October Launch Training Event
October Launch Training Event 2023 Brokerplan held our October business launch training last week, at our head offices in Selby, North Yorkshire. We are very happy to welcome 12 new partners into the network, ready to become commercial finance brokers… This month we were joined by Shawbrook Bank for a presentation on Development Finance + existing network partner Chris Cullen, who discussed his journey to becoming a broker, sharing his knowledge and experience. Interested in becoming a commercial finance broker? Join us for a discovery day in London on 30th November 2023, at the Shawbrook Offices More Information & Booking
Highly Commended at NACFB Broker Awards
‘Highly Commended’ at The NACFB Broker Awards 2023 Brokerplan and White Rose Finance Group Ltd are delighted to have been highly commended at The NACFB’s Commercial broker Awards 2023. We were shortlisted in the categories of ‘Broker Network of the Year’ & ‘Commercial Mortgage Broker of the Year’ – And despite not winning, we were recognised and highly commended in the ‘Broker Network of the Year’ Category See a Full List of the Categories & Winners Here
Hire Purchase for Company Vehicle
Hire Purchase for Company Vehicle Loan Type: Asset Finance (Hire Purchase) Loan Amount: £8,228.70 Loan Term: 60 months Lender: Praetura Asset Finance One of our network partners, Mark Lewis of The Hoxton Finance Company, has recently completed on an asset finance deal for one of his clients. The client, a limited company were looking to purchase a used Citroen Berlingo L1 Diesel 2018, for business use. Praetura were approached to fund the deal as they offered the best rates for this client’s requirements. They also have flexibility with regards to early settlement if required. 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 Bridge-to-Let
London Bridge-to-Let Loan Type: Bridging Finance Loan Amount: £1,378,000 Location: London (E1W) Lender: Aspen Bridging One of our network partners David Kan of Auriga Commercial Ltd recently completed on a 1st Charge unregulated bridging loan. The client is this case was looking to purchase a London Flat – With an estimated property value of £2.12M. The client is an individual borrower who currently resides in China, where they have 2 buy-to-let properties let out. The client’s priority for funding was speed due to the short completion widow on the property. The planned exit route for the bridge is a buy-to-let mortgage. 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
Recent Network Deals Complete
Recent Network Deals Complete Working Capital for Cashflow Loan Type: Unsecured Business Loan Loan Amount: £75,000 Location: Surrey Lender: Fleximize The client in this case had taken on a new contract and required £75,000 in working capital, to aid with cashflow. Our network partners ‘Pinnacle Asset Finance’ were able to put a facility in place with lender ‘Fleximize’. The clients agreed to proceed with this funding due to the flexibility of the repayment loan and the ability to settle the loan early, only paying interest on the period of time they’ve borrowed for. Solar Panel Equipment Purchase Loan Type: Asset Finance Loan Amount: £42,593 Location: Preston Lender: Hampshire Trust Bank The client in this case was a limited company looking to purchase some new solar panel equipment. Our network partners ‘Smart Funding Solutions’ were able to put in place a Hire Purchase Agreement with Hampshire Trust Bank, this being the best suited and cheapest option available to the clients. 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
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
