March 2017 - First 4 Commercial

Bridging Finance to Assist in Moving Offices

In any business there will be changes along the way, changes in circumstances and a need to evolve, grow and shape-shift depending on the new route. One of those instances is when a business requires new office space, either to expand in a new location, or to downsize to best utilise the equipment and staff numbers that you have.

If your business needs to move to a new working premises as a matter of urgency you might not have the funds spare in order to do so right now. In these instances a bridging finance could be the help you need to make it happen before you miss the boat.

Although you might not have the business savings to put a deposit down on a larger office space, a bridging loan ensures you can do it right now, purchasing the property and using the premises as security. As long as you have a strong business plan in place that allows you to expand the business, add new staff and build your business to be in a position to pay back the bridging loan within the agreed period.

To find out more about bridging finance to assist your company in moving offices give First4Commercial a call and a member of our friendly team will talk to you in-depth about your specific situation. Bridging finance could be the key to allowing you to get the job done, moving offices to allow your business to evolve the way it needs to in order to thrive.


Bridging Loans to Prevent Repossession

One of the worst scenarios that a person can find himself or herself in is a repossession order against a building that they own. Whether a commercial property that houses businesses, or their home, missed payments on a mortgage in the worst circumstance can result in the lender trying to gain a court order in order to repossess the property against the payments missed.

When a latter stage repossession proceeding has begun there will only ever be a short period of time for the property owner to find the cash to make up the shortfall arrear payments, or to sell the property as the other option. A bridging loan allows the owner to make a payment and in doing so, put a hold to proceedings with the repossession of the property.

The benefits of bridging finance in this instance is that it doesn’t solve the problem entirely, but it does give breathing space to put together a long-term plan that suits your needs and provides a solution. This can be in the form of then selling the property, or restructuring payments to the lender.

For those reading that are in a situation where their property is in danger of being repossessed, all hope is not lost. Give First4Commercial a call and our specialist bridging finance experts can talk in-depth about your personal situation and do what we can to offer a loan that allows you to make repayments to the bank in the short-term and keep your home or business premises from being repossessed.


Help with a Personal Loan of up to £25,000

Are you staring at your projected figures and wondering where you can secure a personal loan to that value? First4Commercials can offer personal loans up to £25,000, to help you consolidate your existing debt, pay for a big family holiday or for a refurbishment project at your new home. There is always an option for financial assistance, and we have the values and specialist team in place to make it a reality for you.

There are many reasons why you might require a large personal loan. Finding it can make a huge difference to your ability to:

  • Pay for the refurbishment of a property
  • Go on a holiday of a lifetime
  • Repair your car in an emergency
  • Consolidate debt
  • Acquire a new car

First4Commercial offers a personal loan between the value of £1,000 and £25,000, have a look through our criteria and if you are eligible, apply through the site and have an answer to your application within a fast timeframe.

  • Applicants must be 24 – 72 years of age at time of application
  • A clean credit history – no CCJs or payment defaults
  • Minimum annual wage of £14,500
  • Can be home-owners or tenants

First4Commercial has the capacity to offer you a personal loan up to the value of £25,000, with competitive rates and low overall fees for our clients when compared with other providers. If you would like to find out more about how we can help you with a financial package to suit your needs contact us today, either via the web form or by calling us direct on 01277 620083.


Reasons to Invest in Buy-To-Let Property

As demand for rental property has almost doubled since 2010, with a growing population and fewer people of younger generations applying for mortgages than in the past, owners of buy-to-let property are in a great position to reap the rewards.

There are a number of reasons why you should be looking to invest in buy-to-let property. These include:

Economic Stability – Having a buy-to-let property as part of your portfolio allows you to see long-term financial rewards aside from the property you actually live in.

Rising Rental Yields – Not only will you cover the mortgage payments and have the value rise on your rental property, rental yields continue to rise, meaning you’re getting more back from your investment over time.

Growing Renting Population – The percentage of people looking to rent, rather to buy, a home continues to rise as population numbers do. The demand is high for good quality rental accommodation, ensure you’re there to capitalise.

Whatever your reason behind investing in buy-to-let property, be sure to speak to professional advisors about a specific buy-to-let mortgage for the property in question. They will be able to explain everything in depth about the process of purchasing, as well as the type of rental yields you can expect to experience.

If you would like advice on financial assistance in order to invest in buy-to-let property and rent it out to tenants, give First4Commercial a call today. Our experts understand the rental landscape and are here to help you make the right choices with your money.

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