Saturday, August 13, 2022
Finance

Knowledge Bank adds Sancus as property finance provider

property finance

Sancus joins more than 250 lenders that are already on the platform, which is the largest database of mortgage criteria in the UK

Property development lender Sancus has been added to the Knowledge Bank platform – a mortgage criteria search system for brokers – as a short term property finance provider.

Sancus joins more than 250 lenders that are already on the platform, which is the largest database of mortgage criteria in the UK.

Sancus, which so far has provided more than £1bn of funding to small- and medium-sized businesses and entrepreneurs, offers a range of short-term property lending solutions.

Its products in the UK include ‘Bridge by Sancus’, for bridging and refurbishment projects, and ‘Development by Sancus’, for loans from £500,000 to £10m from six to 24 months with a loan-to-gross-development-value of 75 per cent and loan-to-cost of 85 per cent.

In Ireland, Jersey, Guernsey and Gibraltar, Sancus offers property lending to clients, which include professional landlords, property investors, developers and construction specialists.

The business also has experience lending to trusts, funds and family offices. For borrowers, Sancus specialises in bridging and development loans at a minimum of £250,000.

Sancus has grown considerably over the last two years, with our UK business development team alone tripling in size since early 2021, said Richard Whitehouse, sales director at Sancus Lending (UK).

He said: Our focus on providing borrowers and their advisors with certainty and reliability have been key pillars in driving our growth.  When this is combined with our knowledge and expertise of the property lending sector, we believe we present a compelling proposition to the market.

Nicola Firth, CEO and founder of Knowledge Bank, added: We are delighted to welcome Sancus to Knowledge Bank and we look forward to presenting their offer to thousands of brokers, giving them easier and faster access to data, thus allowing them to support property professionals across the UK.

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