Specialist Bridging Finance Products to tick all the boxes Purchase Apply for Planning Development Finance Developer Exit Sale of Properties We spend a great deal of time speaking to brokers and introducers from all over the country at our roadshows. They are a tremendous success because of the knowledge attendees can gain. One of the most important areas of knowledge we can pass on is the opportunities that have arisen with lenders over the last few years, mainly because of innovative product launches. Hampshire Trust Bank is a great example, as they were one of the first lenders to launch more descriptive product ranges into the short term finance market. When we speak to our fellow professionals, it is often surprising they are not aware of products such as Developer Exit and Pre-Planning Bridging Loans. A Pre-Planning Product allows a customer to purchase a property prior to obtaining planning permission and then use the increased value with planning to secure development finance. Developer Exit products allow a customer to repay what can often be expensive development finance when the project is at practical completion and raise further funds for their next project. The next time an enquiry lands on your desk and you need specialist help, call Specialist Bridging Finance free on 0800 810 1333. CASE STUDY Need: Limited company developer client looking to raise capital on a completed development, to enable them to repay existing development finance and purchase their next development project. Issue: The existing and expensive development finance had under 2 months left on the term, so speed was vital. Also, one of the directors had experienced credit issues in the past and had previously been a director/ shareholder of a failed property developer. Solution: We overcame the credit issues by making a very strong case that would make it difficult for any lender to refuse. We arranged a Developer Exit product on the completed development and a pre-planning bridge on the property being purchased. The rate was much lower than the existing development finance. The result: Our clients were able to complete the purchase of their next project, within the timescales set by the vendor and before the property was offered to the wider market. Feedback: Their MD said: “This is an invaluable product for serious property developers and allowed us to begin the process on our next project far earlier than we would normally expect. A fantastic job, well done.” Spotlight on Hampshire Trust Bank Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions. They take a pragmatic, holistic and personal approach to underwriting with straightforward processes. Their Commercial Mortgages team provides structured specialist lending with tailored solutions for SMEs, trading businesses and investors. Offering bridging and term finance secured against buy-to-let, semi-commercial and commercial property with loan amounts from £100,000 to £10m. The bank is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority. What our Introducer said... “Excellent fast service as always.” Barry D., Broker What the customer said... “SHF was excellent. Very responsive and professional.” Miss W & Mr R. www.SpecialistHub.co.uk 17
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