FAQ's
We’re here to help! If you have any questions you can always contact our friendly team here at Sardison Capital. We’re available Monday to Friday from 9:00am to 5:00pm.
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However, to save time, please view the most frequently asked questions that the team at Sardison Capital get asked about business and property finance.
Common Frequently Asked Questions
General Questions
What documentation is typically required for business finance?
Typically the last 3-6 months business bank statements, your most recent set of accounts or management information and possibly your last 5 quarters VAT returns. Apply Here
What documentation is typically required for property finance?
Typically the last 3-6 months business bank statements, your most recent set of accounts or management information and possibly your last 5 quarters VAT returns. Apply Here
I don’t have good credit history, can you help?
Yes, unlike a lot of brokers, we can assist by providing a range of finance solutions from our extensive panel of lenders. We take into consideration all aspects of your proposal and it’s potential.
Can I repay the borrowing?
Yes, depending on the product you choose, there is always the option to repay the finance early.
I’m a sole trader, can you help me?
Yes, we sure can.
What areas do you cover?
We cover the whole of the UK.
Can you help startup companies?
Yes, we have access to a range of product for startup companies.
Do I need to have 3 years of audited accounts?
No. They don't have to be audited, but if you can provide up to 3 years, this would be great.
How quick is the process?
Very fast. Once you have completed the application, you should get a response within 48 hours. Our normal business hours Monday to Friday 9am - 5pm.
Is it possible to receive more than one loan offer?
Yes
Do I need to upload any supporting documents?
Yes, you will see what you need to upload when you start your applicaton.
How much can my business borrow?
We have a wide range of unsecured and secured financial solutions that can lend £5,000 up to £5 million.
How long can I borrow for?
It's up to you how long you want to borrow for, but loans can be from from 1 month up to 180 months+
Will my business qualify for finance?
It depends on what finance solution you require as each of our funding partners have their own lending criteria. We'll do our best to find you the best solution.
What can I spend the funds on?
It's up to you what you spend it on!
How can I apply?
You can apply online. Simply select the funding solution you need, fill in the details required and submit the application - it's that simple!
How much can be borrowed on an unsecured basis?
There are lenders and providers that can in theory provide unsecured loans well into the millions of pounds bracket.
How much can I borrow?
How much you can borrow depends on a number of factors relating to your company and you the director. The factors can include (but not limited to) trading history, transactional behaviour, business profitability, revenue, company growth, credit history, sector experience, purpose of borrowing, term of repayment, serviceability, track record, experience and many other variables. If you are looking to explore how much you could potentially raise via a business loan for your company, please apply online and we will be able to confirm this.
How quickly can I get an approval?
Approvals can usually be sought on the same day or a few days providing the required documentation is available. This may include you having to hassle your accountant or FD to get documents ready fast!
Is Sardison Capital a lender?
No. Sardison Capital is a finance broker. We provide a range of services which include helping clients finding the most appropriate lender and product for their business needs. We work with a panel of lenders and will package the clients’ application to then obtain the lender offer and eventual completion.
What is Mezzanine Finance?
Mezzanine financing is a hybrid of debt and equity financing that gives the lender the right to convert to an equity interest in the company in case of default, generally, after other senior lenders are paid.
What is Senior Debt?
Senior debt is borrowed money that a company must repay first if it goes out of business. Senior debt is a company’s first tier of liabilities, typically secured against some type of collateral, in our case, property.
What locations do you consider?
Whole of the UK.
Do you charge any fees?
Yes, we are a business and feel the service and advice we provide tom our clients warrants the fees that we charge.
Do you charge a success fee?
Yes, if we get you the finance you want, we will charge you a success fee. Our success fee is between 1% and 3% depending on the products you require.
Do you charge an admin fee?
Yes, this is to cover all the administration work involved in dealing with your case. You can select the admin fee you want to pay here.
What are the possibilities of refinancing?
Yes – this is very common
Can I refer people I know to Sardison Capital?
Yes, we appreciate all recommendations and will also give you a guesture of goodwill for doing so.
Will my personal credit rating be taken into consideration when applying for a business loan?
Yes. In most cases, as a director of a limited company, or a self-employed sole trader, for example, a lender will take your credit rating into consideration when deciding whether to approve your loan application. Other company directors or partners should also expect to have their credit rating examined.
Are there bad credit business loans?
You may have a better chance of securing certain types of business loan if you have bad credit, such as cash advances or invoice financing as they are less risky for lenders. Some alternative online lenders will also be more open-minded to businesses and directors with poor credit, particularly if the business can demonstrate a promising financial performance.
Can you get business loans for new companies?
Many lenders will require a minimum number of months’ trading history, but there are some that will consider lending to start-ups.
Are business loans regulated?
Lenders who are offering business loans to sole traders may do so without regulation, while those lending to limited companies are regulated.
How long will it take to process a secured loan?
