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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.

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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.