Short-term property finance loans covering Somerset
Do you own or are you buying land, or have a property project, and require funding? Here at Charterbank we have a wealth of knowledge in all areas of short-term property finance loans and over 40 years combined experience in the professional property, lending and commercial finance sectors.
From our offices in neighbouring Devon, we utilise in-house valuers and underwriters who are highly experienced in all types of property and cases. Using local knowledge of the Somerset property market, we can offer borrowers the flexible loan facilities they require across the county. Within rural areas and hubs such as Taunton, Bath, Yeovil and Minehead – we provide finance for new builds and smaller-scale multi-unit developments, as well as office conversions, refurbishments, barn conversions and auction purchases, with loans secured against land and property.
• Loan products from £26,000 – £500,000 • Terms from 3–12 months • Rolled up interest option • Up to 65% LTV (net) • Fast and flexible ‘in house’ valuations • Fees added to the loan • Rates from 1.39% per month • Loans to Ltd companies • True self cert non-status lending Direct access to underwriter and decision maker • Immediate decision in principle
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Why choose Charterbank?
We make quick funding decisions. This aids borrowers who often require funds within a very short period from the date of their application.
We appreciate it is essential to process individual cases quickly and efficiently and can meet the shortest of timescales while giving decisions that you can rely on. Applicants, introducers and brokers can apply for a loan with confidence knowing that the application will be dealt with expediently and with a high degree of care and advance due diligence. We aim to respond to all new enquiries within 12 working hours and produce in-principle lending terms immediately wherever possible.
Speedy and flexible loan facilities for Somerset
Charterbank Capital is not dependent on external sources of finance or 3rd party decision makers, enabling us to tailor the terms of our loans to suit the requirements of our customers in Somerset. Across the county there are a range of property opportunities that we regularly encounter.
With a number of large town hubs in the county, there is a growth in new builds and multi-unit development projects. Somerset is home to a strong agricultural economy. Local farmers are often considering commercial expansion or diversification opportunities – such as changes in farmland use to renewables and farm buildings to holiday use – whilst money from London is being invested in lifestyle land and property purchases. In North Somerset, the redevelopment of the nuclear power plant at Hinckley Point is already having a clear impact, with property developers and investors having come to the area.
About Charterbank
Charterbank Capital is a principal lender (not a broker) providing fast non-status finance for property development and refurbishment, auction purchases, bridging arrangements, farming and agricultural development, and business property transactions throughout Somerset and nationwide across England and South Wales.