OakNorth Reviews

OakNorth specializes in lending solutions tailored for businesses, offering innovative financial services with a strong focus on customer satisfaction and growth support.

Here are the Trustpilot Reviews from OakNorth:

Here are the Reviews from OakNorth:

Opening acct was easy, competetive interest rate. Had no problems so cant complain. Recommend using challenger banks like Oaknorth as better service and rates ...

Beejay

It took me a long time to veer away from the mainstream banks, but really pleased that I opened an account with OakNorth. Opening the account and transferring in an existing ISA to achieve a high er interest rate was a breeze. The App is easy to work around, and communication is great. Overall I’m very happy to have my OakNorth account

Michael

Having completed 1 year fixed rate cash ISA I transferred my capital sum to a new one. The annual interest earned I opted to have paid into my current account. All very simple to do online.

Mr. Peter Kerrison

Easy to setup account and a great rate too. Notified of loyalty rate prior to fixed rate expiry date which was one of the best rates available at the time. Would not hesitate in recommending OakNorth Bank.

Salad

Easy to understand documents giving maturity options.Straightforward to open new investment.

Ann

Easy site to use and help is available 24/7 if needef

James Riley

Explore OakNorth's Finance Solutions:

Bespoke Business Term Loan

£250,000 – £50,000,000

Acquisition Finance / Management Buy-Out Loan

£1,000,000 – £50,000,000

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Explore OakNorth's Finance Solutions:

Loan Type:

Bespoke Business Term Loan

Loan Range:

£250,000 – £50,000,000

Loan Terms:

1 – 7 years

Minimum Turnover and Trading Age:

Typically 2+ years trading and >£1m annual turnover (information not publicly available in exact figures)

Interest Rate:

Information not publicly available (usually SONIA or base-rate linked margin priced individually)

Fees:

Arrangement fee (c.1–2% of facility), potential monitoring & legal fees, early repayment permitted subject to break costs

Loan Type:

Acquisition Finance / Management Buy-Out Loan

Loan Range:

£1,000,000 – £50,000,000

Loan Terms:

3 – 5 years (can include bullet or stepped amortisation)

Minimum Turnover and Trading Age:

Target and acquirer combined EBITDA typically £500k+ (exact threshold not published)

Interest Rate:

Information not publicly available (margin priced individually)

Fees:

Arrangement fee c.1–2%, exit fee (typically 1%), professional due-diligence costs

Loan Type:

Property Development Finance (Residential & Mixed-Use)

Loan Range:

£1,000,000 – £30,000,000

Loan Terms:

Up to 36 months with up to 12-month sales period

Minimum Turnover and Trading Age:

Developer track record of at least 2 successfully completed schemes

Interest Rate:

Information not publicly available (rolled-up or serviced interest with margin over SONIA)

Fees:

Arrangement fee (c.1–2%), exit fee (may be % of GDV or loan), monitoring surveyor, drawdown fees

Loan Type:

Bridging Loan

Loan Range:

£1,000,000 – £25,000,000

Loan Terms:

3 – 18 months

Minimum Turnover and Trading Age:

Not applicable – asset-backed, but borrower must demonstrate viable exit

Interest Rate:

Information not publicly available (interest can be retained, rolled or serviced)

Fees:

Arrangement fee 1–2%, exit fee 1%, valuation & legal costs

Loan Type:

Commercial & Buy-to-Let Investment Loan

Loan Range:

£1,000,000 – £50,000,000

Loan Terms:

2 – 10 years (amortising, interest-only or balloon)

Minimum Turnover and Trading Age:

Portfolio rental income sufficient to meet ICR of 160% at stressed rate (exact ratio subject to deal)

Interest Rate:

Information not publicly available (typically floating over SONIA or fixed on request)

Fees:

Arrangement fee c.1%, possible exit/break fees, valuation and legal costs

Loan Type:

Commercial Investment Mortgage / Build-to-Rent Loan

Loan Range:

£1,000,000 – £50,000,000

Loan Terms:

2 to 5 years (interest-only or amortising)

Minimum Turnover and Trading Age:

Professional landlords with stabilised or near-stabilised portfolios

Interest Rate:

Information not publicly available (typical all-in rate 4.5% – 6.5% p.a.)

