our services in Manchester
We are a professional bridging loan broker in Manchester, offering a range of professional services. Below, you will find the main services we can offer you.
- Loans up to 70% LTV
- Rates from 8.99% Pa
- Low Exit Fees
- Loans from £250,000 to £10m
Auction financing is a phrase that is used to describe a bridging loan or a short term loan that is utilised for the purpose of purchasing real estate at auction.
If you want to purchase a property in Manchester at auction, you might require finance in order to complete the transaction. Auction loans in Manchester are a type of specialist lending product for this purpose.
Long-term finance is not suitable for auction purchases, which have a completion of 28 days maximum. However, this form of short-term finance has a very quick turnaround. You can use it to purchase property at auction, both residential and commercial, and get quick access to the funds thanks to our streamlined process.
You can have access to short-term financing in the form of a bridging loan, which allows you to pay for anything while you wait for money that is owed to you. A bridge loan is a short-term loan that can be used for a variety of purposes, including the purchase of real estate, the launch of a new enterprise, or even the payment of taxes.
If you want fast access to funds to acquire property, a bridging loan in Manchester could be suitable to avoid extensive paperwork and delays. These are sophisticated loans, but they are suitable for a range of borrowers, including individuals and enterprises. They can be used for a wide range of purposes, including buying or renovating a property.
If you’re looking for the best development loans in Manchester, contact Hank Zarihs and use our intermediary service to simplify access to the right development finance.
Financing for the acquisition of land or sites and the construction of new residential, commercial, or mixed-use structures is known as property development financing. All new building projects and renovations or repurposes of existing structures count. Financing for new construction is normally paid back within six to thirty-six months after the structure is finished, in contrast to the thirty-five years that might pass on a mortgage for a home. Commercial development financing is quite similar, except that the money is used to build up businesses rather than private residences. Lenders typically want a signed rental or purchase contract before they would provide financing.
Used by builders, developers and landlords, short-term development finance is needed for many purposes, including funding refurbishments and developments. While it is more suited to experienced developers, new developers can take advantage of it too.
A term loan is a type of commercial loan that has a predetermined repayment schedule. A fixed or floating interest rate is required for loan repayment by businesses. Term loans are often only offered to well-established enterprises, and they could ask for a sizable down payment in order to lower monthly payments and loan costs.
Term loans are typically used for long-term expenditures like corporate development or modernization, or to buy fixed assets like land, buildings, or machinery. They are also occasionally used for project finance.
A Term loan can be used for many purposes, you might want a term loan for your HMO portfolio, but they are suitable for all asset classes. Contact us so we can help you find the finance you need without delay.
For commercial mortgages in Manchester, contact us to find the best deals. We work with respected lenders, and we help a wide range of borrowers.
For purchasing or designating any land or property for commercial use, commercial mortgages are employed. They are a form of commercial loan that is backed by a piece of real estate, such as a retail complex, apartment building, warehouse, or private office.
Since there are no fixed rates for commercial mortgages, each application that is presented to a financing manager is carefully examined as they consider the risk factors.
A commercial mortgage typically has a period of 3 to 25 years. If you require a loan with a shorter term, you may want to consider a bridging loan or development loan.
Businesses use commercial mortgages to purchase and improve properties. Commercial investment mortgages are used to buy a property to rent, while owner-occupied commercial mortgages are used when you operate the business from the building.
To buy a property from auction fast, whether residential or commercial, JV funding is often suitable. Because of the expense of developing properties, there is a high demand for finance, and joint venture finance can be a suitable option.
A joint venture (JV) is an agreement between two or more parties to combine their resources in order to carry out a certain objective. A new project or any other type of commercial activity might be this task.
Each member of a JV is accountable for the venture’s gains, losses, and expenses. The endeavour, however, exists independently of the partners’ existing commercial ventures.
Borrowers need tailored solutions, and joint ventures provide this, where the investor or partner agrees to funding in exchange for a share in profits. This can be a good choice if you want to get going on a project and capital is limited. Contact us to arrange JV funding in Manchester.
Why Choose Us?
When you are getting a bridging loan broker in Manchester, make Hank Zarihs Associates your first choice.
We will always work hard to find the best rates. Thanks to the fact we work with a panel of experienced lenders and excellent track records, you can access the best rates from trusted lenders.
We offer a wide range of loans. Many bridging loans in Manchester are not available on the open market because they are specialist products. We can help you access several loans and deals that you would not be able to find otherwise.
We are fast and very efficient, which is essential for our clients. We can help you find a bridging loan in Manchester in a very short time, gathering quotes from lenders in an hour and often arranging the loan in days.
We provide tailored advice and transparent information to our clients in Manchester, so you can trust us to deliver and have confidence in the products we secure.
Finally, our customer service is unmatched. We build long-term relationships with our clients, providing them with maximum value every time.
our sales process
Call us today to discuss your enquiry. We'll find out what product is suited to your needs - we just need 5 mins of your time.
Once we've received terms from our select panel of lenders, We'll inform you of the options you have and then you'll let us know which offer to proceed with.
Once you've selected the perfect lender, we'll go ahead and package the application on your behalf, making it a seamless and easy process. We'll then instruct valuation and legals on the same day.
Once the case has been submitted and the valuation report is back the case will be formally offered and funds can be made available to drawdown, subject to the legal due diligence being complete – From start to finish, we can have deals ready in as little as 7 working days.