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.