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Loans over £100K

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funtime2funtime2 Forumite
1 posts
MoneySaving Newbie
Are there any loan providers that will loan over £100k?
«1

Replies

  • zx81zx81 Forumite
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    Yes, as long as you gave something to secure it on such as a house or business.
  • DCFC79DCFC79 Forumite
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    funtime2 said:
    Are there any loan providers that will loan over £100k?
    Speak to a bank.
    Why do you want the money ?
  • John_John_ Forumite
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    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
  • venisonvenison Forumite
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    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    Stay safe, keep well and take care x
  • edited 9 March at 5:30PM
    foxy-stoatfoxy-stoat Forumite
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    edited 9 March at 5:30PM
    venison said:
    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    I would think John's response was worth as much as the OP's question.
  • John_John_ Forumite
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    venison said:
    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    I more than believe it, I’ve the resultant risks on one of the portfolios that I manage.
  • edited 9 March at 7:10PM
    Willing2LearnWilling2Learn Forumite
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    edited 9 March at 7:10PM
    John_ said:
    venison said:
    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    I more than believe it, I’ve the resultant risks on one of the portfolios that I manage.
    Are you actually stating that you have customers who have been able to get 'hundreds of millions' unsecured?  I cannot 'imagine' any responsible financial institution lending 'hundreds of millions' without some sort of security.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • foxy-stoatfoxy-stoat Forumite
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    John_ said:
    venison said:
    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    I more than believe it, I’ve the resultant risks on one of the portfolios that I manage.
    WOW, but I bet the indivdual you are in business with wouldnt think able joining a money saving forum to ask the folk on there where to borrow millions of pounds from.
  • John_John_ Forumite
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    John_ said:
    venison said:
    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    I more than believe it, I’ve the resultant risks on one of the portfolios that I manage.
    Are you actually stating that you have customers who have been able to get 'hundreds of millions' unsecured?  I cannot 'imagine' any responsible financial institution lending 'hundreds of millions' without some sort of security.
    Yes, it’s a major part of business in Finance. Local authorities use it for project finance, companies will use it for working capital, or expansion, there are literally hundreds of reasons for a firm to borrow unsecured.

    You’ve presumably heard of LIBOR? That’s supposed to represent the rate for unsecured borrowing.

    The whole credit default swap market only exists so that companies and banks can hedge some of the risk that they have from unsecured lending.

    Utilities, too, often borrow unsecured. They will, for example, have loans over decades where the repayment at the end is linked to inflation.

    Here’s a news report on one class of unsecured lending to local authorities which went wrong, resulting in a fair few banks facing legal challenges. The amounts borrowed here were in the hundreds of millions.

    Given your username, hopefully you’ll see that what you can imagine and what’s daily practice don’t match in this case.
  • John_John_ Forumite
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    John_ said:
    venison said:
    John_ said:
    Yes, there are banks that will lend massively more than this. You can get hundreds of millions or even billions secured. You can get hundreds of millions unsecured too if your credit rating is good enough.
    Really?  do you honestly believe that?
    I more than believe it, I’ve the resultant risks on one of the portfolios that I manage.
    WOW, but I bet the indivdual you are in business with wouldnt think able joining a money saving forum to ask the folk on there where to borrow millions of pounds from.
    No, you’re doubtless right, but given the utter lack of context in their question my answer was as good as any was going to be. He asked if you can borrow over £100k, and as I pointed out, yes you can.
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