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Nucleus

Property Finance

INTEREST ONLY LOANS

A secured business loan backed by residential or commercial property up to £20m. Repayments are based on an interest-only agreement that is paid monthly and then the loan is usually refinanced as a term loan, at the end - either with Nucleus, or another lender.

Interest only
Up to five years
£25k to £20m
Use for start-up capital

What is an interest only loan?

A Property Finance, interest-only term loan has a fixed term of up to five years, allowing you to really get your business going or turn your situation around with the minimum monthly repayments. This is ideal if you are looking for start-up capital, or need to free up as much working capital as possible in a turnaround situation, for example.

Once the repayment schedule and term length has been agreed and your property valuation has been confirmed you will receive your loan amount in full. 

Interest only loans differ from bridging and term loans in the way that they are repaid. Term loans have monthly repayments gradually reducing an outstanding balance, where as with bridging loans a one off ‘bullet’ payment at the end of the term, settles the outstanding balance. With Interest only Nucleus collect monthly interest repayments, leaving the capital and one month's interest to settle or refinance at the end of the term.

To learn more about property finance download our fact sheet

HOW IT WORKS

Due to the nature of all Property Finance products, the time it takes from application to funding with an interest-only term loan varies, but is typically two to three weeks. To speed up your application, make sure you have employed a capable solicitor prior to application and have your documents readily available.

STEP
-1-

You identify that your business needs finance and make an enquiry.

STEP
-2-

We call you for a consultation and confirm that your business is eligible.

STEP
-3-

You send us your documents and we send you an offer.

STEP
-4-

We complete a valuation on the property that you own.

STEP
-5-

Once all the legal work and documents have been completed, you receive funding.

CHECK ELIGIBILITY

Other types of property finance

Eligibility

  •  Property owner in England or Wales
  •  From start-up
  •  Registered in England and Wales

Documents

  •  Latest three months business bank statements
  •  Full set of business accounts
  •  For start-ups: cash flow forecast and business plan
CHECK ELIGIBILITY

More Information