may eschew lengthy document submissions and extensive interrogations, private lenders seek to acquaint themselves with you, your track record, and similar projects. Ultimately they are generally more focussed on building trust and your ability to perform; this is paramount as once it is established, this paves the way for ongoing collaborations.
Fast Transactions
Private lending finds its niche in scenarios such as Auction finance, Bridging, and Development finance deals, particularly when time is of the essence. Private lenders display a penchant for expeditious action. Some are known to bypass extensive queries and directly engage in legal processes, utilising online tools for property research. Seasoned property professionals, cognizant of the challenges of mainstream lending, often prefer this route to avoid exhaustive documentation and extensive questioning.
Cash transactions, off-market deals, and situations where traditional lending is impractical, such as the purchase of uninhabitable properties or when speed is imperative, are ideal scenarios for considering private lenders.
Contact Us
We`re here to support you.
At the Mortgage Collective you will get a dedicated adviser that is CeMAP qualified who will help you throughout the entire process. They will take time to understand your circumstances and provide advice that right for you.
0203 923 9333
brokers@mortgagecollective.co.uk
