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Lease Finance · Advanced Hacks

The Lease Finance 100.
Advanced Hacks

Focus: Pro tips for experienced borrowers and complex deals.

12+Questions
100%Expert Answers
FCARegulated
What is an Operating Lease Versus a Finance Lease? A UK Accounting Guide
TL;DR In UK business finance, leasing assets—whether machinery, vehicles, or property—is a common method of acquisition. Understanding the distinction between a…
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Why Do Businesses Choose Lease Finance Over Outright Purchase?
TL;DR Discover why UK businesses often prefer lease finance to outright purchase. Learn about the benefits, including cash flow management, tax efficiency, and asset flexibility.
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How Do Sustainability and Green Building Certifications Impact Commercial Mortgage Rates?
TL;DR Discover how sustainability and green building certifications influence commercial mortgage rates in the UK. Learn about the financial benefits and potential challenges of eco-friendly properties, including eligibility and risk factors. Find exper…
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How does lease finance affect business risk?
TL;DR Understand how does lease finance affect business risk. Explore the impact of operating and finance leases on debt, cash flow, and balance sheet reporting in the UK.
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How does lease finance affect business risk?
TL;DR Understand how does lease finance affect business risk. Explore the impact of operating and finance leases on debt, cash flow, and balance sheet reporting in the UK.
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Can lease finance be used for company cars in the UK?
TL;DR Lease finance is highly effective for UK company cars. Discover the benefits, tax implications (VAT, BIK), lease types, and accounting rules for your business.
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Can lease finance be used for company cars in the UK?
TL;DR Lease finance is highly effective for UK company cars. Discover the benefits, tax implications (VAT, BIK), lease types, and accounting rules for your business.
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How does lease finance handle equipment upgrades?
TL;DR Equipment leasing allows businesses to stay competitive with modern technology. Learn how lease finance handles equipment upgrades, rollover options, refinancing, and early termination costs in the UK.
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Can lease finance be used for software purchases?
TL;DR UK businesses often use lease finance for software, covering licenses and subscriptions. Discover how this works, the specific benefits, and the key considerations when financing your essential technology needs.
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Is lease finance available for farm equipment in the UK?
TL;DR Yes, lease finance is widely available for farm equipment in the UK, offering tax benefits and preserving capital. Learn about operating leases, finance leases, and Hire Purchase options for agricultural assets.
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What happens if an asset depreciates during a lease?
TL;DR When an asset loses value during a lease, who takes the hit? Learn about the impact of depreciation on UK operating and finance leases, residual value risks, and lessee obligations.
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What are common myths about lease finance?
TL;DR Lease finance is often misunderstood. We debunk the common myths, from ownership assumptions to complex accounting implications, helping UK businesses make informed funding decisions.
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Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.

More than 50% of borrowers receive offers better than our representative examples

The %APR rate you will be offered is dependent on your personal circumstances.

Mortgages and Remortgages

Representative example

Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

Secured / Second Charge Loans

Representative example

Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

Unsecured Loans

Representative example

Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

Authorised and regulated by the Financial Conduct Authority – Number 681423
The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

Website www.promisemoney.co.uk