Direct access to over 200 lenders.
Its main aim is to provide flexibility of funding using credit or leasing facilities to
purchase assets for your business, such as machinery or equipment needed
to run or grow the business. It is, in the main, more competitive than bank funding.
It is financed from working revenue and has affordable, regular payments
which ease cash flow. Fixed rates are available and there are possible
This can be a bewildering area of finance with various commercial mortgage and
property investment schemes. There are probably as many different schemes as
there are business scenarios. An independent financial broker such as
Commercial Expert Ltd will have access to competitive rates and a
range of lenders and finance sources – prime lenders (high street names) and subprime
lenders. This broad access allows us to answer enquiries from self-employed,
sole traders, partnerships, those with adverse credit and other non-status situations.
Asset finance can be plant – machinery and tools, vehicles – cars to combines,
equipment – computers to construction. The general criteria is that the asset is
to be identifiable, durable and moveable.
Complete our quick online enquiry form and one of our
specialists will contact you to discuss your specific options.
Refinance & Capital Raising – London
Refinance and Capital Raising – Total Loan £508k
The situation: We were approached by the son of an existing client to refinance a flat he owned in London. The aim was to pay off existing lender and raise some additional capital for plans he had in place. There were a couple of key issues in that the rent did not support the level of borrowing required in terms of the lenders stress tests and due to not being on the voters roll and not being able to prove his address due to correspondence all being sent to the business address.
The solution: The father was added to the loan request and his salary was taken into account to support the shortfall on the rental stress. The client has been renting out and managing properties for over ten years, had a good credit history and good supporting income. The total loan was £508,250.00 on an interest only basis for five years.