And why new property buyers are ready to get on board

There’s no denying it’s a changed world out there, and the property market is no different. As more buyers are looking to get into the market for the first time, expand their portfolios, or find a better deal on an existing loan, private lending’s profile is on the rise. 

Typically, private lenders provide financing and/or loans in a similar fashion to a bank, but their offerings come with a set of perks. Let’s take a look at why a private lender might be extra appealing to a buyer. 

Negotiation on the table: Flexible terms and conditions

Private lenders are often able to offer a more flexible loan type with negotiable terms and conditions. If your clients are struggling with the big banks, a private lender may be able to provide solutions like shorter loan terms or alternative repayment schedules. Many small businesses benefit from terms and conditions like these, as do property developers working on unique projects.  

Be quick, be fast: Expedited applications

Applications with the big banks can be a lengthy, drawn-out process, dragging on for weeks. With a private lender, most circumstances can be covered by less paperwork than a traditional lender. This means applications are approved quicker, and funds flow faster. No one has to miss out on an amazing deal. 

Everyone be cool: Variable loan criteria

If you’re struggling to secure a deal with major lenders because a client has bad credit, a private lender may be able to offer assistance. Likewise, individuals with no credit history in the country, or new businesses that can’t show any trading history can benefit from a private lender. 

This certainly isn’t an exhaustive list of the perks and benefits that a non-traditional lender can bring to the table, but it’s a good start. If you want to learn more about how private loans can work for your clients, we’re ready to chat. 

Negotiable trails, fast and easy application approval, competitive interest rates and terms and straightforward lending guidelines are just a few of the benefits of working with Baccus Investments Limited.