If you’re looking to purchase a property through an auction in Portsmouth, you’re likely aware that you need specialist finance to facilitate the transaction. Fortunately, auction loans are designed explicitly for this purpose, providing short-term lending solutions for a variety of property investments, including property renovation, land development, and commercial or residential property acquisition.
Why Auction Finance is Ideal for Purchasing Property at Auction
The auction process has unique requirements, one of which is the completion of the transaction within 28 working days or less. Unlike traditional long-term finance, auction finance is engineered for quick turnaround times, providing swift access to the funds necessary to complete the transaction. Auction finance is the ideal solution for purchasing property at auction, whether commercial or residential, in Portsmouth or elsewhere.
How Auction Loans Work
The process of obtaining an auction loan is streamlined and straightforward. Our team of experts has extensive experience in the auction finance market and is well-versed in the intricacies of the auction process. We work closely with each client to provide bespoke lending solutions that fit their individual requirements.
Once you’ve found the property you want to purchase at auction, you can contact us for a consultation. Our streamlined process ensures that you receive tailored offers in as little as 20 minutes. We understand that speed is essential in auction finance, and we work closely with each client to provide financing solutions that meet their specific needs.
If you’re struggling to secure long-term financing for your property investment, a bridging loan could be the perfect solution for you.
A bridging loan is a short-term finance option that bridges the gap between the purchase of a property and the arrangement of long-term funding.
These loans are becoming increasingly popular among individuals, developers, and enterprises who need to act quickly to secure a property or investment opportunity. In this article, we’ll discuss why bridging loans could be the ideal solution for your financing needs and how Hank Zarihs can help you secure the right loan for your investment goals.
The Benefits of a Bridging Loan
- Quick access to funds, allowing you to act quickly on investment opportunities as they arise. This is particularly important in today’s fast-paced property market, where opportunities can be lost in a matter of hours.
- Can be used for a variety of purposes. Whether you’re looking to renovate a property, purchase a commercial property, or invest in any other opportunity that requires quick access to funds, a bridging loan could be the ideal solution for you.
- Bridging loans are flexible, with repayment terms ranging from a few weeks to several months. This allows you to tailor the loan to your specific needs, ensuring that you have the financing you need when you need it.
As a landlord, builder, or property developer, securing financing can be a challenge. Traditional mortgage products may not be suitable for your needs, and accessing development finance can be complex and time-consuming. Fortunately, our expert intermediary service is here to assist you.
We work with a panel of trusted lenders who specialise in short-term development finance, making it easier for you to access the financing you need. Our lending panel comprises a range of lenders with years of experience in the industry, allowing us to provide tailored lending solutions that meet our clients’ unique requirements.
What is Development Finance?
Development finance is a type of financing used to fund property refurbishment or development costs. It’s a suitable option for experienced borrowers, but we can also assist first-time developers in navigating the complexities of securing development finance.
Our development finance solutions are ideal for anyone seeking to purchase a property at auction or secure finance against an uninhabitable property, where a standard mortgage is not applicable. We understand that every client’s needs are different, which is why we provide bespoke solutions that are custom-tailored to your unique requirements.
If you are in need of financing for a personal project or business venture, term loans may be the ideal solution for you. Our team of experts specialises in connecting borrowers with lenders who offer the most competitive rates and flexible terms to cater to your specific needs.
What are Term Loans?
Term loans are a popular financing option for businesses seeking to fund long-term projects or purchase fixed assets. This type of loan involves borrowing a lump sum of money that must be repaid over a predetermined period, typically ranging from one to ten years. These can be secured or unsecured, meaning they may or may not require collateral.
Advantages of Term Loans
One of the primary advantages of term loans is their typically lower interest rates compared to other types of financing. Interest rates may be fixed or variable, but they are generally lower than credit card rates or lines of credit. Furthermore, term loans offer flexible repayment terms that can be customised to suit your specific requirements.
Term loans are particularly popular among business owners because they can be used for both short- and long-term goals. Whether you need funding for a new project, expanding your business, or simply managing cash flow, term loans can provide the necessary capital to help you achieve your goals.
If you’re a business owner who recently acquired a commercial property, you may be wondering about financing options to further expand your business. One of the best options to consider is a commercial mortgage.
What is a Commercial Mortgage?
