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
Why Join a Network?
Why Join a Network – FIBA Magazine Brokerplan Academy has been featured in the March edition of FIBA’s Advantage Online! Managing Director John Kent discusses the Brokerplan programme, and why joining a network is beneficial to independent brokers… Read Full Article
2 Recent Holiday Let Deals
2 Recent Holiday Let Deals One of our network partners, Ian Pask of Pask & Pask Commercial Finance has recently completed on a deal! Loan Type: Buy-to-Let Loan Amount: £368,100 Location: Hampshire The client in this case was looking to purchase a new holiday let property, a four-bed detached house by the sea, with a purchase price of £535,000. This was a holiday let property which didn’t have ASTs in place and wouldn’t meet the lender’s affordability solely on the market rental income, so the lender, Together, based the affordability on the director’s personal income. Another network partner Andrew Wattsford of Wattsford Commercial Finance completed on the following deal! Loan Type: Buy-to-Let Loan Amount: £350,000 Location: Bradford The clients in this case had purchased the property in late 2020 and obtained planning to change the downstairs commercial unit into residential space, which allowed for expansion of the existing apartments in the building. The client approached Wattsford Commercial Finance to source funding of £350,000 which would be used to replace funds put in by the client for the initial refurbishment, the short-term lending, and their SIPP. The recently refurbished multi-unit property, now consists of 5 flats, owned on a single freehold, valued at £500,000. The client had no experience and the properties were a multi-unit conversion where the income was projection led, despite this we managed to get the case completed with The Cumberland. No other lender in the UK would have done this and so, although it took some time to get through, ultimately the client was happy with the outcome! 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
The Brokerplan Academy – FIBA Magazine
The Brokerplan Academy – FIBA Magazine White Rose Finance & Brokerplan Academy have been featured in the February edition of FIBA UK’s Advantage Online! Managing Director John Kent discusses the Brokerplan programme, how it has developed and grown in recent years, and our accreditation with The London Institute of Banking & Finance. Read Full Article
February Launch Training
February Launch Training Brokerplan Academy held our business launch training at our head offices in Selby this week. Nine new trainees attended, as well as three current network members returning for refresher training. Brokerplan’s training programme was recently accredited by the London Insitute of Banking and Finance (LIBF) – You can read more about that here.
Commercial Education Programme – B&C Magazine
Commercial Education Programme – B&C Magazine White Rose Finance are featured in this month’s Bridging & Commercial Magazine! Managing Director John Kent discusses our recently secured The London Institute of Banking & Finance (LIBF) accreditation on our Brokerplan Academy training programme! Read Full Article
The New AR Regime – NACFB Magazine
The New AR Regime Brokerplan Academy / White Rose Finance’s MD John Kent appeared in this month’s edition of the NACFB’s Commercial Broker magazine. The article covered the Financial Conduct Authority’s new AR regime and its impacts on brokers. Read Full Article
£300k Secured Business Loan
£300k Secured Business Loan One of our Brokerplan network partners, Barbara Cação of CC Finance has recently closed a £300,000 business loan. They were approached by a client who had successfully launched a hotel in 2018 and was in the process of expanding into an adjacent premise – However, needed to cover the remaining costs of this expansion. The new premise had building works and fit out that had to be completed before opening, with the client struggling to find a lender who would support these costs of works. Security was available but ideally only as a 2nd charge to sit behind an existing commercial mortgage – with a full refinance deemed too expensive. Barbara Cação, Director of CC Finance said, ‘When approaching a specialist lender to fund the soft assets for the fit out it turned out they had an appetite to fund the entire deal, not least because we had shared a comprehensive narrative of the client’s funding requirement. Consequently, this not only enabled a maximum loan amount for the client but also boosted time to completion.’ A facility was found and put into place that met the following client requirements: A 2nd charge on the commercial premise as a repayment facility over 5 years. No charge on the client’s personal property. No re-valuation needed on the commercial property (existing report acceptable) Flexibility offered despite some adverse credit in the background of the company and an insolvent balance sheet An APR of just over 15% with a 0.5% arrangement fee. Speed – the facility was put into place within 4 weeks
