URGENT UPDATE REGARDING THE IMPACT OF COVID-19
Posted in: General | Posted on: 18 March 2020
In light of the current uncertainty of the impact of the coronavirus on businesses and the escalation of recent government announcements, we have taken the decision to temporarily restrict our lending to hard assets deals (including refinance deals) and unsecured lending to the professions only. We are doing this in order to protect our lending for the future.
With immediate effect we will not be entering into, nor considering, any proposals for unsecured loans to corporates nor any soft assets deals. Any acceptances that have not expired are immediately withdrawn. Any signed documents will be returned to the client as will any Document Fees.
We will review the situation again on 1st April and regularly thereafter and advise you of any further changes.
We have not taken this decision lightly but we have been forced to do so in these unprecedented times and I hope you can understand our position.
Should you have any queries, you can email us on email@example.com
Thank you for your continued support and we continue to look forward to working with you.
Kingsley Asset Finance