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Property Finance

Our finance options start with rates from 0.99% per month, and unlike many mainstream lenders, our decisions are based on commercial viability without credit scoring. Terms range between 1 to 180 months. Loans are available for buy to let and speculative portfolios, development land, refinancing, residential and commercial property purchase, capital raising, refurbishment loans and conversion loans.
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What we finance

We will look at all sectors and most types of properties, including:

Car wash garage
Golf course
Lock-up garage
Petrol station

Caravan park
Horse livery yard

Fish and chip shop
Care home
Retail shop

Commercial land
Showman yard
Leisure park

Bridging/auction finance

Bridging finance is a short-term solution suitable for borrowers who find themselves in a situation where they urgently require funding. Clients have used bridging loans to successfully deal with tax liabilities, temporary cash flow problems, acquiring buy to let properties, auction purchases and property refurbishments. Eastern Credit has extensive experience in arranging short-term funding to quickly meet clients’ needs. To find out more, give us a call or fill out our contact form.

Business secured loans

Key product features:

• Assist new starts as well as established businesses for working capital
• Repayments of HMRC and other debts
• Restructuring existing business debt
• Borrow for specific projects or to acquire a new business or premises

Development finance for residential, commercial and industrial

We remain flexible on our levels of lending to property value for viable propositions. Generally, we restrict exposure to 50% of property value, but, will increase this percentage with the provision of additional security or profit shares.

We are pleased to consider profit shares and minimum guaranteed exit fees where appropriate. Our maximum term is 36 months for development loans.

Key product features:

• Ground-up developments for residential and commercial new build loans
• Converting properties from commercial and residential
• Property refurbishments and extensions
• Barn conversions