Sancus UK: products, terms and eligibility

Sancus UK is a UK provider of bridging loans. The legal entity named on its site is Sancus Lending (UK) Limited, company number 07534003. It is based in London. Companies House shows the company was incorporated 2011.

Sancus Lending (UK) Limited is registered in England (company number 07534003), incorporated 2011 per Companies House in the first-pass record. It lends in England and Wales from offices in London (86 Jermyn Street) and Manchester (Cross Street). Its site does not publish a founding date or ownership details.

Everything on this page comes from what Sancus UK publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Sancus UK publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Bridging loans: Interest can be serviced (evidence of affordability needed); 1st charge security required.
• Development finance: Staged payments as the project progresses.

Bridging loans

Short-term loans secured against property or land. The bridging table shows £500k to £5 million for up to 24 months at 75% LTV or 85% LTC, with a first charge required in all cases. Interest can be serviced if the borrower can evidence affordability, and the exit is typically refinance or sale.

Development finance

Staged payments aligned to the progress of the project. Sancus’s case studies show loan-to-gross-development-value figures in the 60s to low 70s percent. The borrower page refers to property finance of up to £15 million.

Development exit loans

Listed as a product; the pages read give no further limits.

Sancus UK says its finance is used for:

• Breaking property chains
• Auction purchases
• Refurbishment projects
• Below market value acquisitions
• Development finance bridges
• Pre-planning purchases

Sectors and business types it says it funds:

• Property developers
• Professional landlords
• Property investors
• Residential, commercial, mixed-use, semi-commercial, HMO and auction property

What it says it does not fund:

• Outside England and Wales
• Applicants with outstanding CCJs or bankruptcies

Sancus UK publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Property developers, professional landlords and property investors.
• Foreign nationals, expats, LLPs, limited companies, PLCs and SPVs.
• Residential, semi-commercial, mixed-use, auctions, HMOs and commercial property.
• No outstanding CCJs, bankruptcies or poor credit; explicable historic adverse credit considered case by case.
• Satisfactory due diligence.
• Lends in England and Wales.

Sancus UK describes its process like this:

1. Contact Sancus with the proposal.
2. A dedicated contact reviews it; each proposal is reviewed on its merits.
3. Due diligence is carried out.
4. Terms depend on each loan’s circumstances.

Information it says it asks for:

• Evidence of affordability if interest is to be serviced

Every application is subject to status and the lender’s own criteria at the time.

A bridging loan is short-term borrowing secured on property, used to bridge a gap until a sale or longer-term finance completes. Interest is often rolled up or retained and repaid with the loan at the end, so the plan for repaying it, known as the exit, matters as much as the property.

Lenders lend up to a share of the property’s value and will want to see that exit. Bridging costs more than long-term borrowing, so it is worth understanding how lenders differ before you compare offers.

Points Sancus UK publishes that are worth knowing:

• 1st charge security is required in all cases.
• Evidence of affordability is needed if interest is to be serviced.
• Its bridging table lists LTV/LTC of 75% and 85%.
• Says it will consider land without planning permission depending on the client’s circumstances, experience and location.
• Says there are no specifically restricted asset types and each proposal is reviewed on its merits.

Security and guarantees

First charge security is required in all cases. Sancus says there are no specifically restricted asset types and reviews each on its merits.

Sancus UK’s site states: “Sancus Lending (UK) Limited, UK Registered Company No. 07534003. Registered office: 5th Floor, 86 Jermyn Street, London, SW16 6JD”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of bridging loans with profiles here include Somo, TAB and TFG Capital. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.