Charterbank

Charterbank Capital is a privately owned and operated principal lender specialising in short-term property finance across England and South Wales. The company was established in 2011 and has since grown through repeat business and referrals from both customers and introducers. Charterbank Capital operates independently, without reliance on external credit lines or banks, which allows for swift and reliable lending decisions. The firm provides a range of finance facilities for various property scenarios, including development, refurbishment, auction purchases, and bridging loans.

The company offers bridging finance designed to assist borrowers with cash flow, particularly when traditional mortgages are not suitable or when funds are needed quickly. This includes short-term bridging loans for purposes such as property improvement, renovation, obtaining EPCs, or purchasing properties in poor condition or with structural issues. Commercial bridging loans are also available for the purchase, improvement, or refurbishment of commercial and semi-commercial properties, considering all property types including land and mixed-use assets. Bridging loans from Charterbank Capital are typically available for periods ranging from 3 to 12 months.

Charterbank Capital also specialises in property development finance, providing bespoke loans for new build projects, extensive refurbishments, and stalled sites. This finance can cover up to 60% of the site or property value upfront, with additional stage payments throughout the construction programme, potentially funding up to 100% of development costs. The firm supports various conversion projects, including barn conversions, pub conversions, and the development of Houses in Multiple Occupation (HMOs). For HMO development, which can include student accommodation, Charterbank Capital offers tailored finance solutions for both first-time developers and experienced landlords, supporting projects for "build to sell" or "build to let" purposes.

The lending approach at Charterbank Capital is characterised by its non-status methodology, where lending decisions are primarily asset-based rather than solely dependent on a borrower's credit score, income, or accounts. Underwriting is conducted in-house by the directors, enabling rapid decision-making, often providing an offer letter within 24 hours of a completed application. The company aims for quick completions, with bridging loans and development finance potentially finalised in as little as 7 days. Charterbank Capital values its relationships with customers and introducers, focusing on understanding loan requirements even under tight deadlines.

The management team at Charterbank Capital possesses over 60 years of combined experience in the property, development, and commercial finance sectors. Directors Chris Eccles and Tom Branson play key roles, with Tom Branson serving as the primary loan decision-maker. This extensive experience in the property sector informs the company's ability to provide flexible loan products tailored to customer needs. The firm offers loan facilities ranging from £30,000 to £500,000, with no upfront fees, exit fees, or early repayment penalties typically associated with its development finance products.