easyMoney lends to property professionals, we have 3 types of loans:
1. Bridging loans are short-term, fast and flexible loans for property professionals to help with UK real estate. They’re generally between 3 and 24 months. We lend up to 75% loan-to-value (LTV).
2. Development loans are loans for building and developing UK real estate. We lend a maximum of (a) 75% of the current value of the property held as security, plus (b) 100% of development costs. Total lending under (a) and (b) including all interest, fees and other costs, is capped at 70% of the anticipated gross development value, which is the price the valuer anticipates the completed property/development will sell for.
3. Mid-term loans which act in the same way as a traditional bridge loan, the underwriting is the same and we take a legal charge on the property. The maximum LTV is 75%. The assets for these loans however, are income producing, such as student university accommodation or hotels, and the interest is serviced monthly. The borrowers want to stay with easyMoney for a longer period of time than a bridge loan, typically 3-5 years.
We select the loans you invest in provided they meet our strict lending criteria.
You can always see what type of loan you invest in by signing in to your account and selecting ‘My Portfolio’ 'View Loans'
Good to know
Given our decades of property experience and conservative approach to lending we approve only a small number of the applications we receive.