But, alongside its more standard mainstream property lending, niche lender Cambridge & Counties Bank also often says ‘yes, we can’ to these vital organisations which support those most in need.
Recent deals where Cambridge & Counties have approved finance include emergency housing, care providers and halfway houses – scenarios likely to be rejected by other lenders.
Sue Higginson, the Bank’s director of business development in East Anglia, who has worked on all these applications and many more, said: “Lots of other lenders run a mile when assisted living, DSS tenants and emergency housing are mentioned. We know these cases need careful consideration but that’s where the different way we underwrite comes into its own.”
“At Cambridge & Counties Bank we pride ourselves on keeping an open mind. We’re keen to hear the details and prepared to take a look at applications in the round, and, if we can say yes, we will lend. Often all it takes is a bespoke approach to the deal to gain a full understanding of the applicants and their tenants.”
Sue’s recent deals include:
Sue said: “Collectively, these deals demonstrate our flexible approach to tenant type when lending on residential properties. One size does not fit all, and the Bank’s manual underwriting allows us to properly assess the individual deal risks to lend where others might not.”
Cambridge & Counties Bank began 2016 having lent more than £450 million to small and medium sized businesses and experienced property investors.
Cambridge & Counties Bank’s Cambridge office is at 42 Castle Street, Cambridge CB3 0AJ and the telephone number is 01223 311499.
Cambridge & Counties Bank Ltd is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm registration number 579415. Our authorisation can be checked at the Financial Services Register at www.fca.org.uk.
Cambridge & Counties Bank Ltd Registered Office: Charnwood Court, 5b New Walk, Leicester England, LE1 6TE. Registered in England and Wales No. 07972522.
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