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Q: How are short-term asset loans secured?

This article is part of
Guide to short-term finance

First and foremost, the client will need to own valuable assets. Valuable assets include jewellery, luxury watches, fine art, antiques, prestige and classic cars and more.

Paul Aitken, chief executive of Borro, said the borrower should then contact their financial adviser or a lender directly to arrange a free appraisal of their assets.

Mr Aitken said loan-to-value ratios vary with Borro offering from 50 per cent to 70 per cent.

As short term bridging loans are very much a bespoke loan product where each borrower’s circumstances and requirements differ, Alan Margolis, head of bridging at United Trust Bank, recommended wherever possible borrowers should utilise the services of a professional mortgage broker, financial adviser or accountant.