Complex Loans

What are complex loans?

Complex loans occur when a borrower, who seeks a loan, is not able to get one easily.

They differ to normal loans since they are not straightforward tick-box exercises.

The majority of lenders will not budge on their strict underwriting criteria and consider these applications time consuming or too much hard work.

They prefer the straightforward loans for purchases and refinance with an automated approach, which, in today’s world, is not always practical as each individual has their own unique circumstances and background.

Bridging loans come into their own when used for complex circumstances e.g. the need to facilitate a property purchase that otherwise wouldn’t be possible.

One example is those who haven’t yet sold their existing home but need to complete on the purchase of their next.

They can also be used to bridge breaks in property sales chains, to refurbish a property into a habitable and mortgage-able condition or for replacing existing finance.

In fact, there are many situations where bridging loans could help provide a solution to a complex circumstance, such as the following:

• Meeting transaction deadlines
• Broken chains
• Missed mortgage
• Released capital
• Replacing existing finance
• Non renewal from existing lender
• Business cash flow
• Short term working capital

• Divorce settlements
• Annulment of bankruptcy
• Default
• Transferring from individual to company
• Tax, liabilities, IHT,CGT, VAT
• Discharging adverse credit
• Exiting IVAs
• Repairing CCJs

Read our complex loan case studies