Cashflow Support for Sole Trader

Cashflow Support for Sole Trader Loan Type: Business Loan Loan Amount: £69,500 Location: Sunderland Lender: Liberis The client in this case was a sole trader operating a retail convenienvce store in Sunderland.  They had approached our network partner ‘Greentree Financial Services’ looking for a business cashflow facility, to invest towards purchasing another shop. A flexible lending facility was able to be put in place with funder ‘Liberis’, based upon merchant card sales volume.  Want to Start Funding Deals Like These? The Brokerplan Academy is a compelling opportunity for professionals looking to generate significant income from the Financial Services Industry. Established in 2004, our experienced team bring decades of collective experience from across the sector, we provide all the tools you need to succeed. With our support and wide range of broker packages, there is an option for everyone from complete beginners to experts. Speak to our business development team to find out more! Book a Call View Upcoming Events

Refinance After Refurbishment

Refinance After Refurbishment Loan Type: Commercial Mortgage Loan Amount: £487,500 Location: Newport Lender: Shawbrook Bank The clients in this case approached Bowman Finance with the intention of refinancing a bridging loan. The 11-apartment freehold property, which was initially purchased in December 2021, was bought via Auction.The client then undertook some refurbishment works, upping the estimated property value to £750,000. We were able to put in place a commercial mortgage with Shawbrook Bank.This will allow the clients to exit their current loan and release equity from the property in order to repay the directors who made the initial investment. How we secured the clients the monies they needed… Brokerplan’s Network Support Manager, David Fine Explains… The clients had bought the property at auction for £451,500 and then had put in circa £90k of works to refurbish it. They were advising us that it was now worth £750,000 and they wanted to borrow £510,000 – effectively taking almost all of their money out of the project with the refinance. That was a huge step up in value.   Generally, we find that surveyors do not value a property at much more than the project costs i.e. the purchase and refurb. cost of £541,500. So a surveyor may give it a bit of an uplift to represent some added value but in this instance an uplift of say £600k would have been expected. It’s highly unlikely for the surveyor to add £200k in value uplift. If the surveyor did this then it would mean the clients would not have been able to take out what they wanted to; the LTV would be too high (510/600 = 85% LTV and the top end would be 75%).   As such, we had to persuade the surveyor the property was now worth the £750k and so we helped the clients compile a document that showed the works they had done with before and after photos. We also did work to show that comparable flats in the area were valuing as the clients wanted them to. But most importantly, we advised the clients to meet the surveyor on site, chaperone him round, show him the works done and “spin” the property so that they saw what the clients wanted them to see.   This advice worked – the surveyor valued the property at £750k and subsequently the clients were able to take all of the monies from the property that they wished …. And move onto their next project. The clients were very satisfied with this outcome, and gave the following testimonial on their experience: “I met Robert (Director at Bowman Finance) at Sterling Networking group session, found out he specialised in property finance. We have a multi dwelling unit that required refinancing, upon doing my research and using other brokers I found that it was very niche market and not many could provide this service, so I reached out Robert and explained refinancing needs. Robert was very hands on and requested all the details of the property immediately and got to work, he got me two very favourable offers explained everything in detail. He guided us through the process with the refinance application, with a lot of work done from himself and us together we successfully obtained the refinance and it was great achievement especially having to re Bridge the property twice because of the short pool of providers of this specialist mortgage. Robert has been great to work with and Highly recommended for any specialist property finance requirements, and I hope to work with him soon with my other property finance needs.“ Hassan Uddin Client of Bowman Finance Want to Start Funding Deals Like These? The Brokerplan Academy is a compelling opportunity for professionals looking to generate significant income from the Financial Services Industry. Established in 2004, our experienced team bring decades of collective experience from across the sector, we provide all the tools you need to succeed. With our support and wide range of broker packages, there is an option for everyone from complete beginners to experts. Speak to our business development team to find out more! Book a Call View Upcoming Events

London Discovery Day

London Discovery Day – Thursday 3rd August 2023 Brokerplan held a discovery session in London today! We are very grateful to Landbay, and Beth Foryszewski for hosting us at their offices! At the event were Brokerplan’s Managing Director, John Kent and Operations Director, Simon Burke – Presenting on the Brokerplan opportunity, showing a demo of our commercial finance sourcing system ‘LenderHub’ and taking questions. If you want to learn more about how you can start your future in finance, see our upcoming events page for webinars and in-person events.

