Secured Commercial Loans

Credit Criteria

Business established minimum of 3 years.

• Home owning PG's
• Creditsafe search 
• Tangible Net Worth 
• No late filing of statutory accounts considered

All business purposes considered.

Terms

Fixed rate non-regulated commercial loan.

Finance Term: Typically 1 – 5 years
Min – max advances: £50,000 - £300,000

Security

1st or 2nd legal charge only.

Combined maximum LTV 67.5% based on KAFL property valuation.

Residential property (not Buy to Let), or commercial property located in England or Wales (not Scotland or NI) as security.

Fees

Standard documentation fee: 1.2% of advance

Legal fees: £750 + VAT (estimate) payable prior to instructing solicitors

Pricing (subject to credit)

Minimum net yields to KAFL: 9%
Broker commission: Refer to underwriter

All new proposals should be sent to the following email address
newbusiness@kingsleyaf.co.uk