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
£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
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
£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
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
