Our lending is funded by our founding shareholders, credit lines with well established UK banks and also through our own mini bond issue. The latter presents an exciting opportunity for individuals, limited companies and pension funds to become bond holders in Exeter Finance.
The Exeter Finance team, with their depth of banking and financial experience, continue to grow the company’s profitability from a solid foundation: lending over £12 million with nil defaults on current and previous loans. All loans are secured on property and the LTV is generally within 70%, thereby reducing the level of risk. We always use solicitors to perfect our title on the security. Capital money we raise from investors through bonds is only used to lend and not to cover our overheads.
The process to invest is straightforward. To find out more information regarding the terms and conditions of the bond issue, please see the relevant article in Issue 1 of our Insight magazine or contact Peter Keech directly