Finance Blog | Commercial Lending, Essex, London | first 4 Commercial

Benefits of Taking Out a Small Bridging Loan

Sometimes you need a quick fix of cash to help get a project moving forward, to pay off some bills and consolidate your debts or for a variety of other reasons. There are a few benefits to taking out a small bridging loan.

A Fast Process – When compared to a mortgage or remortgage process, a bridging loan can be much quicker, with a smooth application process taking place in days in some cases. This can be vital depending on the reasons behind the bridging loan.

Flexible Repayment Options – A bridging loan can usually be paid back in repayment terms that suit you, as long as it doesn’t go over a 12-month period. There is also the choice of whether to draw on the loan in stages during an agreed period of time.

Secure Exit – As most bridging loans are taken out with a view to being able to pay off the loan in full due to the sale of a property or refinancing, it makes it an attractive and flexible proposition. This secure way of exiting a loan is much safer than other options.

First4Commercials understands how to help you get to where you need to be, with small bridging loans available for a variety of personal and commercial interests. If you’d like to speak to a member of our team call us today and we’ll be happy to talk through your specific requirements and put together some advice to suit you. We look forward to hearing from you.


Interest Only Mortgages on a Commercial Basis

When it comes to commercial mortgages we understand that there isn’t one option to suit everyone. Flexibility is key to us at First4Commercial and here we take a look at interest only mortgages for commercial interests.

Low Monthly Payments – When compared to the repayment option you are likely to be paying a lot less per month with an interest only mortgage. This allows you to put aside the amount required at the end of the agreement period.

Lump Incomes – For some business owners you know that you’ll be receiving a large lump sum of money through the closure of a deal or sale of a property. In these instances an interest only mortgage is the perfect option to help you pay off in full, faster, and cheaper than with a traditional repayment approach.

Flexible Payments – Unlike the traditional repayment option there is greater flexibility in terms of what you can pay back. This is great for businesses that might have fluctuating cashflow and can pay more back at certain periods of the year.

Property Developers – Interest only mortgages are perfect for those with property interests. It provides more upfront cash to go into renovation, rather than repayments and you’ll have more money to play about with once the property is sold and the loan is repaid.

If you would like to find out more information about how an interest only mortgage could be of help to your business, call us today. Our team of specialists understands how to help business owners get to where they need to be. We’ll ready to help with interest only mortgages for commercial ventures.


Commercial Mortgages for Trading Businesses

For trading businesses a commercial mortgage can be used for a variety of purposes, and with a range of benefits. If you are looking to develop existing property, branch out into new premises, extend your current building, or buy land to develop for future commercial projects, we can help you with a mortgage.

There are a number of advantages to obtaining a commercial mortgage.

Capital Gains – Purchasing commercial property can offer substantial capital gain. It is a great way to realise capital growth over a longer period of time as the valuation increases.

Lower Interest Rates – You can typically find lower rates of interest than with an unsecured agreement. A fixed monthly payment on your commercial mortgage is also a great way to have an accurate forecast of your budget.

A More Solid Future – Repayments on a commercial mortgage are unlikely to cost you more than rent, but with time your equity and foundation as a business continues to grow.

Rental Opportunities – Owning your commercial space allows you to be flexible. In future if you have spare rooms you can rent those out to generate extra income.

First4Commercial understands the landscape for business owners looking to obtain a commercial mortgage for whatever reason. Contact us today to speak to a member of our team and we’ll be happy to help.


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.


Who are Bridging Loans Good For?

There are many types of situation where finance is required fast. Sometimes you can lose out on a property, or be unable to refurbish your home because you just haven’t got the cash, or you’re waiting for a longer-term financial solution and it just isn’t quite ready. This can be frustrating, but bridging loans can make the difference and ensure you don’t miss out.

Property Developers – One of the most popular reasons for a bridging loan application is from those individuals who are trying to purchase a property in a short period of time. For property developers and those buying at auction this can be the crucial missing piece of the jigsaw to get a deal signed and sealed, whilst the paperwork for the mortgage is going through.

Prospective Buy-To-Let Landlords – If you already own a property you might be thinking about refurbishing it with a view to selling it on, or leasing it out to tenants. In many cases a bridging loan can provide the finances to do so.

Business Owners – Sometimes there will be bills to pay urgently and wages to pay on time, even though your cashflow isn’t quite there at the moment. A bridging loan can ease the worries for the short-term until your customers pay their bills.

First4Commercial are experts in the field of bridging loans. We understand why you need financial assistance and can help you achieve your goals with short-term help to bridge that gap. Contact our team to find out more information about how we can help.


Getting a Property Ready for Tenants

As the owner of a buy-to-let property there are many things that you have to take into consideration before the property becomes a home for your tenants. Bridging finance can be the source of cash that you need to get the place spick and span and ready for your new tenants.

Inside the Property – The internal living space has to be homely and right for your tenants. You’ll need to ensure that it is completely clean, decorated to a suitable standard, furnished correctly and amply, and that any problems of functionality with appliances or other parts of the house are fixed in advance. Some properties might require a substantial renovation or refurbishment before tenants come into the equation.

Property Exterior – It might seem that the exterior requires less attention than the interior but this isn’t always the case. Especially if you haven’t already got tenants lined up the outside of your property has to look enticing, with the number clear and any wooden aspects painted. A well maintained garden, if you have one, is also an important consideration. If there is a driveway or parking spot, ensure it is also well maintained.

First4Commercial is the right place to turn should you require a lump sum of money in the short-term to help get your buy-to-let property in order and ready to be leased to new tenants. Give our friendly team a call today and we’ll be happy to help give you the solution to your problems.


Bridging Finance for SMEs

In an, often, uncertain financial climate it can be difficult to acquire much needed funding as the owner of a small business. Looking for help to take your business to the next level, or requiring some financial aid to take those first baby steps as a company, is difficult.

With traditional High Street banking options not always viable, bridging finance providers are the only place you can realistically turn. For many business owners the biggest problem at the beginning is cashflow. At certain points for each business it can be difficult to balance being able to pay wages and bills, with income arriving later than planned. Bridging finance can help you alleviate these short-term problems, and weather little storms that can destroy businesses if left unattended.

In situations like this the need for an injection of capital in a timely manner is crucial, allowing you to stave off financial problems that could cause finality for your business, and give you breathing space, knowing that the next payday is soon approaching. Until you reach calmer waters as a strong company, bridging finance can provide those necessary moments of financial assistance.

If you’d like some assistance with your business, either as a start-up or as a small business looking to take the next step, First4Commercial has the expertise to help you. Give our exceptional team of bridging finance specialists a call today and we can help you take the next step in your business plan.

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