Sancus, the specialist property bridging and development lender has joined the Knowledge Bank platform as a short-term property finance provider.
Knowledge Bank is a multi-award winning mortgage criteria search system that holds the data of over 250 lenders, allowing brokers to quickly and easily access, compare and evaluate lender products on a loan by loan basis.
Sancus offers a range of short-term property lending solutions across mainland UK, including “Bridge by Sancus” for bridging and refurbishment projects and “Development by Sancus” for development and refinancing, with rates starting at 0.55%.
Bridge by Sancus offers a bridging solution on loans from £100k to £5m, with terms up to 24 months and LTV/LTC/Refurbishment costs at 75%/85%/100% and Development by Sancus is suitable for loans from £500k to £10m, from 6 to 24 months with LTGDV/LTC at 75%/85%.
The Group also offers property lending in Ireland and the offshore jurisdictions of Jersey, Guernsey and Gibraltar where the offices are supported by experienced local teams.
Sancus clients include professional landlords, property investors, property developers and construction specialists financing projects which include ground up developments of 1 to 80 units, residential & mixed-use, residential, semi-commercial, HMOs and light to heavy refurbishment.
The Sancus team also has years of experience in lending to more complex structures including trusts, funds and family offices.
Richard Whitehouse, Sales Director at Sancus Lending (UK) (on right in photo) said: “Sancus has grown considerably over the last two years, with our UK business development team alone tripling in size since early 2021. 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.” He adds, “With the investment we have made in our business development team this is absolutely the right time for us to join Knowledge Bank and bring our offer and specialist lending proposition to their database of professional brokers and intermediaries.”
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.”