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Lending Criteria

LendCart does not charge investors but we impose a one-time membership fee on borrowers of £1500 to offset the costs associated with our bespoke lending service. Unlike other platforms in the UK, LendCart offers a tailored lending experience that requires additional resources and expertise.

WHO WE ARE

LendCart are a small team of seasoned property finance professionals with considerable experience from alternative lenders, private equity firms and lending funds. We are agile in our product offering and are not constrained by any one metric such as LTV. Every loan is different and we consider all aspects to deliver the best funding solution for our clients.

DEDICATED LENDING TEAM

Each enquiry will be assigned a dedicated lending team who will see each case through to completion.

TRANSPARENCY

We have cut out the bureaucracy and maintain constant communication with you throughout the loan process. 

RAPID PROCESS

We understand what drives the need for finance so we keep our team lean, agile and efficient to ensure we deliver the speed you need.

FLEXIBLE AND CREATIVE SOLUTIONS

Every loan is different and our underwriting is not constrained by any fixed metrics so we can always tailor a bespoke solution for you.

INVESTMENT

We understand property which enables us to take a commercial approach to underwriting.

ASSET FIRST LENDER

The property comes first as the basis of our analysis.

WHY LENDCART

When investing in a development, you need a development finance lender that takes the time to understand your project in detail and provide tailored development finance to your specific circumstances.

Our experienced team will visit your site (new build or refurbishment) and if it’s a project we can support, you can count on us to be with you on the journey from blueprint to reality. We Reliable Development Finance for: 

  • Experienced property developers
  • New build, conversions and refurbishment
  • Residential, commercial and mixed-use developments
  • High value residential projects
  • Student housing, senior living and co-living
  • Care homes
  • Phased development schemes

BENEFITS FOR YOU

LendCart provides property finance with a difference. A dedicated team will handle your application from enquiry to completion. We are committed to greater transparency, flexibility and certainty with your case. The benefits to you include:

  • Dedicated lending team
  • Transparency
  • Rapid process
  • Flexible solutions
  • Asset first lender

DEVELOPMENT FINANCE HIGHLIGHTS

  • Minimum loan size £100,000
  • Maximum loan size £1,500,000
  • Cash/equity contribution to be injected ahead of any platform funding

Any property used as security, including your home, may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

OUR PRODUCTS

LendCart has a range of bridging finance solutions for residential, commercial, semi-commercial and land. Our experienced team understand the complexities that produce the need for financing. Our flexible approach in evaluating each individual requirement ensure we tailor the right solution for our clients and always look for a reason to accept. Get in touch to discuss how we can help.

BRIDGING LOANS

Short-term finance solution for your purchase or refinancing.

REFURBISHMENT LOANS

Bring your property to life with our refurbishment loans.

DEVELOPMENT FINANCE LOANS

Bespoke finance solutions to support your new build or refurbishment project.  Our Development Finance is designed to meet your unique needs and propel your projects to success.

Every loan is different and is individually underwritten. If your requirement falls outside of the below, we can tailor a solution for you so please get in touch.

Property type: residential and commercial
Security: first and second charge
Typical loan sizes: £100,000 – £1,000,000+
Borrower: on shore 
Minimum term: 3 months 
Interest type: serviced, rolled or retained
Credit history: all considered 

Max LTV. We will be happy to tailor according to borrower needs on a case by case basis. Terms and Conditions apply.

Residential – 75% 
Semi Commercial – 70%
HMOs – 70% 
Commercial – 60% 
Land – 50% 

To be eligible:
  • Borrower must be a UK national 
  • Borrower must have a good credit score 
  • Borrower must be a property professional 
  • Borrower must have a good track record
  • No CCJs