Secured Loans
What is a secured loan?
A secured loan is a loan where your client will be required to use their property as security against the loan. It is a second charge to the mortgage lender.
Why choose a secured loan?
Secured loans allow your client to borrow more and repay over longer periods than an unsecured loan. Because the lender has the benefit of security they can assist clients who are self employed or have a previous poor credit history. Secured loans give your client the flexibility to spread their borrowing over a longer term and could turn their expensive debts into a single, lower cost monthly payment.
Bridging Finance
What is Bridging Finance?
If a client needs to raise finance quickly - Short Term (Bridging) Finance enables businesses, investors, property developers and private individuals to take advantage of short term opportunities.
Why choose Bridging Finance?
They may need to raise funds in a few days (48hours is achievable), or may have a poor credit history or even need to use non property assets as security, in that case a Bridging loan might be their best option.
Commercial Finance
What is a Commercial Mortgage?
A commercial mortgage is a loan made using real estate as collateral to secure repayment. A commercial mortgage is similar to a residential mortgage, except the collateral is a commercial building or other business real estate, not residential property. In addition, commercial mortgages can be taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited company, so assessment of the creditworthiness of the business can be more complicated than is the case with residential mortgages.
Why choose a Commercial Mortgage?
If a client is self employed and working from home, Or are leasing a property? A commercial mortgage can provide them with the funds to enable the client to break free of restrictive lease agreements and move into the type of premises that would best suit their business. Aside from providing business with a major asset that is likely to appreciate in value, a commercial mortgage or re-mortgage offers a wide range of additional benefits.
• The opportunity to consolidate expensive short-term finance
• The ability to raise money for working capital or an injection of cash flow
• A reduction in the costs of an existing commercial mortgage
• An opportunity to increase your earning potential through refurbishing, improving or expanding your business property
• Avoidance of exposure to just one lending source for both business banking and property investment
Debt Management & IVA
What is Debt management?
A debt management programme is an informal arrangement made between the client and their creditors through a 3rd party in our case easier debt. All debts must be unsecured and be a minimum of 2 creditors. There is no contract and clients can leave the programme at any time. We will negotiate the client’s payments down so it will be more affordable and in 90% of cases will get the interest frozen. They are charged a fee upfront to the value of the agreed payment.
What is an IVA?
An IVA is a contract agreement between a client and a licensed practitioner. Clients will generally need a minimum of £20,000 credit. An IVA will guarantee to wipe 75% of the debts off but if the contractual agreement is broken with a missed payment the client can be made bankrupt.
Unsecured Loans
What is an unsecured loan?
An unsecured loan allows your client to borrow money without having to provide security against it. An Unsecured loan provider will base their decision on granting you a loan by using credit reference agencies to determine your clients credit rating.
Why choose an unsecured loan?
Unlike a secured loan, unsecured loans do not require your client to have property to use as collateral for the loan. An unsecured loan is not secured against your clients assets, one of the main benefits of unsecured loans is the quick turnaround in applying for one and they can consider clients with a poor credit history.
Payday Loans
What is a payday loan?
A payday loan (also called a cash advance or payday advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.
Why choose a payday loan?
Payday Loans can come in handy as they offer a suitable sum of money to keep you on your financial feet in the event of any unexpected expenses such as house maintenance and repairs, financial support for family members, larger than expected bills, etc.