September 2017 - First 4 Commercial

A Brief Guide to Commercial Bridging Loans

A bridging loan for commercial principles is funding secured to literally ‘bridge’ the gap that often occurs between the property transfer process beginning and the final transaction taking place. It ensures that the purchasing party does not miss out on a desired property. There are a couple of reasons that are traditionally behind the reason for commercial bridging loans being acquired by a business owner.

The first reason that bridging loans are required for many is if there is a chain of property involved. This is something that is often referred to in residential properties, but is equally valid when discussing the purchase of commercial property also. Another reason that commercial bridging loans are required is when new business premises are being funded by the sale of another building. The loan allows the purchase to go through whilst the funds are released from the sale of the other commercial property.

Without the assistance of commercial bridging loans for the purpose of securing work premises for a business, many transactions would fall through due to a lack of funding, or delays in property chains that so often take place.

If you are interested in talking to a team of dedicated bridging loans specialists, with a view to purchasing a commercial property, contact First4Commercial today. We have the skills, the know-how and the experience to help you secure funding for your dream commercial move. Call our team on 01277 620083 and we’ll be happy to offer you advice and guidance.


Becoming a Commercial Introducer with First4Commercial

At First4Commercial we are always looking at ways in which our clients can benefit from other services and how we can help a broader audience. If you believe that our services are perfect for your clients, why not speak to us about becoming one of our chosen commercial introducers?

A commercial introducer through First4Commercial will become a trusted member of the wider team, earning competitive commission rates and working within an environment that is beneficial not only for you and us, but also for the sake of your clients.

What are the benefits you can expect to experience as a First4Commercial introducer?

The first thing is that we really do offer a competitive structure of commission. Nothing is hidden and we’ll be clear with the payments you can expect to receive from us when you first sign an agreement with us. The service agreement we have developed allows you to focus on the aspects of your business that you are skilled at, allowing us to provide the expertise in areas that we understand. This can drastically reduce the workload for you and your clients, improving the all-round service.

As we mentioned, we have built a trusting environment that benefits all parties, and with that in mind we can guarantee that we’ll never cross-sell to your clients, as we want to work with you for the long-term. You can be involved with the process as much, or as little as you want to be and throughout our collaboration we believe in clear communication and fast decisions and quotes.

For more information about the benefits of becoming a commercial introducer with us, contact our friendly team, who can explain how your customers can benefit from our relationship.


Perfect Time to Remortgage with Hint of Interest Rate Rise

There have been suggestions from a member of the Bank of England’s rate-setting committee that there could be an increase in interest rates in the next few months, a change that would have an impact on those individuals seeking a mortgage, or negotiating a remortgage of their existing property.

What would a rise in interest rates mean for those who wish to invest in property?

It actually might mean that right now is the perfect time to invest in your property portfolio, before repayments become higher. Fixed-rate mortgages are at their most popular ever, mainly due to the fact that many of them are of a good value.

Use this uncertain time prior to any increase in interest rates to seek out either a remortgage of your property, or a new mortgage, taking on-board a fixed rate for a certain period of time, that will ensure you are unaffected by any increase in rates that comes in the next few months.

If you are looking for some advice and guidance in relation to investing in residential or commercial properties, First4Commercial have the experienced team to help you get to where you need to be. We have the knowledge and skills to provide bridging loans and commercial capital to get the job done, adding to your portfolio or providing finance as you remortgage a property.

For more information, contact our team today on 01277 620083 and we’ll be happy to help. The uncertainty of future interest rate increases by the Bank of England actually make today the best time to look into a new fixed-rate mortgage, our team can guide you through the entire process.


Securing Auction Loans for a New Property Purchase

In much the same way that a traditional bridging loan is used to help a buyer purchase a property that they need completed within a fast timeframe, a commercial auction loan helps to finalise a transaction in a scenario that has a number of nuances and strict criteria when compared to traditional property purchases.

One big difference between a traditional property transaction, and that of an auction purchase is that a deposit is required almost immediately after your bid has been accepted. That is why it is important to have in place your auction finance prior to entering the auction room.

In an auction room it is expected that the buyer be in a financial position to put down a 10% deposit immediately, with a strict timeframe for the remainder of the purchase funds to be provided, up to 20 days in most cases. It is during this period that commercial auction finance can be of great benefit should you be waiting on funds from other sources but wish to complete the transaction as quickly as possible.

If you are tempted to venture into the auction market to find a dream property, of either a residential or a commercial nature, do not go in under prepared. Contact the First4Commercial team today on 01277 620083 and we’ll be happy to talk through the entire auction process, what to look out for and expect, and how with our experience and skills you can be ready to fund purchase of a property at auction with the help of a bridging loan.

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