£1.7M Development Funding

£1.7M Property Development Deal One of our network partners, Bill Myhill of Jupiter Commercial Finance has recently completed on a deal! Loan Type: Property Development Loan Amount: £1,700,000 Location: South West England Lender: Blend Network The client in this case was a developer, planning to convert a property into 11 x 1 bed apartments and 2 x 2 bed apartments. The funds required were to clear some existing bridging finance on day 1, and development costs, the remaining funds were to be drawn down.The client chose to go with Blend Network, over cheaper terms from another provider as they offered a personal and quick service.Thank you to David Alcock for your support on this deal! Want to Start Funding Deals Like These? The Brokerplan Academy is a compelling opportunity for professionals looking to generate significant income from the Financial Services Industry. Established in 2004, our experienced team bring decades of collective experience from across the sector, we provide all the tools you need to succeed. With our support and wide range of broker packages, there is an option for everyone from complete beginners to experts. Speak to our business development team to find out more! Book a Call

New Video – Tell us about a deal you funded… VAST

New Video – VAST Commercial Finance Managing Director of Brokerplan, John Kent speaks with network partners Dan & Luke of VAST Commercial Finance about one of their property development deals. https://youtu.be/xRsgOx3KsOw

Purchase & Refurbishment of a Buy-to-Let

Purchase & Refurbishment of a Buy-to-Let One of our network partners, Mark Pilsbury of STAG Capital Finance has recently completed on a deal! Loan Type: Bridging for purchase and refurbishment Loan Amount: £92,000 Including 100% of the refurbishment costs Security: Residential buy-to-let property Location: Wales Lender: Signature Property Finance Signature were able to accommodate the relatively small property value, then further draw down against paid invoices and photographs of works completed. The client had no previous experience but used a contractor. Want to Start Funding Deals Like These? The Brokerplan Academy is a compelling opportunity for professionals looking to generate significant income from the Financial Services Industry. Established in 2004, our experienced team bring decades of collective experience from across the sector, we provide all the tools you need to succeed. With our support and wide range of broker packages, there is an option for everyone from complete beginners to experts. Speak to our business development team to find out more! Book a Call

First-Time Buyers – Auction Purchase

First-Time Buyers – Auction Purchase One of our network partners, Azhar Khan of Claremont Finance recently referred in a deal which has now completed! Loan Type: First-Time Buyer Mortgage Amount: £342,000 Purchase Price: £380,000 Location: Greater London Lender: Skipton Building Society This was a complex case for two families living together, two brothers and their wives. We needed to use gifted deposit from overseas and all 4 incomes to obtain the required level of mortgage with the main earner also a day rate contractor. Skipton’s flexibility in allowing 4 applicants and 4 incomes on the same application along with the allowing day rate contract income to be use at a calculation of x5 x 48 weeks enabled the customers to borrow at 90% Loan to Value and secure their chosen property which they had found at modern auction. Their quick underwriting turnaround also allowed completion within the 60-day requirement of the auction condition. Want to Start Funding Deals Like These? The Brokerplan Academy is a compelling opportunity for professionals looking to generate significant income from the Financial Services Industry. Established in 2004, our experienced team bring decades of collective experience from across the sector, we provide all the tools you need to succeed. With our support and wide range of broker packages, there is an option for everyone from complete beginners to experts. Speak to our business development team to find out more! Book a Call

2023 Network Conference

2023 Network Conference St George’s Park, Burton Upon Trent Thursday 6th July 2023 Brokerplan held it’s annual conference this year at St George’s Park in Burton Upon Trent. The event was attended by all Brokerplan and White Rose Finance staff, our network partners and 25 of our lenders and providers. The day kicked off with introductions from Managing Director John Kent and Operations Director Simon Burke, and was followed by a welcome and Q&A session from VAS Valuation Group and our main sponsor Allica Bank. The day held networking sessions, the main Expo where our lenders and advisors can meet each other and discuss products and services – And a talk from Catriona Hudson on SUMO. The event wrapped up with dinner in the evening along with lots of football-related entertainment.

New Video – Franchise Direct

New Video – Franchise Direct John Kent sat down with Franchise Direct at the The International Franchise Show last week, to discuss Brokerplan Academy. You can watch the 2 minute long video below…

£225,000 Invoice Finance Facility

£225,000 Invoice Finance Facility Recent Closed Deal! ⭐ Network partner Liam Chandler of G&S Financial Solutions has completed on a confidential Invoice Finance facility with whole turnover bad debt protection for a company based in the South East that operates in the construction sector. Product: Invoice Finance Funding Limit: £225,000 Lender: Bibby Financial Services Once a lender was sourced that was happy with this sector and the nature of the staged payments, the application had a number of complexities along the process as the client had numerous associated companies and directorships where full transparency was required. Also, the main debtors had no or little credit rating. The bad debt protection protects against formal insolvency and protracted default when a customer will not pay and the facility frees up immediate cash flow for the client. Want to Start Funding Deals Like This? The Brokerplan Academy is a compelling opportunity for professionals looking to generate significant income from the Financial Services Industry. Established in 2004, our experienced team bring decades of collective experience from across the sector, we provide all the tools you need to succeed. With our support and wide range of broker packages, there is an option for everyone from complete beginners to experts. Speak to our business development team to find out more! Book a Call