Finsec Limited is a second charge mortgage lender. Formerly known as Northstar Loans Limited we have traded since 2002. Finsec is funded through a combination of private equity investment and high street bank funding which provides a secure financial base to operate from.

Secured Business Loans

Finsec is a trading style of Finsec Limited a second charge mortgage lender located in the United Kingdom and operating from 511 Centennial Park, Centennial Avenue, Elstree, Hertfordshire, WD6 3FG. Finsec Limited is authorised and regulated by the Financial Conduct Authority.

Finsec Business loans are unregulated loan agreements only available to businesses registered in England and Wales and supported by guarantee and security from a homeowner aged over 18 subject to status. Finsec only provides loans where the guarantee is secured by a mortgage. Acceptable forms of security are a legal mortgage over owner occupied residential or semi commercial property with freehold or long leasehold tenure situated in either England or Wales. It is not possible for security to be located in a different EEA State.

Finsec Business loans are available between £5,000* and £150,000 plus any fees requested to be added. *Minimum further advances from £3,000 or more.

Finsec Business loans are available on a Fixed Rate which means the interest rate charged will not vary for the duration of the loan. Interest rate 1.59% per month. 19.08% per annum. 20.84% APR. Loans may have a possible duration of 1 year up to a maximum of 15 years and the monthly payments are fixed for the duration of the loan.

A Lenders Arrangement Fee of £1395.00 will be deducted from the total loan on completion. There is no charge made by Finsec if the loan does not complete.

Loans are available to new starts as well as established businesses and may be for any business purpose, including repayment of HMRC and other debts. Borrow for specific projects or working capital or even acquire a new business or premises.

Flexible underwriting means accounts not required and no minimum turnover or trading period subject to accountant’s projection and evidence of business bank account and UTR. Business plan, forecast and CV’s may be required for new starts and all loans are subject to status. On receipt of a fully completed Finsec Business Loan Application we can provide an immediate in principle decision confirming the terms available and our case specific underwriting requirements.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured upon it