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Ep 4 - Crazy Property Stories, Personal Branding & Lambos - Tyler Newman

Matt Kelly | The Midnight Pod

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Can I Borrow a Few Million Quid?

Banks will always, I say always, the lending market changes. Sometimes it gets a little bit tighter and they want to be a stricter on the criteria. So if you've got absolutely no experience, that loan to cost is going to be lower. We had, it was not easy for us to raise finance from the banks. 70% of the banks we spoke to rejected us straight away just because of our age. And then sometimes our experience wasn't that strong enough. But once they actually had a chat with us, understood actually, okay, these guys know their shit. They were then more open to discussions. It's not, I don't want to sit here and say,

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