Everyone at Acre Lane Capital believes in you, the property professional; your desire to dream, innovate, create, and build. You are an extraordinary person, and we believe in helping you to help yourself
- Loans to allow ground up development of residential buildings - Property situated in England and Wales - Max LTGDV 65% - Max LTC 80% - Rates from 0.9% p.m.
- Loans to allow sales on new builds to be achieved, or completed (the development needs to be at minimum up to DPC) - Property situated in England and Wales - Max LTV 70% (finished) - Rates from 0.85% p.m.
- Auctions, cash flow needs etc. - Loans made for business purposes and secured on investment properties - Property situated in England and Wales - Max LTV 70%, rates from 0.85% p.m. - No Stuctural work allowed
- Loans made for business purposes and secured on investment properties - Property situated in England and Wales - Max LTV 70%, rates from 0.85% p.m. - Refurbishment allowed but no Structural work allowed
- Loans made for business purposes and secured on investment properties - Property situated in England and Wales - Max LTGDV 70%, Max LTC 80% - Stuctural work allowed; no basements, and no ground up development
- Loans secured on multiple residential properties with geographic diversity - Property situated in England and Wales - Max LTV 70%, rates from 0.85% p.m. - Max size £10 Mill
- Fast Loans completed within the auction timetable - Loans made for business purposes and secured on investment properties - Property situated in England and Wales - Max LTV 70%, rates from 0.85% p.m. - Stuctural work allowed; no basements, and no ground up development
- A loan to allow the borrower to buy assets out of receivership - Residential House(s) and/or flats - Property situated in England and Wales - Max LTV 70%, rates from 0.85% p.m. - Max size £5 mill
Bringing Back Honesty - What does it mean in Practice?
As a practising Christian, I often challenge myself with the question; "Are we acting ethically, and can we deliver what we promise?”
From when we issue the Decision In Principle, we will honour those terms and do as we say, unless the risk changes. If so, our reaction will be commensurate. We don’t deliberately promise unachievable deadlines can be met. We offer extensions if the borrower has been communicating, and the risk is rational. We know that sometimes borrowers run into problems, our response will be proportionate.
We are fallible, and do undoubtedly make mistakes, for which I apologize in advance. We are not push overs, and if a borrower chooses to breach the spirit, or the letter of the loan terms, we will take appropriate action.
Some of our competitors are less ethical. Some offer teaser rates, which then get increased close to loan completion, or make disingenuous promises of unachievable timelines etc. However, we believe Bringing Back Honesty is the only long-term ethical approach to create a profitable, and sustainable client focused business.
Ian Wilson, CEO Acre Lane Capital Ltd.
How to Get Development Finance or a Bridge Loan
Decision in Principle
The first step in obtaining Development Finance or a Bridge Loan is for you to contact us and provide your basic details; your name, property providing the security, loan size etc. On receipt Acre Lane Capital will issue a Decision in Principle within a couple of hours if the application is made within working hours.
Application Form
If you wish to proceed with the Decision in Principle for Development Finance or a Bridge Loan based on Acre Lane Capital's terms; the next step in obtaining finance is to enter your remaining details of the loan in an application form. Parts of it will already be pre-filled from the original details you gave us at the Decision in Principle Stage.
Valuation and Legals
All being well, Acre Lane Capital will confirm that we can proceed with Development Finance or a Bridge Loan. The next step in obtaining Development Finance or a Bridge Loan, is for Acre Lane Capital to arrange for a valuation, typically around £1,000+. Simultaneously, we will work with your solicitor to document the agreed terms in a Bridge Loan agreement. Once this is agreed, and signed by both parties, your Development Finance or Bridge Loan is binding. This can take 3 days if each party is engaged for a Bridge Loan, although Development Finance typically takes around 3 weeks.
Money Transferred
Once the legal process has been completed, our solicitor will transfer the money to your solicitor within 1 hour.
Leave your Contact Details, and we will call you ...
We will contact you shortly. We know each potential Development or Bridge Loan has a story, we would like to hear it. It should be fast and painless.
Thanks for the application! We aim to be back to you within the hour, unless outside working hours, in which case on our return
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1 Hour to your Decision in Principle
A decision in Principle can be given within an hour of application, if during weekday hours. We can take a Bridge Loan from Decision in Principle to cash in your bank inside 4 days if necessary.