A commercial mortgage is a type of loan that is specifically designed for businesses or investors looking to buy or refinance commercial properties. These properties may include office spaces, rental properties, mixed-use buildings, and even vacant land sites. Unlike residential mortgages, commercial mortgages are secured against non-residential or commercial real estate and offer more flexibility in terms of repayment periods and financing options.
Benefits of a Commercial Mortgage
The benefits of obtaining a commercial mortgage are numerous. Firstly, commercial mortgages offer lower interest rates compared to other forms of financing, such as unsecured loans or credit cards. This is because commercial mortgages are secured against a valuable asset – your commercial property. Secondly, they offer longer repayment periods, which means you can spread your payments out over a longer period of time, making them more manageable for your business. Lastly, by using your commercial property as collateral, you may be able to borrow more money than you would with an unsecured loan.
It’s important to understand that qualifying for a commercial mortgage can be more complex than qualifying for a residential mortgage. Lenders will evaluate a variety of factors when reviewing your application, including the type and value of the property, your business’s financial history and creditworthiness, the amount of money you are requesting, and your ability to make repayments on time. To successfully qualify for a commercial mortgage, it’s crucial to consult with our expert advisors who can guide you through the process and help you find the best financing solution for your specific needs.
Types of Commercial Mortgages
- Fixed-rate commercial mortgages
With a fixed-rate commercial mortgage, your interest rate will remain the same throughout the entire loan term, providing your business with a stable and predictable payment schedule.
- Variable-rate commercial mortgages
Variable-rate commercial mortgages offer an interest rate that can fluctuate over the loan term, which can be beneficial if interest rates are expected to decrease.
- Balloon payment commercial mortgages
Balloon payment commercial mortgages offer lower monthly payments for a set period of time, with a larger lump sum payment due at the end of the loan term. This can be an attractive option for businesses that anticipate having a large sum of money at the end of the loan term.
- Interest-only commercial mortgages
Interest-only commercial mortgages allow you to pay only the interest on the loan for a set period of time, providing your business with lower monthly payments during the initial loan term.
Our brokerage services are designed to make the commercial mortgage application process as smooth and straightforward as possible. With our expert advice and our access to the best deals on the market, we can help you secure the financing you need to grow your business or investment portfolio.
If you’re a property developer based in Portsmouth or anywhere else in the UK, you may be facing difficulties in financing your development projects. However, joint venture finance (JV Development Funding) is becoming an increasingly popular solution that can help you meet your unique financing needs.
What is Joint Venture Finance?
Joint venture finance is a financing solution that involves an investor or partner funding a property development project in exchange for a share of the profits. It’s a partnership between the property developer and the investor, where the investor provides the necessary capital to fund the project, and the developer manages the development process.
Benefits of Joint Venture Finance
- Quick Start for Projects
The investor is putting up the funds needed to get the project off the ground, which means that the developer doesn’t have to worry about finding the funds themselves.
- Tailored Solution for Financing Needs
Every project is unique, and joint venture finance can be customised to meet the needs of each development, making it a highly flexible option.
- Risk Minimisation
Investors want to see that their investment is going to be managed by someone with a successful history in property development. By partnering with an investor, property developers can share the risks and rewards of the development project, minimising their risk.
If you’re an experienced property developer, joint venture finance can be an excellent option for you. It can provide you with the capital you need to get your projects moving quickly, without having to worry about finding the funds yourself. However, it’s important to note that joint venture finance requires a strong track record in property development to be successful.
Why Choose Us?
When it comes to finding a bridging loan broker in Portsmouth, there are many options available, but not all brokers are created equal.
- Access to the Best Rates and Loan Products from Trusted Lenders:We work with a panel of respected and experienced lenders with excellent track records, providing our clients with access to the best rates and loan products available on the market.
- Wide Range of Loan Products: Most bridging loans in Portsmouth are specialist products not available on the open market. We can get you access to a wide range of loans and deals that you would not find searching directly.
- Fast and Efficient Service: We understand that time is of the essence when it comes to bridging loans. Our streamlined process enables us to find the right bridging loan for you in minutes, gather information and quotes from lenders within the hour, and arrange your loan within days.
- Tailored Advice and Transparent Information: We provide tailored advice to our Portsmouth clients and transparent information throughout the lending process, ensuring you have full confidence in the products we secure for you.
- Exemplary Customer Service: At Hank Zarihs Associates, we focus on building long-term relationships with our clients based on providing maximum value. Our superb track record speaks for itself.
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.