™
Working capital for
landlords and agents.
In property the rent is steady — until it isn’t. A void between tenancies, a refurb that has to happen before the next let, a deposit due before a sale completes: the spend lands first and the money follows. Short-term finance bridges those gaps, and on every product the company borrows, never you personally. No personal guarantee, no charge over your home.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. For an incorporated property or lettings business, it does one thing: short-term working capital to keep units occupied, compliant and earning — through the gaps where they aren’t.
Property looks like a patient, income-producing business, and over a year it usually is. But the year is made of awkward weeks. A landlord company carries a void while a flat is stripped and re-let; a portfolio owner funds an EPC upgrade or an electrical remediation before a tenancy can even start; a letting agent markets and prepares a property, paying contractors up front, before a single month’s commission lands. This page looks at how a Business Bridging Loan, Credicorp Flex or Credicorp Slice tends to be used to bridge those gaps, so you can picture the fit before you apply.
Throughout, the borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. That means no personal guarantee, no charge over a home and no personal credit check on a director. These are not personal loans, payday loans, buy-to-let mortgages or sole-trader finance. When you’re ready, applying happens on the lender’s own site, credicorp.co.uk.
Why property & lettings firms run short on cash
It is rarely about the underlying yield. It is about the gap between when a property costs money and when it earns it — and in lettings, that gap is constant.
Refurb has to happen before the rent restarts
A tenant moves out, and the unit can’t earn again until it is put right — redecoration, a new kitchen or bathroom, flooring, or bringing it up to current standards. All of that is paid for now, weeks before a new tenant signs and the first month clears. The better the re-let you want, the bigger the outlay before any income returns.
Void periods carry cost with no income
An empty property doesn’t pause its bills. Council tax, service charges, insurance, standing utility costs and any finance on the property all keep running while no rent comes in. A run of voids across a small portfolio — or one stubborn unit that takes months to re-let — quietly drains the cash the rest of the business relies on.
Compliance and safety work can’t wait
Gas safety, electrical (EICR) checks, EPC improvements, smoke and CO alarms, licensing for HMOs: much of this is non-negotiable and time-bound. When a certificate lapses or a standard tightens, the work has to be done before a property can be let or kept let — regardless of whether this month’s rent has landed yet.
The money often arrives in one lump, later
Deposits to secure a purchase, the cost of preparing a property for sale, or simply the wait for a completion or a backlog of rent to clear — property income tends to be lumpy and back-loaded. You can see the cash coming; you just need to act before it arrives. That bridging-style gap, between a known cost now and a known receipt later, is exactly what short-term finance is built to cover.
The kinds of funding that fit a property business
Three plain-English shapes of short-term credit — for the operational gaps around a portfolio, not for buying the bricks. The detail and the live terms sit with the lender.
A Business Bridging Loan — a fixed sum for a known turnaround
A single lump sum into the company account, repaid over a short, fixed term. It suits a one-off, time-boxed gap you can name: a refurb between tenancies, an EPC or electrical upgrade due before a let, a deposit to hold a purchase, or the cost of preparing a property for sale. You know the figure, and you can see the rent or the completion that will clear it coming in.
Credicorp Flex — a line you draw on across a portfolio
A revolving facility the company can dip into and repay as units turn over. For a landlord or agency running several properties at different stages — one void, one mid-refurb, one steadily let — it smooths the rolling cost of keeping them all occupied without taking out a fresh loan each time. You pay only for what you draw, not the whole limit.
Credicorp Slice — spread a single works or contractor bill
Got a chunky invoice from a builder, an electrician or a furnishings supplier you’d rather not pay in one hit? Slice settles it in full today and lets the company repay over a few weeks for a flat fee. The trade gets paid, the unit gets finished and re-let, and the cost is fixed before you commit.
We don’t publish rates or terms on this page on purpose — they live with the lender so you always see the current figures. Check the live product pages on credicorp.co.uk before you apply. This is short-term working capital, not a mortgage or a secured property bridge.
The company borrows — not you
In a sector built on property, being asked to pledge yet more property — your own home — is the part worth slowing down on.
Property owners know the routine: ask a bank or a bridging broker for working capital and the conversation quickly turns to a personal guarantee, or a charge over your own home on top of the charges already held against the rental properties themselves. For someone whose net worth is already tied up in bricks and mortar, layering a personal risk over an operational cash-flow gap is a heavy thing to sign.
