What will it cost?

It’s dependent on you, the property, your intentions and the amount of the loan.

Buying a property to do a light refurbishment will have a lower rate than a basement or loft extension.

As well as the setup fee which typically is 2% there will be a monthly interest rate, valuation fee and usually two sets of solicitors.

Normally you would appoint your own and pay for the lenders. There are some lenders who allow you to use theirs which reduces costs and speeds the process up.

If there is heavy refurbishment and you are borrowing against the future value of the property there may be additional monitoring costs as well.

There will also be a broker fee for the work involved in arranging the finance and dealing with all parties to ensure that it completes on time.

We are very transparent and will provide details of the rate and fees before you enter into any commitment.

Searchlight Finance Ltd is a broker not a lender.

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We are a credit broker not a lender.

Searchlight Finance Ltd is registered at 98, King Street, Knutsford, Cheshire, WA16 6HQ. Company Register number is 07929050.

Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 743220. You can check via www.register.fca.org.

We are registered with the Information Commissioner’s Office, Z3109319 and you can check via www.ico.org.uk.

We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.

We source finance from the whole of market and may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Member of National Association of Commercial Finance Brokers (NACFB).