Positive Credit Policy Changes from Intermediary Lender by Liz Woollett

Posted on May 14, 2019
Archive : May 2019
Category : News

One of the many specialist lenders with firm appetites for the Care Sector has recently released revisions to Credit policy, with specific improvements to lending parameters applying to Care Homes.

Business loans can only be applied for via selected panel brokers; Chandler & Co were pleased to be chosen in 2016 as a preferred intermediary with almost 25 years of experience specialising in the Care Sector.

Revisions to Credit policy include:  

·        Up to 25 years repayment profile

·        Up to 80% loan to value for experienced Care Home operators

·        Up to 70% loan to value for new entrants

Loans subject to status and underwriting 

With such a variety of challenger banks and specialist lenders each offering distinct and selective packages, and mainstream lenders often hesitant, it is vital to consider expert advice.  

Particularly for borrowers whose existing lender isn’t supportive of their plans to grow, one lender’s agenda won’t necessarily reflect the whole of the market.  Your lender’s business strategy doesn’t need to curb yours!