Our interest rates and other charges

Initial consultation - Free
When you make an application, the first thing we will do is come and see you to discuss your proposition. We do not charge for this consultation.

Arrangement fee
If we can agree a loan for you, we will send you an offer letter setting out any terms. If you want to accept that letter we will ask you to pay an arrangement fee, which is usually 1.0% to 2.5% of the loan amount.

Security documentation - Free
When you pay that arrangement fee, we will prepare the agreed security documents and we will reserve the agreed amount of money for your use. We do not normally make any additional charge for arranging security and we will tell you in advance if any costs are involved.

Interest rates - Variable
Interest rates will vary according to why you want the loan, your financial strength and any security available.  Our normal range is 2% to 7% above the clearing banks’ base rate.

Early repayment – No penalty
If you are more successful than you expect, you may want to repay the loan early.  We make no extra charge for early repayment fee.