Questions & Answers
Choosing the right lender can be as important as choosing the right property therefore we have outlined some simple Questions & Answers to give you more information about Oakbridge.
How much can Oakbridge lend?
Our facilities generally range from between £100,000 and £2,500,000 however, we are happy to consider lower and higher amounts.
How long can Oakbridge lend the money for?
Our facilities are typically for between three and six months although shorter and 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.
What security will Oakbridge require?
We will require a mortgage over the property securing the facility and/or another/other suitable security depending on whether you borrow the funds in a personal or company name.
How quickly can Oakbridge make a decision?
We can normally provide an immediate “in principle” decision.
Can Oakbridge lend to offshore companies?
We are capable of handling transactions where the borrowing vehicle is based offshore.
Can Oakbridge lend to an individual, sole trader, partnership or a company?
We are able to provide facilities to private individuals, sole traders, partnerships and limited companies.
Can Oakbridge lend to a LLP, SIPP, SSAS or Trust?
We are able to provide facilities to a LLP, SIPP, SSAS or Trust and use only professional advisers who are capable of handling these transactions.
Can Oakbridge take property located anywhere in the UK as security?
We are happy to take property located anywhere in the UK as security for a loan.
Does Oakbridge accept second charges over property as security?
We are happy to consider second charges over residential property and commercial property.
