What you need to know about buying a New Build Home
Helping you convert commercial enquiries
Helping convert commercial enquiries
How many of your clients are self employed or business owners?
Can we help you earn more money from those relationships? – Each one could be worth a few £1000 to you.
Your self employed / business owners will have commercial finance requirements from time to time.
If this is not your area of expertise, let me help you.
We can potentially take over the entire case if you wish and process the entire transaction with our wide panel of high street and specialist lenders.
Here are a few recent examples of business your clients might have if you ask for it:
- Loan required to develop property / new build on land adjoining main residence
- Clients currently renting their business premises but have an opportunity to purchase as sitting tenants
- Expanding business wants to buy larger premises – factories, offices etc
- Refinancing a number of commercial properties to raise a deposit for further investment purchases
- A recovering business raised a non status business loan to remove threat of repossession.
- Existing lenders not playing ball and a total refinance required
- Small holding buying the neighbouring farm
- Loan required for new business start up
We see this as an easy area of diversification for most brokers which will improve customer retention, increase referrals and add more money to the bottom line.
Our aim is to help you do this with minimal interruption to your core business.
If you have a potential case, or just want to chat about increasing your commercial business, please give us a call on 01902 585052.
01902 585052
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2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:
Mortgages and Remortgages
Representative example
£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.
Secured / Second Charge Loans
Representative example
£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.
Unsecured Loans
Representative example
£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.
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.
Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.