NFS is now associated with the leading short term asset based lender in the UK, a company that, based on an independent survey, consistently lends twice as much against valuable assets, and at better rates than other similar lenders. Loans of £1,000 to £1,000,000 are offered against finance free assets including jewellry, luxury watches, gold, fine art, antiques, sculptures, luxury cars, speedboats, and other high value assets. Typical loan to values are in the range 50% to 70% dependent on the asset.
As these loans involve no credit checks they are suitable for all clients in need of short-term finance who own assets of value.
This lender offers better valuations and interest rates than most if not all of its competitors, and has taken the traditional pawnbroking concept and modernised it for the internet age, making it the leading short term asset lender offering loans betwen £100 and £1M. Items are insured for their full value, rather than the loan value, and customers have control over their loan at all times using their on-line account. If the customer decides that they want to sell an item, this lender has access to all the leading auction houses, and will look to get the best possible value, with the surplus over the loan going to the customer.
It is emphasised that these loans are short term, with a maximum term of 12 months. Typical uses include:
- Bridging finance
- Supporting own business working capital requirements
- Covering the 'non-mortgageable' element in a property purchase
- Supporting an irregular income
- Paying for fees relating to property re-financing
- Being able to secure a good deal with rapidly available funds
The process is as follows:
- Approval in principle in minutes
- The lender pays the costs of transferring the assets for appraisal/storage
- Cash advanced within 24 hours, or as soon as the assets are received by the lender.
- All loans are non-status and secured against assets
- No credit checks
Application through NFS enables borrowers to receive a discount from standard interest rates.