How quickly will I get the money?
What does APR % mean?
What is Representative APR %?
Typical APR % (Annual Percentage Rate) is used by lenders so you can easily compare rates before you apply for a loan. Lenders use the term to describe the amount of interest you’ll pay annually on money you want to borrow. Typical APR %must reflect at least 66% of secured loan business expected to result from advertising the rate.
What can I use a loan for?
Is there a maximum age on taking out a loan?
Can I pay off a loan early?
What is a guarantor loan?
What is the difference between a secured loan and an unsecured loan?
What gives you a bad credit score?
How is Sardison Capital different?
With over 15 years experience, we have built relationships with over 300 lenders and funders across the UK. We have helped over 3000 clients to raise finance for their business and provide a One-Stop-Servie to our clients. We have built our reputation on building strong relationships with our clients which is why we continue to finance our clinets years-on-year.
Does my business qualify?
We provide loans to UK businesses of all types, from startups to well-established companies. If you’re unsure about your eligibility, fill in our application form, and we’ll let you know.
How long can I take the loan out for?
You can choose from a number of repayment options, ranging from 3 months to 30 years, depending on your business needs, and the amount borrowed.
What is a personal guarantee?
If there is no security, the lender might ask for a personal guarantee aka PG. This is a written promise from a Director or Shareholder that guarantees repayment if the business is unable to pay.
What information will I eventually be asked to supply?
Different lenders have different requirements, but you can expect to be asked for some of most of the below:
Still have questions?
Business Finance
How long does it take to organise an unsecured business loan?
This depends on a number of factors, but the shortest possible time would be same day funding and the longest period could be upto 6 months for complicated deals. On average, we find that successful funding tends to take around 2 - 4 weeks for unsecured business loans.
What business finance do you provide?
We have a selection of business finance solutions available. Please click here to view.
What can I use a business loan for?
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Buying new equipment/machinery/stock -
Meeting costs involved in expansion -
Paying bills -
Paying off other debts -
Investing in premises/staff -
Regulating cashflow
Property Finance
How much equity is required from the developer?
Typically, we would expect a minimum equity contribution of 20% of the total project costs except where we also procure equity participation in which case equity contribution can be as low as 5%.
What type of projects do you consider?
Multi-unit residential, PRS, mixed-use, student accommodation, care home, healthcare, commercial and hotel are all considered.
Is bridging finance available?
We are able to provide short-term bridging finance where there is a defined exit possibility at the end of a bridge. For example, a developer has a site on which he is improving the existing planning permission and will develop the site once the enhanced permission is achieved. Hambros would consider providing a first charge facility for the bridge period, reverting to a second-charge mezzanine facility once the development begins and the senior funding has been arranged.
What property finance do you provide?
We have a selection of property finance solutions available. Please click here to view.
What is the minimum purchase price?
There is not really a minimum as we have over 200 lenders on our panel. But most will start lending from 25k.
What is the interest rate I might get?
Is this a fixed rate and for how long?
You will be able to choose if you wanty a fixed or variable rate, but most tend to go for fixed rates.
What is the loan to value (LTV) I can get?
Is there a early redemption penalty? and what is the percentage?
What security will I need to provie to the lender?
How much do you think I can borrow?
Dependent on the type of property being purchased, but as a guide, you can borrow up to 90% of the purchase price or valuation for residential properties, and up to 80% for commercial properties.
What deposit will I need for a commercial mortgage?
Can I get a mortgage for a leasehold property?
Yes, but the options are very limited and usually a remaining lease of 99 years will be required on the commercial property. If this is not the case, then additional security maybe required. Some lenders will consider loans on less years but may charge a higher interest rate.
Loan amounts and terms available
How is the mortgage repayment calculated?
What is a buy to let mortgage?
A buy to let mortgage is a mortgage on a property which you rent out to a tenant rather than live in yourself.
Are buy to let mortgages more expensive than residential mortgages?
Yes. Buy to let mortgages tend to have a higher rate than residential mortgages.
What criteria must I meet to take out a buy to let mortgage?
Along with the general criteria all mortgage lenders require, including having a good credit score and being within the lender's age limits, to take out a buy to let mortgage you'll usually need at least a 25% deposit. A number of lenders will also require you to own your own home (or have a residential mortgage on a property).
How much can I borrow with a buy to let mortgage?
The amount you can borrow will depend largely upon how much you're able to rent the property out for. As such, it's essential that you research the rental market in the area in which you're buying before making a purchase. Lenders will also look at your credit score and your outgoings.
Do I need a larger deposit to take out a buy to let mortgage?
Most mortgage lenders will require a deposit of at least 20% to 30% of the property value to take out a buy to let mortgage.
Do I need to own my home to take out a buy to let mortgage?
While most lenders would want you to have your own home before taking out a buy to let mortgage, it is possible to get a buy-to-let mortgage as a first-time buyer. Your choice of products will be reduced however and you may be deemed a higher risk and have to stump up a higher deposit as a result.