Fees:

Arrangement 1% – 1.5%; potential exit 1%; valuation & legal costs

More About OakNorth

OakNorth Bank plc is a UK-regulated bank established in 2015 that focuses on providing bespoke debt finance for fast-growing businesses and property developers. Its lending typically ranges from £250,000 to £50 million, facilitated through a tech-enabled, relationship-driven model. This lender is suitable for established UK companies with a solid trading history and robust security, offering alternative options to traditional banks for business loans and alternative finance loans.

Key Features of OakNorth Bank

OakNorth combines innovative technology with senior-level engagement, providing tailored lending solutions and transparency through public loan case studies.

Access to large loan amounts from £250,000 to £50 million with flexible term structures and covenants; see term loans.
Relationship-driven underwriting offering direct contact with senior credit decision-makers helps expedite credit assessments; learn more about alternative lenders.
No standardised refusal rules; each application assessed on individual merits, including complex sectors, supporting growth capital and acquisitions.
Ability to structure several facilities such as term loans, revolving credit, bridging, and development finance within one package; details at credit facility overview.
Loan case studies available to public demonstrate transparency in lending decisions and risk management.

Funding Eligibility

You may qualify for lending if your business has been trading for at least two years with an annual turnover typically exceeding £1 million. OakNorth generally requires tangible security such as property or business assets, often secured by a debenture. Personal guarantees from directors or major shareholders may also be requested depending on the deal structure. For more on eligibility, see how to qualify for a business loan in the UK and guarantor requirements.

Loan Options with OakNorth Bank

OakNorth offers a range of tailored debt products suited for different business needs, from term loans to property development and bridging finance.

Bespoke Business Term Loan: Amounts from £250,000 to £50 million, terms 1 to 7 years. Interest rates are typically a margin over SONIA or base rate. Fees include arrangement and potential monitoring costs. See details on term loans.
Acquisition Finance / Management Buy-Out Loan: £1 million to £50 million, terms 3 to 5 years. Used for acquisitions or shareholder exits with flexible covenants. Usually requires professional due diligence. More on business loans.
Property Development Finance: £1 million to £30 million, terms up to 36 months with sales period after completion. Funding covers land, construction, and fees with staged drawdowns to manage interest. See bridging loans and commercial mortgages for related options.
Bridging Loan: £1 million to £25 million, terms 3 to 18 months. Designed to cover short-term asset-backed finance needs, with rapid credit decisions and exit strategies required. Details available at bridge loan.
Commercial & Buy-to-Let Investment Loan: Loans from £1 million up to £50 million, terms 2 to 10 years, with loan-to-value up to 70%. Suitable for landlords with proven management experience. More information on commercial mortgages.

How to Apply

The application process is online-based with direct engagement from OakNorth's lending team. Expect rapid feedback and clear document requirements.

Submit an online enquiry form accessible via OakNorth's website or related platforms; learn about the application form process.
Provide key documents including recent statutory and management accounts, financial projections, bank statements, and property valuations if applicable; check document submission requirements.
Receive indicative decisions typically within 48 hours. Funding can be arranged in 1–2 weeks for bridging loans and 3–6 weeks for term loans, subject to legal and valuation procedures; see loan approval timeline.
Complete the legal formalities and execute facility agreements remotely or at OakNorth head office.

Funding Agent's View on OakNorth Bank

OakNorth Bank bridges the gap between traditional banks and alternative lenders by offering flexible, sizeable debt finance tailored primarily for established UK businesses and experienced property professionals. It suits borrowers able to meet security and trading history criteria and who value speed and credit structuring flexibility. For more information on eligibility or to compare loan options, consider visiting loan eligibility requirements, business loans guide, and term loans overview.