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Bespoke loans are made on the same basis as S&I or S&A loans, with the sole exception being the rank of the all-asset charge. Bespoke loans are usually initially secured with a second charge which will, usually within three months, transition to a first charge. The transition to a first charge must be within a short period, usually less than three months. This flexibility allows us to raise larger amounts of money for Borrowers, without initially disturbing existing facilities.

Bespoke lending gives our Lenders the opportunity to, after the initial period when security is weaker than on a usual S&I, S&A or S loan, enjoy a higher rate of interest than is usual. Interest is set to reflect the initial period, the period of weaker security. Interest remains unchanged throughout the period of the loan.