Demand for new loans continues

Demand for new loans continues

Despite Brexit uncertainties and the slightly torpid state of the economy over the summer, the company continues to see demand for its lending products (writes director Alan Bate). Over recent months we have seen the successful redemption of earlier loans, we have made fresh advances in accordance with our lending mandate, and also have a healthy pipeline of sound enquiries from prospective new borrowers.

Notable features of our current loan book revealed by the latest security review are that 100% of loans are secured by first charges, with a relatively low 37% loan-to-value ratio (compared with 75% permitted by the mandate).

As usual, the company is fully up-to-date with all interest due to bondholders. Series 7 Monthly Income Bonds and Series 8 Capital Bonds remain available to new investors until 31st December 2019 when these offerings are due to close.

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