What fees will I pay for a buy to let mortgage?
Just like with residential mortgages, the main fees that apply to buy to let mortgages are booking fees, arrangement fees, valuation fees and legal fees - although not all fees apply to all products. Be warned however that some buy to let mortgages feature a higher arrangement fee than residential mortgages.
What is a rental yield?
The rental yield is the income you make from renting the property out and is presented as a percentage of your property value. For example, if the property costs £100,000 and you rent it out for £10,000 per annum, your rental yield is 10%.
What is a rental coverage requirement?
A rental coverage requirement is the minimum amount of rent you have to be able to achieve each month to obtain a mortgage. It is set as a percentage of the monthly mortgage repayments. Each lender will have their own rental coverage requirements but the industry average is between 125% and 145% meaning you have to be able to secure up to 45% more than your monthly mortgage repayment in rent to get the loan.
What are the benefits of a buy to let mortgage?
If you want to invest in property and can't afford to buy it outright, then a buy to let mortgage is your only option. Rental properties can provide an income and/or grow in value, but it is important to fully research the rental market and be prepared for long term investment.
What potential downsides should I be aware of?
Most mortgage lenders will require a deposit of at least 20% of the property value to take out a buy to let mortgage.
Stamp Duty
Higher tax charges can apply to rental properties, including higher Stamp Duty surcharges than those of residential homes. You should also consider what you will do if you struggle to rent out the property or have a long period with no tenants. When working out your budget be sure to factor in the costs involved with running a property, including letting agent costs, maintenance costs, etc.
How much can I borrow with a bridging loan?
This is all determined by the value of the security so the higher the value of the property the more you can borrow. There are options where you can put down between 20-25% deposit but 100% lending maybe available if you have additional property to secure against.
Can I get 100% bridging?
What are the Bridging rates available?
Rates have come down a lot in the last few years. You can get lower rates depending on your equity or deposit. Some lenders offer bespoke rates and we can play lenders off against each other to get you the best deal.
What are the Auction finance rates available?
What are my options for Development Finance?
Can I get a finance to refurbish a property?
Will I get the best property development finance rates?
What are the rates for development finance?
Non-UK Residents
I'm not a UK resident, can you help me to raise finance?
Yes, we help clients from all over the world.
I live in Australia, can you help me get finance for our UK investment properties?
Yes, we help clients from all over the world to raise finance to invest in UK properties.
I own a property in the UK outright, can I raise capital from it?
Yes, we can raise up to 75% of the property value.
Can I raise finance for my HMO property if I live overseas?
Yes, we have lots of lenders that lend to non-UK residents.
Can I raise finance for a Semi Commercial property if I live overseas?
Yes, we have lots of lenders that lend to non-UK residents.
Can I raise finance for my Development Project if I live overseas?
Yes, we have lots of lenders that lend to non-UK residents.
Can I raise finance from my property if I live overseas?
Yes, we have lots of lenders that lend to non-UK residents.
I'm a non-UK resident, what LTV am I likely to get?
This depends on a number of factors, but most lenders will offer an LTV between 60% and 70%.
I'm a non-UK resident, what interest rate am I likely to get on a Buy-To-Let Mortgage?
This depends on a number of factors, but as a guide, most lenders will offer a rate between 2.49% to 5.89%.
I'm a non-UK resident, what interest rate am I likely to get on a HMO Mortgage?
This depends on a number of factors, but as a guide, most lenders will offer a rate between 2.49% to 5.89%.
I'm a non-UK resident, what interest rate am I likely to get on a Bridging Loan?
This depends on a number of factors, but as a guide, most lenders will offer a rate between 0.79% to 1.89% per month.
As I'm a non-UK resident, will I have to come to the UK to complete my application for finance with the lender?
No, this is all done thorigh UK and Non-UK solicitors. However, if you was going to be in the Uk for any reason, this could save you some time and money.
I'm a non-UK resident, will I have to pay more?
Not necessarily, it depends on a number of factors. Legal costs may be a bit more and there is a little more risk, so the dela is always priced accordingly. However, we always get our clients the best deal.
Can I raise finance for a Commercial property if I live overseas?
Yes, we have lots of lenders that lend to non-UK residents.
I live in Singapore, can you help me get finance for our UK investment properties?
Yes, we help clients from all over the world to raise finance to invest in UK properties.
Can I raise finance for my Buy-To-Let property if I live overseas?
Yes, we have lots of lenders that lend to non-UK residents.
I live in New Zealand, can you help me get finance for our UK investment properties?
Yes, we help clients from all over the world to raise finance to invest in UK properties.
What documents will I need to provide?
You will have to provide the same documents as if you lived in the UK. Typical documents are:
What can I use a loan for?
Is there a maximum age on taking out a loan?
Can I pay off a loan early?