Evidence from research conducted by a leading credit agency revealed that 43% of 18-21 year olds have over £5,000 of debt. A staggering 48% of the population of the UK have some form of adverse credit history.*
Clarity have a comprehensive range of commercial products to support business clients with adverse credit history. We can put together secured lending packages including commercial mortgages, re-mortgages, bridging finance and secured loans to support cash flow or repay creditors. We offer FAST decisions and in some cases funding within 24 hours at very competitive rates. Loans may be used for any purpose including cashflow support, business expansion, avoidance of insolvancy or settlement of IVA's. For a fast response Click here for our 1 minute enquiry form.
Commercial Credit Repair Top 5 - May 2007
|
2.45% over
LIBOR 3
|
Com
Owner |
For Loan Term |
70% |
2 CCJ's in last 2 yrs OK
IVA's satisfactorily conducted Completion fee 1.95% (can be added to the loan)
Term 10-30 years
|
3% within the first 3 years. 1% after |
FC03 |
|
3.00% over
LIBOR 3
|
Com
Investor |
For Loan Term |
80% |
2 CCJ's in last 2 yrs OK
IVA's satisfactorily conducted Completion fee 1.95% (can be added to the loan)
Term 10-30 years
|
3% within the first 3 years. 1% after |
FC04 |
6.60%
Fixed to
01/06/10 |
Buy to
Let |
SVR
(LIBOR3 +
Lender Margin) |
85% |
2 CCJ's up to £1000.00 each accepted even if unsatisfied |
3% until 01/06/10 |
FT07 |
| 1.25% of loan per month |
Bridge |
For Loan Term |
80% |
CCJs Unlimited
Arrears 2 months missed in last 12 OK
Bankruptcy/IVA OK, (loan can be used to DISCHARGE BANKRUPTCY)
Arrangement fee 1% of advance |
0.5% exit fee |
BL06
|
5.35%
Dicounted rate for 12 months |
Buy to
Let |
SVR |
85% |
Rental cover 125% of pay rate interest only
LIMITED COMPANIES ONLY
Higher lending charge applied on LTV over 75%
1.5% min £1500 completion fee
can be applied to the loan |
5% year 1, 4% year , 3% Year 3 |
CL01
|
* Source Equifax