info@melding.co.uk
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General FAQS
Who is Melding Limited?
Melding Ltd was created by a group of passionate individuals who wanted to help as many businesses and individuals achieve their entrepreneurial goals and aspirations, via accessing commercial funding that was previously not available to them before. We are dedicated to providing a professional and efficient service to both our Lenders and Borrowers.
Melding Ltd (No. 8717078) and Melding Security Trustee Company Ltd (No. 9281426) are registered in England and Wales. Our trading address is Melding Limited, Kemp House, 152 City Road, London EC1V 2NX. Our registered office is 145-157 St. John Street London EC1V 4PW.
How is Melding Limited Regulated?
Melding Ltd is regulated by the Financial Conduct Authority (FCA) 661800 and is registered with the Office of the Information Commissioner, Reg no. A1023157. Melding Ltd is also regulated by the Anti Money Laundering Act of 2007.
How do Melding make money?
Here at Melding Ltd our money is made through charging a margin on the differential between the rate that we can borrow money from our Investors and the rate at which we lend to our Entrepreneurs. Typically this can range from 1.25% to 3% (depending upon a number of factors). This ensures that we can offer a comprehensive service, as we are after building relationships as opposed to one of transactions.
Put our service to the test to see the quality of service that you’ll receive in return for entrusting us with your business.
What is the Process for Assessing a Loan Application?
We have a logical four-step assessment process:
Step One: Upon the Application being received the information provided is reviewed and a ‘first pass’ decision is taken
Step Two: We will call the Borrower to confirm the nature of the request and ask supplementary questions
Step Three: Our due diligence process then differs from most Peer to Peer/Crowd funding platforms in that we arrange a face-to-face interview with the applicant. We feel it is important that we have the opportunity to meet the applicant or its representatives/officers in order to get a better sense of the business and the promoters.
The interview is also an opportunity for the Borrower to ask questions of us and our process.
If, following the interview and our further due diligence checks, if we are as satisfied as we reasonably can be that the request has merit, the proposal moves to the next step.
Step Four: Only after our due diligence process has been completed with the application be then sent for an independent external review. This step is undertaken by a group of specialist credit analysts with an extensive background in credit assessment. They will review the application from a number of perspectives and provide a recommendation to either support or decline the request.
It is important to understand that whilst we endeavour to cover all aspects of an applicant’s background and business it is ultimately your decision to support the request or turn it aside.
How Do Melding Arrive at the Risk Grade on a Loan Application?
Each loan proposal and business has a different level of risk; some will be low risk and others of a higher risk. The differing levels of risk are reflected in the interest rate and so each loan request is assigned a risk band and this is done via a Credit Rating Score Band (CRSB).
The CRSBs are:
A – Low Risk
B – Medium Risk
C – Average Risk
D – High Risk
In order to avoid applicants attempting to present information in such a way as to improve the CRSB we do not disclose how they are calculated. However, key factors include:
• Age of the business
• Director’s/owner’s experience
• Financial performance from Annual Accounts and Management Information
• The business/directors/owner’s external credit rating and past credit history
• Type of security (if any) offered and the valuation
• The industry sector
What’s Melding’s Privacy policy?
We take your data and privacy extremely seriously. Please refer to our privacy policy to see how seriously we take these matters.
One thing is for sure, we’ll never sell, share or give your data away. We hate when our details are shared so rest assured that we’ll always protect your data.
Melding Ltd is a registered data controller under the Data Protection Act (Reg No. A1023157).
How to I become an Introducer to the Melding business?
If you like our philosophy and the way we do business then providing it’s a win-win relationship, we would love to talk to you further about promoting our business. Please email us at introducers@melding.co.uk with your details and we’ll get back in contact with you.
www.Melding.co.uk
Register Now to see if you meet the Criteria
Melding Ltd (No. 8717078) and Melding Security Trustee Company Ltd (No. 9281426) are registered in England and Wales. Trading office is Melding Limited, Kemp House, 152 City Road, London EC1V 2NX. Registered office is 20-22 Wenlock Road, London N1 7GU.
Melding Ltd is regulated by the Financial Conduct Authority (FCA) 723131 and is registered with the Office of the Information Commissioner, Reg no. A1023157. Melding Ltd is also regulated by the Anti Money Laundering Act of 2007. Melding Ltd or any of its associated companies are not covered by the Financial Services Compensation scheme.
Risk Warning: Investments through Melding Ltd involves making direct loans to individuals and companies. You could lose all or part of your capital. Prospective Lenders should note that past performance should not be seen as an indication of future performance. The value of a loan and the income from it can fall as well as rise and Lenders may not get back the amount originally loaned. Therefore you should only make investment in unlisted companies which you can afford to lose without having any significant impact on your overall financial position or commitments. Taxation levels, bases and reliefs may change if the law changes and independent advice should be sought. We will not have any liability for any legal, investment or tax issues in connection with any loan you decide to make through our website.
You could lose all or part of your capital.
Melding Ltd is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Melding Ltd and Melding Security Trust Ltd once you have agreed to our standard terms and conditions and are registered on our records as a sufficiently sophisticated investor.