Mark Chandler

Mark Chandler

Recent Posts

Is it time to borrow against existing assets or utilise cash?

Posted by Mark Chandler on Jul 20, 2020 5:36:59 PM

Financially, the Covid-19 Crisis is being billed as the worst recession in living memory and, in truth, the financial element is still to hit. So what do we do? As in all financial crises there are winners and losers. The government has waived stamp duty on purchases below £500k to stimulate the market but, in times of uncertainty, will that be enough to stop a fall in asset values?

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Topics: Asset Finance, Commercial Property Finance, Business Finance

Bridging Finance

Posted by Mark Chandler on Jun 22, 2020 1:13:47 PM

This is a general term that refers to short-term finance in relation to the purchase or refurbishment of property. It enables you to move quickly to secure desirable properties and, whilst it is more expensive than traditional forms of property finance, it gives you the ability to exploit property transactions at short notice. These types of loans are typically available up to 65% of the 90 day value of the property, with interest rates ranging from 75% per month to 3% per month. With fees of 2% on entry of the loan and 1% on exit of the loan. It will be prudent to point out with bridging facilities an exit strategy is always required to be in place at the outset. Terms range from 3-18 months

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Topics: Bridging Finance

Property Development Finance

Posted by Mark Chandler on Jun 15, 2020 10:07:23 AM

Property development finance is a flexible way of financing the development of commercial and residential properties for onward sale to third parties or heavy refurbishment of existing properties. Typically, a deal can be financed if the business can inject the funds to purchase the land, with finance available up to 85% of overall costs -normally capped out at 65-75% of Gross Development Value (GDV).

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Topics: Property Development Finance

Investment/Portfolio Finance

Posted by Mark Chandler on Jun 9, 2020 11:28:57 AM

This refers to property ownership for anything other than self-occupation. This enables you to build a comprehensive property portfolio to, for example, save for retirement or provide ongoing income for your family. Typically, finance is available up to 80% of the property value with interest-only options available, and lenders tend to look for a minimum 125% coverage of the repayments by rent at a stressed base rate of 3.5%.

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Topics: Portfolio Finance

What you need to think about when considering a Commercial Mortgage

Posted by Mark Chandler on May 21, 2020 2:31:48 PM

Commercial mortgages are available to a wide variety of businesses, from sole traders to limited companies. They are a very versatile method of raising funds for property purchase, property refurbishment and capital restructuring.The lending criteria will be based on the ability of the business to service the loan repayments, which is aligned to the profitability and cash flow of the company. Ideally, most banks and Finance Houses will look for a two times services coverage of the loan repayment, but in certain circumstances this can be relaxed. 

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Property Finance Options

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