Whilst it is impossible to generalise on the profile of a typical borrower, they tend to fall into five main categories:
1. Property dealers looking to purchase properties at auction or ‘off-market’
2. Property developers
3. Business people seeking to raise capital
4. Individuals seeking to refinance existing debts
5. Individuals looking to bridge the purchase of their own home
In each case, the borrowing requirement is generally for a short-term loan, which is required within an urgent timeframe.