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Short Term Funding Solutions
Stop Repossessions (even where a client is un-mortgagable)
Purpose – to pay off mortgagee
A loan to quickly pay off the mortgagee and avoid the clients property being repossessed, while at the same time paying off any unsecured credit. The loan then would continue long enough to repair the clients mortgage profile (up to 9 months) enabling the broker to re-mortgage the client with a traditional mortgage lender.
Credit Repair (commercial & residential)
Purpose – allows client time to repair credit status
A loan to take your client out of the focused eye of the mortgage market and give them a period of grace so that they can manage their affairs in a proper manner and then relaunch themselves back in the mortgage world when they have their position under control. Can consider heavy adverse.
Daylight Bridging Finance
Purpose- to enable a client to re-mortgage day one.
A one day loan to enable a clients solicitors to confirm title prior to drawing down a re-mortgage.
Cash-buyer Status
Purpose – effectively positions client as “cash buyer”
A loan agreed and formalised within 24 hours to enable clients to negotiate significant reductions in the purchase price of properties for quick completions.
Funding Undervalue Purchases
Purpose – to maximise the gearing in a property transaction
A loan based on the actual value of a property and not the purchase price. Thus, a client has the ability to borrow up to 100% of the cost of a property (subject to valuation) and then re-finance the transaction out using a traditional lender.
Refurbishment Facility
Purpose – allows client to buy and refurbish property quickly
A loan to support your client with the purchase of a property and then undertake the refurbishment before it is eventually presented to a mortgage company or bank for long term finance or sale. With a buy to let mortgage in place the client is then able to maximise the amount of the buy to let mortgage due to the fact that it is a simple “refinance”
and so the original discounted purchase price is not a factor.
Bankruptcy Annulment/Discharge
Purpose – allows client to annul bankruptcy
A loan to pay off creditors and thereby annulling a bankruptcy.
Inheritance Tax Management
Purpose – allows client to pay IT to access estate
A loan to get round this classic “chicken and egg” situation whereby a client will need to pay the IT before they can have access to the inherited estate.
Auction Purchase
Purpose – provides finance for the buyer to purchase at Auction
Funding can be easily arranged within the typical 28 day auction timescale
Credit Consolidation
Purpose – allows a client with sufficient equity to clear unsecured credit prior to re-mortgage.
A loan to refinance all unsecured credit to address immediate serviceability issues and allow easy re-mortgage.
Alternative To Sale And Rent-Back
Purpose – avoids need to sell property in a distressed sale at fraction of true value.
A loan which will avoid the need for your client to sell their property to a property investor in a distressed manner at a fraction of the true value. This loan will help your client consolidate their position and then allows their broker to structure a longer term finance package or achieve a controlled sale of the property at its true value.
Professional Bridge Finance
Purpose – provides funds to professional clients
A loan to professionals (doctors, dentists, solicitors, accounts etc) who have experienced a short term cash flow problem. This facility is very quick, easy and cost effective but also discrete and totally confidential (no references will be requested).
Divorce Settlement
Purpose – releases equity and facilitates separation
A loan to release equity and allow two parties to complete their divorce settlement and all related professional costs and start their new lives immediately. The Broker can then re-mortgage the clients.
All of these solutions provide the opportunity for you to earn two fees while completing transactions that may otherwise have failed.
For more information please call 0845 40 40 240
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