Loans

These are funds made available over a set period. The main loan has to be repaid as well as the costs of the loan (interest) with an agreed repayment schedule. They come in a large range of shapes and sizes have very varied rates of interest. There are fees to pay when they are arranged.

Some loan funds require security to cover the loan and may wish to “take a charge” on the property or other assets involved. Those on property are registered at the Land Registry and although it does not convey ownership or possession rights, it means that if the property is sold, the value of the charge will go to the lending organisation.

Lenders range from the mainstream commercial backs (some of which specialise in lending to the not for profit sector) to Community Development Finance Institutions or indeed other stakeholders who may offer some concessionary terms because of their own social objectives. A list of potential loan providers can be found in Section G of the portal