Why a private lender might provide a better fit for my finance needs

In the past, we’ve looked at why private lenders provide a extremly competitive alternative to finance from the large banks.

These considerations are based on the assumption that bank finance is a better solution to one typical conforming financial problem, where as finance from a private lender is better for another kind (such as the self-employed or people with bad credit history). Today we will provide reasons for you to consider a private lender in any type of financial project.

We’ve already covered speed, flexibility and ease of process, today we are going to look more into the nature and the specific differences between private lenders and banks, and elaborate on why the private lending model provides more flexibility to you. We will also examine some of the driving forces behind these changes in the contemporary mortgage market.

Private lenders and tailored service

Where bank managers are usually concerned with deciding whether or not you fit into the ‘typical customer box’ a private lender has the flexibility to deliver a tailored loan solution that meets your business needs rather than the needs of the bank.  In fact, that is exactly what we specialize in. We look at your needs when building our loan products so that they fit you; rather than the opposite model where the banks try and fit you into their loan solution.

What we’ve found is that different lending products and solutions are often suited better to certain situations or projects. This would typically lead us to develop a standard product for each scenario. However, where a bank would do this and restrict anyone who does not fit the specified requirements of a loan, we take a different approach.

We have a marketplace of lenders willing to invest at different rates, on different terms and for different types of investments and purposes. This allows us to group together a product based on a portfolio of loans to deliver a low rates and more flexible terms as is necessary for the project. In some scenarios, we have private lenders that provide funds only for the exact type of project you are looking at. We can also provide alternatives as your circumstances change, if you need to refinance, or you need a short term boost of funds to meet a period of financial hardship.

What drives private lenders into the marketplace?

Private lending markets work because we are able to provide an attractive investment offer for the lender, while simultaneously providing a competitive interest rate for the borrower. Not only can we do this, but we can also compete on tailored service, advice and expertise which makes us an attractive alternative to anyone who has had to suffer through the misfortune of bank customer service.

The key to achieving this is embracing the individuality of every customer and project through our private lender market and through the legal framework we setup to ensure certainty and encourage investment. This allows us to provide investments private lenders  whilst also offering consumers more flexible terms, to compete on a private mortgage rate for a standard fixed rate home loan.

Enquire today about an Easy Settle Finance private loan and experience the difference

We’ve worked hard to provide you with a competitive alternative to the large banks. Fill out our enquiry form today and let us show you how much easier organizing finance through our network of private lenders can be.