Questions & Answers
Choosing the right lender is imperative for professional introducers and their clients who need short term funding quickly. We have therefore outlined some simple Questions & Answers to give you more information about Oakbridge.
How much can Oakbridge lend?
We normally lend up to £2,500,000 although higher amounts can be considered.
How long can Oakbridge lend the money for?
Our facilities are typically for between one and six months although longer terms can be considered.
What Interest Rate and Arrangement Fee will be charged?
We do not have standard Interest Rates or Arrangement Fees as these are based on the individual characteristics of the transaction. Generally monthly interest is charged at between 1.00% to 1.50%, calculated on a daily basis, with an arrangement fee of between 0.50% and 1.00%.
Can interest and fees be rolled up?
We are able to consider adding interest and fees to a loan.
Are there any additional processing or exit fees?
There are no hidden charges and we do not charge processing fees or exit fees.
What security will Oakbridge require?
We will require a mortgage over a property asset(s) and in addition, in the case of a corporate lend a Debenture and Directors guarantee.
How quickly can Oakbridge make a decision?
We can give an immediate “in principle” decision.
Can Oakbridge lend to offshore companies?
We are capable of handling transactions where the borrowing vehicle is based offshore.
Who can Oakbridge lend to?
We are able to provide facilities to individuals, limited companies, LLPs, sole traders, partnerships, SIPPs, SSASs and Trusts.
Can Oakbridge take property located anywhere in the UK as security?
We are prepared to provide funding secured by properties located anywhere in the UK.
Does Oakbridge accept second charges over property as security?
We are happy to consider second charges.
