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App Form


Product Guide


MSXC Product Guide


ESG Product Guide


Bridging Loan

A bridging loan is a short term loan that is secured on a property and can be used to gain large sums of money. This is usually used for purchasing property, or refurbishments to a property.

Auction Finance

Investors looking to buy property at auction often need auction finance. The main benefit of auction finance is the speed at which funds can be delivered.


Loan amount divided by Value of the property/purchase price.

First Charge

Is a lender that owns the charge on the land registry on behalf of a customer’s property. This would mean they would need to be paid first if the property is redeemed, or the customer is unable to pay back the loan.

Second Charge

Ranking behind the first charge, this secures a second loan to any remaining value on the property after the first charge has been dealt with. Example: if a £100,000 property has a first charge of £50,000, some of the remaining £50,000 can be secured as a second charge.

Capital Raise

The client already owns the property and is raising money on it. Using such money to purchase another property, business purpose, pay debts and conduct work on the property.


The customer owns the land.


Ground rent for a period of time. If it is less than 50 years can devalue the property.

Full Valuation

A check of the property in question to assess its worth and suitability for the lender.

Desktop Valuation

Completed by an independent valuer using publicly available information to access the value of the property.


Automated Valuation Model is a computer program that uses real estate information such as comparable sales, price trends, as well as other pieces of information to give a current estimate of the market value for a property.

Decision in Principle

An application which is likely to be accepted given the information provided. This is not a legally binding contract and can be changed when further information is given.

Credit Search

This is a check made by the lender to see how well the customer has handled credit, or money in the past.

Gross Amount

The amount of interest and fees that the customer is borrowing.

Net Amount

Total that client receives after all deductions.

Retained Interest

The lender retains the interest out of the gross interest.


Annual Percentage Rate refers to the interest rate over a year.

Bank of England Base Rate

A set rate by the Bank of England.

Exit Strategy

Having a plan in place to pay back the loan borrowed. For instance having a buyer in place for when refurbishments to the property are finished, paid for by the loan borrowed.

Additional Strategy

A client may choose to provide additional security to secure a higher day one loan amount.

Term Length

The length of time needed to repay the loan.

Arrangement Fee

Is an administration fee that is billed by lenders to arrange the funds for a loan.


If repayments of the loan fail to be paid on time the customer would be in debt to the lender.


A property free of any encumbrances, such as mortgages, or loans.

Land Registry

A record of information showing a properties ownership, as well as interests affecting the land.

County Court Judgement (CCJ)

A court order against a person that has failed to keep up with the repayment of their debt.


This is a property that is used for business purposes.


This is a property that is used for both residential and business purposes.


This is a space, or area without buildings that is used for residential and commercial purposes.


HMO’s are House in Multiple Occupancy. This can also be known as a ‘House Share’.

Indemnity Policy

This is an insurance policy designed to cover any costs that may arise owing to a defect that has been previously stated in a property’s title which may result in a financial loss.

Have any questions or concerns?

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