A first mortgage loan is the primary loan taken out to purchase a property. It has priority over any other loans or liens on the property, meaning if the borrower defaults, the lender of the first mortgage is the first to be repaid from the proceeds of the property sale. First mortgages typically offer lower interest rates compared to secondary loans, as they are less risky for lenders. It is the main loan secured by the property and is usually paid off over a long term, such as 15 or 30 years.

A home loan, also known as a mortgage, is a type of loan specifically used to purchase a property or real estate. In this arrangement, the borrower agrees to repay the loan in installments over a set period of time, typically 15 to 30 years. The property itself serves as collateral, meaning the lender can seize the property if the borrower fails to repay the loan as agreed. Home loans typically come with an interest rate, and the borrower must pay both principal and interest during the term of the loan.

Private lending refers to loans provided by individuals or non-institutional lenders (rather than traditional banks or financial institutions). These loans are often used for real estate, business ventures, or personal expenses. Private lenders typically offer more flexible terms than banks, but may charge higher interest rates due to the higher risk involved. The terms of private loans are usually negotiated directly between the borrower and the lender.

If you’re looking for cash flow security, a line of credit and / or overdraft can give you access to additional funds when you need it.

Access your funds in instalments, throughout the construction process; only paying interest on what you’ve used (and not the full loan amount).

Purchase the tools and equipment your business needs from cars and trucks to IT hardware, farming equipment and yellow goods.

Stabalise your cash flow with invoice finance (or debtor finance); it gives you access to the value of your outstanding invoices – before they’re paid.