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Bricks

NatWest Director Joins Bricks

The growth of Bricks requires extra work on both selecting and managing loans through their life, to ensure we maintain our standards. We are excited to announce that the former South West Relationship Director of NatWest and familiar face in the local...

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Market Update

Failed peer-to-peer platform Lendy is an example of why investors in the P2P sector need to be wary of chasing higher yields without fully understanding the risk involved. You may have read that investors were attracted to the offer of a fixed 12% return....

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More Accountants Are Referring Clients to Non-Bank Lenders

Accountants are the number one external trusted advisor to business leaders, and so it is significant that 66% of accountants are now referring their clients to external lenders as alternative finance options become more mainstream. According to a new survey...

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Orchard Court, Somerset

Jon Evennett, a housebuilder for the past 16 years in the South West, describes his initial contact with Bricks Finance to discuss lending for his latest project - an exclusive development of four and five-bedroom homes in Somerset - as being like a breath of fresh...

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In The Press

Bricks recently featured in DevonLife Magazine, a publication that shares our enthusiasm for the South West. Take a look here.

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Trading Update

Nobody can predict the final outcome of our Brexit negotiations with Brussels. However, we want to reassure you about the resilience of Bricks. Being authorised and regulated by the Financial Conduct Authority ensures our good governance and responsible practices. We...

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Loan Location, Location, Location

This map shows the locations of our loans since we began in 2014 including Aylesbeare, Bridgwater, Chepstow, Churchinford, Exeter, Exmouth, Frome, Helston, Illminster, Kingsteignton, Launceston, Longburton, Looe, Long Sutton, Maenporth, Newton Abbot, North Tawton,...

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Trading Update

Welcome to the New Year. A very uncertain year, and whilst we continue to grow, we are doing so more cautiously. We have three sets of eyes on every lending request and turn down many that we feel just might be problematic. Many borrowers are needing money for longer...

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Fraud Risk

Part 1 – email security We take security very seriously and wanted to highlight some of the risks of using email. People often think email is secure, but it isn’t. It’s like sending a postcard by Royal Mail, anyone can read it. So when you send personal information by...

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Trading Update

Whilst the media hype still seems to be about the fintech companies, particularly Funding Circle and its floatation, we continue to do “sensible lending”. Our approach is still a personal one. We meet all of our borrowers and inspect assets offered as security in...

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Pensions – SSAS vs. SIPP

A Small Self-Administered Scheme (SSAS) is a pension trust set up by a limited company or a partnership. These schemes are created primarily by private and family-run limited companies for the benefit of the owner, directors and senior employees. An SSAS provides much...

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Trading Update

We continue to follow a policy of striking the right balance between minimising risk, whilst growing our portfolio for the benefit of an increasing group of individual investors.

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Lending Chronicles

In the past your local bank manager would know about your churchgoing habits, or lack of them; he’d know all the stories about you and your family; he’d know what your boss said about you. He would know how you were regarded by your professional advisors. Then, he’d...

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Trading Update

Over the past three years we have helped 35 borrowers realise their dreams with our investment in projects throughout the Southwest - projects that otherwise might not have happened. At the same time, we have paid over £500,000 in interest to our investors. There...

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Trading Update

We now have 19 active loans. We have made total loan offers of over £25 million in the 30 months since we made our first loan in May 2015. In September 2016 we reported total lending of £3.8million and one year later we have more than doubled this with total lending...

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Bricks Breakfast Briefing

On Thursday 15 June, 27 delegates joined us at the Mercure Hotel in Exeter to discuss how property finance is evolving and where Roger Wilkinson (founder of Wilkinson & Grant and former advisor to the Guild of Professional Estate Agents) gave the keynote speech...

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Trading Update

We now have 21 lenders who earn interest of £386,000 per annum. We made loan offers of £17.7m in the year, issued 19 new loans and received 8 loan repayments. Our lending has been wide and varied but as a theme, has supported individuals and businesses in the South...

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FCA Authorisation For Exeter Finance Business

Exeter and East Devon based Bricks Finance has announced that the business has now been authorised by the Financial Conduct Authority (FCA). The FCA is the UK’s financial regulatory body overseeing the conduct of financial firms that provide services to consumers and...

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Trading Update

We have the advantage that we can react quickly. We meet all prospective clients face to face, review the opportunity, value the security and then make a decision based on our collective experience. We only invest when all four of us unanimously agree to do so. All of...

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Bricks Finance To Sponsor STEP Event

An Exeter based business that provides bespoke loans to the regional business community is to sponsor the STEP South West branch meeting in November. The event will be held at Sandy Park Conference Centre, the home of Premiership rugby side Exeter Chiefs. Trust and...

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