Specialist and non-bank lending
Don't fit the bank's boxes?
Non-bank and specialist lenders fill the gaps banks leave: past credit problems, irregular income, a short trading history, complex security or unusual properties. Rates and fees are usually higher, so the plan often includes a path back to a bank once things settle.
Who it suits
- Borrowers with past defaults or arrears
- New businesses or recent job changes
- Unusual properties or securities
- Borrowers needing a short-term solution
What lenders look at
- The story behind any credit issues
- Your ability to repay now
- Equity and the quality of the security
- Your plan for moving to a bank later
What to prepare
Tick them off as you go.
Questions to ask
- What are the total fees, including establishment fees?
- Is there an early repayment fee?
- How long until I could move to a bank?
- What would make my application stronger?
Everyone's situation is different. Lenders weigh things differently and small details change the answer. An adviser can tell you where you stand with specialist and non-bank lending and what to do next.
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Guides
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Tell us what you're planning and an adviser will work through your options with you.