Credicorp is built differently. The agreement is between Credicorp and your company — the Ltd, LLP or PLC that holds the tenancies, the portfolio and the bank account. There is no personal guarantee, no charge over a home and no personal credit check on a director. The company stands on its own trading position, which is exactly how it should be when the money is funding the company’s properties.
This is the flip side of the lender’s model: because Credicorp lends only to bodies corporate, it sits outside consumer credit entirely. The full regulatory position is set out on the group site, creditcorpgroup.co.uk/lending-and-regulation.
How it can play out — a worked example
A made-up, clearly anonymised business — not a real customer — just to show the shape of the timing problem.
Picture a small lettings company — call it a UK limited company holding nine residential units across two towns, all let on assured shorthold tenancies. A long-standing tenant gives notice on one of the better flats. To re-let it at the rent the location now supports, it needs a proper turnaround: a new kitchen, redecoration throughout, a fresh EICR and a couple of small remedial jobs the inspection throws up.
The builder wants a deposit to start and the balance on completion. The flat earns nothing while the work is done and a new tenant is found — realistically a void of six to eight weeks — and the council tax, insurance and finance on it keep running throughout. On paper the company is sound: eight other units are paying, and once re-let this flat will pay more than it did before. In the bank account, though, it is funding a refurb plus a void out of the rent the rest of the portfolio generates, right when a second unit happens to be between tenants too.
Rather than delay the works, let the flat cheaply or lean on the director personally, the company bridges the gap with short-term finance against its own trading position — covering the refurb and carrying the void — and repays as the new (higher) rent comes through. Same portfolio, a better let; the difference is simply that the cash was there when the work needed it. The figures and the right product for a situation like this are set on the lender at credicorp.co.uk.
Property & lettings funding — common questions
The questions landlord and agency owners ask most. For anything beyond these, the lender’s team can help.
Can my property company borrow without a personal guarantee or a charge over my own home?
Yes. Credicorp lends to the company — a UK limited company, LLP or PLC — not to the director who signs. There is no personal guarantee, no charge over a home and no personal credit check on a director. That matters in property, where directors are often asked to put personal assets on the line; here the agreement sits between Credicorp and your business.
We need to refurbish a property between tenancies before it can be re-let. Can funding cover that?
That is one of the most common reasons landlord and agency companies look at short-term finance. A Business Bridging Loan or Credicorp Slice can cover a refurb, a safety remediation or a re-let cost while the unit is empty, with repayment timed around the rent resuming once a new tenant moves in. Specifics are set on the lender at credicorp.co.uk.
A property is sitting void with no rent coming in. Does that stop us borrowing?
Void periods are a normal part of property cash flow, not a red flag. Credicorp looks at the company as a whole — the portfolio, the trading position and the rent due across it — rather than at a single empty unit, so a void you are actively turning around does not have to stall the work that ends it.
Is this a mortgage or secured property lending?
No. Credicorp offers short-term, unsecured working capital for the company — it is not a buy-to-let mortgage, a development loan or a secured bridge against a title. It suits the operational gaps around a property business (refurb, voids, deposits, slow-paying months) rather than buying the bricks. For purchase or long-term secured finance you would use a mortgage or specialist bridging lender alongside it.
Are you a bank, and is this regulated consumer credit?
No. Credicorp is an exempt business lender, not a bank and not a consumer-credit firm. It lends only to bodies corporate under Article 60B of the FSMA Regulated Activities Order 2001, so this is business credit, not a regulated consumer credit agreement. It is not for sole-trader landlords or for borrowing in a personal name.
Can a letting or managing agent use this, not just a landlord?
Yes, as long as you trade through a UK limited company, LLP or PLC. Agents carry their own cash-flow shape — funding marketing and works before a let completes, or covering the lag between paying contractors and recovering costs from landlords — and short-term working capital fits that just as well as it fits a portfolio owner.
More general answers live on the Creditcorp FAQ, and the how-it-works overview walks through the whole journey from first look to funds in the bank.
Related sectors
If your work overlaps these trades, their pages may fit the cash-flow shape too.
- Construction & trades — if you run your own refurb or build-out crews, funding materials and labour before a valuation or a re-let lands.
- Professional services — for managing agents and surveyors bridging the lag between work done and fees paid.
- Hospitality & food — if your portfolio runs to serviced lets or short-stay units with their own seasonal swings.
Or head back to the full industries overview to see all sixteen sectors. For company, trade-mark and legal detail, the group site is creditcorpgroup.co.uk.
Keep the units earning
Whatever you’re bridging — a refurb, a void or a deposit — applying, drawing down and managing your account all happen on the lender’s site, credicorp.co.uk.