Bricks Finance Ltd
Financial Services - Clyst Saint Mary, England, United Kingdom
Bricks Finance Ltd Employees
Bricks Finance Ltd Details
Bricks Finance is a privately owned investment company based in Exeter. Founded in 2014 by Will Michelmore, Jerry Rihll and Clive Banks, our goal is to provide a better rate of return for our investors.We specialise in asset-backed business and bridging loans – helping local people to access finance easily and quickly by offering bespoke lending using our own funds as well as those from investors.Our founders have over 90 years of property, finance and legal expertise between them. They have each previously built large and successful businesses, and it is their combined knowledge, professional contacts and business experience that allow Bricks to offer attractive rates for borrowers and competitive rates for investors.Our investors earn returns of between 5% – 7% each year. We support only sensible finance requests and every loan we make is backed by the security of a charge against real property assets.Today, over 50 other private investors have joined the original lending fund which was established by our founders. To date, we have lent over £40,000,000 to a variety of local businesses and individuals. Over one quarter of our fund is provided by our founders and their family members. No two loans are the same, which is why we treat all of our borrowers as individuals. Using our own underwriting process, we ensure complete flexibility in the decisions we make.Bricks makes regulated and unregulated loans. We are authorised and regulated by the Financial Conduct Authority for mortgage contracts but we are not required to be authorised for all of the loans we provide. Your capital is at risk and is not protected under the Financial Services Compensation Scheme.
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