Types of loans
Downsizing
Downsizing explained
However much you have prepared for retirement or downsizing, you might not have enough money for all the things you planned to do. Our downsizing loan is designed to unlock the value that has built up in your home.
If you own your own home, our downsizing loan can help you draw a lump sum while remaining in your home. Mortgages on your own home are regulated by the FCA meaning you are protected from incorrect advice or mis-selling.
What our customers say
Frequently asked questions
Does Bricks Finance provide financial advice?
Bricks Finance does not give financial advice or recommendation. It is up to you to seek advice from an authorised person who specialises in advising on non-readily realisable securities. Your capital is at risk and is not protected under the Financial Services Compensation Scheme.
Am I eligible to receive a bridging loan?
Contact us and we will tell you if you qualify for a Bricks Finance bridging loan.
What security do you accept for bridging and short term loans?
Bridging loans can be arranged against land, investment properties, commercial properties, or high value assets. The secured properties don’t have to be owned by you but could be pledged by a guarantor.
How do I calculate how much I could earn from my investment?
Use our investment calculator or contact us for a quote.
Can I get a loan even if I am retired?
Yes, Bricks Finance lends to people who are retired. You can apply now by contacting Tracey Abbott, our Head of Lending, by calling 01392 345778 or use our contact us form.
Is Bricks Finance a peer to peer (P2P) lender?
No. Everybody, including the Bricks Finance founders and families, place their money in the same investment fund and then the Bricks Finance founders decide who the fund lends to.
What happens if I need the money I loaned to Bricks Finance before the maturity date?
Although we are under no obligation to repay loans early except as specified in each loan document, we will consider the circumstances and, if cash reserves permit, repay early if there is a compelling need.
As a short term loan investor, how much can I invest?
Between £50,000 and £2,000,000.
What’s the maximum amount of money I can borrow?
Between £50,000 and £2,000,000. Larger loans may be possible.
Is the whole loan process managed online? If so, how can I apply?
You can apply online now by using our contact us form and we will respond within 24 hours. Or you can just call us on 01392 345778.
As Bricks Finance is authorised and regulated by the Financial Conduct Authority, am I covered by the Financial Services Compensation Scheme (FSCS)?
No, money you lend to Bricks Finance is not covered by the FSCS.
How would Bricks Finance cope with a dramatic downturn in the UK property market?
Because the security documents create security over property or assets, if there were to be a dramatic downturn in the UK property market, or other markets, this could affect borrowers’ ability to repay the amounts due to Bricks Finance. However, even if the value of the security falls the borrower could continue to pay the interest and the principal as it falls due. We pass the Bank of England stress test of a 31% fall in UK residential property values.
What are the different types of bridging loans available to businesses?
Bricks Finance provides regulated and unregulated bridging loans to individuals, trusts and businesses.
How would borrowers and investors be affected if there was a dramatic increase or fall in UK interest rates?
Every Bricks Finance borrower and lender signs an agreement with a fixed interest rate and consequently we are independent of UK interest rate changes.
Do you offer short term and long term loans?
We offer loans from 3 to 36 months.
Why do you only lend to projects in the South West?
We also lend to people in Wiltshire, Gloucester, Oxford, Bucks, Berks, Surrey, Hampshire, Sussex, Dyfed, Glamorgan, Gwent, Hereford & Worcester, Powys. We do like to meet everyone and see the project before we make any loan.
How long can I invest for?
Following a minimum term of 12 months, we have options for 6, 9, or 12 months’ notice.
How long does it take to arrange a loan?
We have made loans as quickly as two days from initial request.
Where does the funding come from for each loan?
We use our own family money plus funds from a small group of investors. We do not rely on institutional funding and can therefore make quick decisions on new loans.
Are your bridging loans regulated or unregulated?
Both, Bricks Finance offers regulated and unregulated loans.
How long can I invest for?
Following a minimum term of 12 months, we have options for 6, 9, or 12 months’ notice.
When I lend to Bricks Finance, what is the main risk?
The main risk is that we are unable to continue to make the interest payments when they fall due or to repay the loan principal amount when it falls due. In order to minimise that risk: (i) We meet and check the creditworthiness of every borrower; (ii) Certain security documents are entered into between Bricks Finance and the borrower (apart from probate loans) to secure the total amount repayable under the loan contracts against a property or other assets owned by the borrower; and (iii) We request certain due diligence material, check valuations, and a certificate of title, or we take secure possession. These steps help to reduce the risk of Bricks Finance losing its capital but does not completely eliminate the risk.
Do you offer personal loans as well as commercial loans?
Yes, Bricks Finance lends to people, trusts and businesses.
Do you offer loans for pensioners?
Yes, Bricks Finance lends to pensioners. You can apply now by contacting Tracey Abbott, our Head of Lending, by calling 01392 345778 or use our contact us form.
How can I calculate the cost of a bridging loan?
Use our loan calculator or contact us for a quote.