Risk Warning: Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

COVID-19 Update

An update on the current situation from Sancus CEO, Andrew Whelan.

 

Dear colleagues and friends

We have entered an unprecedented period of global disruption, the likes of which have not been seen since World War II.

The uncertainty of the past few weeks surrounding COVID-19 continues and has reaffirmed to us all the importance of the well-being and safety of our families, work colleagues and communities.

It remains unclear as to the short and long term effects of our current situation on businesses, the economy and individuals but Sancus is treating the health and safety of its staff, clients and colleagues as a priority.

Our teams across all our jurisdictions are doing everything they can to minimise risk for staff and clients whilst remaining fully operational.

As a Group we already have practiced recovery plans in place for business disruption with a workforce fully equipped with remote access to enable working from home. We are confident that even if we are all required to work from home for a prolonged period we can function as normal and our high level of service shall not be disrupted.

We have also engaged with the professional community that we rely on to deliver loans to ensure they can continue to support our lending activity.


We have also taken the following additional steps:

  • The option for employees living with elderly/family members with compromised immune systems to work from home;
  • Restricted all unnecessary business travel, allowing travel only in circumstances that cannot be undertaken by electronic or other means;
  • Restricted large business meetings and gatherings for all staff;
  • Suspended all non-essential internal meetings until further notice;
  • Suspended all physical client meetings unless absolutely necessary;
  • Encouraged employees to host meetings via video or tele-conference where possible;
  • Implemented self-isolation requirements in the event of ill or potentially exposed employees;
  • Where necessary, staff will quarantine as per WHO guidance.

The Business

Until such time as normal market conditions return, our credit team are subjecting all loan applications to additional stress tests to ensure that if projects are delayed, the cost of servicing loans will not place undue burden on Borrowers, nor materially impair the credit quality of our loans.

The Sancus syndicated model

At a time when equity markets are in a state of flux, and the yield on 10 year gilts has become negligible, Sancus offers returns in excess of 7% on secured loans over property in a range of jurisdictions. We believe that the obvious attractions of this form of income/yield producing syndicated loan will appeal to an increasing proportion of investors, both institutional and private, who will welcome the positive risk-adjusted rate of return we offer on an alternative yield opportunity that carries lower risk and volatility than stocks and shares.

For Borrowers this means that we have reliable access to a wide and varied capital base to meet demands for new loans.

If you would like to talk to us about any of your concerns, please do not hesitate to contact your dedicated relationship manager or myself via email (preferably) or telephone.

The Sancus team and I hope that you, your families and friends remain in good health, and come through this difficult period unscathed.

Thank you, in anticipation of your continued support in these unprecedented times.

Kindest regards

Andrew Whelan, 
CEO, The Sancus Group

All news

Get in touch

Our Team of experts are keen to talk to you about your property finance requirements or funding with Sancus.

Contact us
Risk Warning: Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Funding through Sancus is entirely at your own risk and the decision whether or not to is solely yours. The return on any funding opportunity is dependent on a number of factors and cannot be guaranteed. We cannot give assurances as to the creditworthiness of any borrowers, the collectability of any repayment, the quality and accuracy of any information obtained in respect of any funding opportunity or the enforceability of any security. In the event of a default, the timescales and outcome of any recovery is inherently uncertain. By using the platform, you knowingly accept the foregoing risks and you further accept that the role of Sancus is limited to providing an online marketplace for users and that information obtained from Sancus does not constitute legal, financial, tax or other advice or recommendation in relation to a funding opportunity, and you will conduct your own research and form your own opinion as to whether or not to participate in a funding opportunity. There is no recourse to the Financial Services Compensation Scheme, or other such government run compensation schemes. The UK platform is operated by Sancus Lending (UK) Limited, a UK incorporated company which is authorised and regulated by the Financial Conduct Authority, firm reference number 593992.