Disclaimer

1. General Information

This website provides information about bridging finance products offered by Black Props Limited. All information is provided for general guidance only and does not constitute financial, legal, or professional advice.

Before making any financial decisions, you should:

• Seek independent financial advice
• Consult with a qualified solicitor
• Ensure you fully understand all terms, costs, and risks
• Consider whether bridging finance is suitable for your circumstances

2. Not a Formal Offer

Information on this website, including calculator results, is for indicative purposes only and does not constitute a formal offer of finance. All applications are subject to:

• Full credit and affordability assessment
• Property valuation and legal due diligence
• Satisfactory exit strategy verification
• Approval by our underwriting team

Rates, terms, and fees quoted are estimates based on typical scenarios. Your actual offer may differ based on your individual circumstances.

3. Risks of Bridging Finance

Bridging finance carries significant risks. You must understand these risks before proceeding:

Property Repossession

If you fail to repay the loan within the agreed term or default on payments, your property may be repossessed and sold to recover the debt.

High Costs

• Bridging loans have higher interest rates than traditional mortgages
• Arrangement fees, valuation fees, and legal costs can be substantial
• Interest accumulates quickly, especially if the loan extends beyond the original term
• Early repayment charges may apply

Exit Strategy Failure

If your planned exit strategy (e.g., property sale or refinancing) fails, you may struggle to repay the loan, leading to:

• Extended loan terms with additional costs
• Default charges and penalties
• Potential property repossession

Market Risks

• Property values can fall, affecting your ability to refinance or sell
• Mortgage availability may change, impacting your refinancing options
• Economic conditions can affect property sales and exit timelines

Refurbishment Risks

For development finance:

• Building work may take longer or cost more than anticipated
• Planning permission may be delayed or refused
• Property value may not increase as expected after works
• Staged funding is dependent on satisfactory progress

4. Regulatory Status

Black Props Limited provides both regulated and unregulated bridging finance:

• Regulated loans: When the property is (or will be) your main residence or a family member's home. These are regulated by the Financial Conduct Authority (FCA) and have consumer protections.
• Unregulated loans: For investment properties, buy-to-lets, commercial properties, and properties owned by limited companies. These do not have FCA consumer protections.

We will clearly inform you whether your loan is regulated or unregulated during the application process.

5. Accuracy of Information

While we strive to ensure all information on this website is accurate and up-to-date, we cannot guarantee:

• The completeness or accuracy of all content
• That rates and terms remain unchanged
• That calculators and examples reflect your specific circumstances
• That third-party links or content are accurate

Always request a formal written quote for accurate, personalized terms.

6. Credit Checks

By submitting an application, you authorize us to:

• Conduct credit searches with credit reference agencies
• Share information with credit reference agencies
• Verify information you provide
• Use fraud prevention databases

Credit searches may leave a footprint on your credit file. Multiple applications in a short period may affect your credit score.

7. Third-Party Services

We may refer you to third-party professionals (valuers, solicitors, brokers). We are not responsible for:

• The quality or accuracy of their services
• Their fees or charges
• Delays caused by third parties
• Their professional conduct or advice

8. No Guarantee of Approval

Submitting an enquiry or application does not guarantee loan approval. We reserve the right to decline any application without providing detailed reasons, though we will typically explain our decision where possible.

9. Variations

We reserve the right to:

• Change our products, rates, and terms at any time
• Withdraw products without notice
• Modify website content and functionality
• Update this disclaimer

10. Independent Advice

We strongly recommend seeking independent advice from:

• Independent Financial Advisor: To assess whether bridging finance suits your needs and circumstances
• Solicitor: To review all legal documentation and explain your obligations
• Accountant: To understand tax implications and financial impacts
• Surveyor: To assess property condition and refurbishment costs

11. Complaints

If you have a complaint about our services, please contact us at info@blackprops.co.uk. We have an internal complaints procedure and will respond promptly to all concerns.

12. Contact Us

For questions about this disclaimer or our services: