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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...
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...
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...
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...
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...
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...
Alternative finance needs an alternative
The rise in popularity of crowdfunding as an alternative to bank lending is seeing it fast become a mainstream source of borrowing but there remains a gap in the market according to Clive Banks, a Director of Bricks Finance. He said: “Crowdfunding has revolutionised...
Trading Update
In the 18 months since we made our first loan we have achieved excellent progress towards our goal of £5 million by the end of our financial year. Our lending total stands at £3.8 million, with a steady pipeline of new business opportunities through our expanding...
Interest rate cut taxes hard-pressed savers
Local investment can earn 4 or 5 times more than the new interest rate return. The record low interest rate announced by the Bank of England last week will hit savers hard according to Jerry Rihll, a director at Exeter based Bricks Finance. He said that there is a...
Trading Update
Portfolio review: Bricks has made ten loans since its start, almost 18 months ago, totalling just over £2 million. Two of the ten loans (total £190,000) have already been repaid in full, whilst another two (total £600,000) are due for repayment by the end of June. We...
Lending — Balance Sheet vs Intermediary?
Most marketplace lenders are intermediaries, not principals. They originate loans for investors, not for their own balance sheets — i.e., they retain no credit risk. Intermediaries, it is said, lack ‘skin in the game’ full alignment with the providers of capital. This...
Bricks Finance is introduced to the business community
Intermediaries hear of ‘extraordinary opportunities in the alternative finance market’. Representatives from the South West financial community including financial advisers, corporate finance specialists, developers and banks attended a breakfast event on Tuesday to...
New South West Lending Business
A new lending business has been started in Exeter by four well-known and highly successful local business people. Bricks Finance Limited will fill a gap in the market for swift, bespoke asset-based lending to local high net worth individuals and businesses based on a sensible, rapid and transparent approach.