Commercial Finance

Quite a few of our brokers have switched on to making easy money by spotting and referring commercial mortgage enquiries.

Is there any more help we can give you to do the same?

Often these brokers don’t get too involved themselves and pass cases on to us to handle start to finish. Otherwise they liaise between Promise and their clients.

The key point is to spot the opportunities and let your client base know you are active in this sector.

Here are a few common opportunities to look out for among your clients:

Inexperienced landlords – a multi product approach

There are companies offering to source BTL’s and HMO’s for people wanting to become landlords and we have lenders for first time landlords but also don’t forget second charges to fill any short falls. Bridging can also play its part, especially if the property condition is poor. Talk to us about the whole scenario and any other security which may be available.

Inexperienced developers – including regulated cases

Key Criteria & Application Guidance

We are seeing more enquiries from people wanting to build a house in their garden – often to get their children on the housing ladder or just to realise a cash sum.

These cases tend to be regulated which narrows the market down but it can be placed often as a development loan – second charges are also a good option.

First time developers, building just a couple of houses, are also on the increase – talk to us about them.

Business owners – moving from rented to owned premises.

As businesses expand many are moving from the rented accommodation (which saw them through the credit crunch) to property owned by the business or the business owner. With the pressures around BTL profits, some are seeing this as a preferable investment which gives them a good return, stability for the business and can give good tax benefits as well as helping to boost their pension. Our lenders love owner occupied property.

Commercial Property Investment

We are seeing an increase in Landlords introducing commercial and semi commercial properties to their BTL portfolio in favour of residential.

There are a broad range of other commercial requirements we can help you with from a restaurant refurbishment to a multi million £ hotel developments.

www.promisemoney.co.uk

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Intermediary Guidance for Commercial Finance Options

Structuring competitive terms on commercial finance options for your clients requires direct access to specialist underwriters. In addition, our intermediary lending desk works directly with over 90 specialist lenders across the UK.

Consequently, partnering with Promise Money ensures whole-of-market broker access, transparent procuration fees, and rapid decisions in principle for your client cases.