Do you lend against owner-occupied property?

No, we do not offer regulated mortgages, so we do not offer first charge loans against owner-occupied properties.

Do you offer second charge loans?

Yes, the maximum combined loan to value will be not greater than 75%.

Are you interest rates fixed or variable?

Our interest rates are fixed however, we do reserve the right to change your interest rate during your loan term but after 6 months.

Do you lend against properties outside of the UK?

No, however, we are working on launching an international lending product in the coming months.

What fees/charges will I have to pay?

Please see our Tariff of Charges for a breakdown of our fees. Our interest rate and arrangement or exit fees will be defined separately in your loan agreement as these are specific to your loan. We have no hidden fees.

How long does it take to get a loan?

Every loan is different; however, if you and your solicitor can work efficiently to provide us with all of our requests, we can complete your loan in a couple of weeks. 

How can I apply for a loan?

You can get in touch with us by either calling us on 0207 459 4562 or emailing us at contact@teloscapital.co.

Who are Telos Capital’s borrowers?

We lend to individuals and corporations made up of property investors, landlords, developers, property traders, property entrepreneurs and businesspeople.

What interest rate do you charge?

Our interest rates start from 0.85% pm and vary depending on a number of factors. These include the loan to value (LTV), the property location, property type etc.

How long are your loans?

Our loan terms are flexible and vary depending on your requirements and other factors. For bridging and development loans, borrowers may borrow for up to 36-months. That said, our bridging loans are on average 12-months, and our development loans are. on average 24-months. 

What is the minimum loan term? 

There is no minimum loan term; however, we have a minimum charging period of 3 months.

What is indemnity insurance?

Indemnity insurance covers us, the lender, against specific title defects or unknowns that might not be resolved during conveyancing or searches. These can include issues like lack of building regulations consent or planning, absence of proper access rights, or potential boundary disputes. 

What are the benefits of indemnity insurance?

An indemnity policy removes the need for a full report on title simplifying the legal process and enabling faster completions.

Do you lend to trusts and LLPs?

Yes, we lend to both trusts and LLPs. Trusts must have a clear structure and we require personal guarantees from the beneficiaries. We treat LLPs in the same way as UK Limited Companies.

Do you lend to non-UK individuals or non-UK companies?

Yes, we lend to both non-UK individuals and non-UK companies subject to enhanced due-diligence and KYC in both instances.

Do you allow joint legal representation?

No, you will be required to instruct an independent solicitor to represent you. Your solicitor must be reputable and have at least 2 SRA (Solicitors Regulatory Authority) partners. We do not accept licensed conveyancers.

Will you need to see a proof of deposit?

Yes, if the loan is for a purchase, we need to see evidence of the source of deposit and stamp duty.

Do you allow gifted deposits?

Yes, subject to you providing further documentation, indemnity insurance policies and a letter of no interest from the party who gifted the deposit.

Do you allow second charges behind your first charge?

Yes, we do allow second charge on a case-by-case basis. We will require the second charge lender to enter a deed of priority with us.

Do you meet the borrowers?

We meet with borrowers on a case-by-case basis. We typically meet borrowers for more complex and high value loans. We meet with all development finance borrowers.

Do you visit the security property or site?

As with meeting a borrower we visit the security property on a case-by-case basis. We undertake a site visit for all development loans.

Can I service the interest?

We typically deduct or wrap-up the interest however, if you’re looking to service the interest you will need to prove you’re able to do so from affordability standpoint.

How do you determine the loan term?

Loan terms are determined on a case-by-case basis and are usually led by your requirements, plans, and exit strategy.

Where do you lend?

We lend throughout England however, we specialise in lending across Greater London, Berkshire, Buckinghamshire, Essex, Hertfordshire, Kent, Surrey, East Sussex, West Sussex, Bristol, Dorset, Hampshire, Oxfordshire, Bedfordshire, Cambridgeshire, Norfolk, Suffolk.