They can scan the financial sector and find you the right lender and the right product, and they can offer opportunities for those business's that have been refused elsewhere.
Before, when looking for a commercial loan, you may have looked to negotiate with your day-to-day bank and been presented with an acceptable, but inflexible, option. You can now find yourself a much broader range of commercial loans and mortgages, suited to your individual business needs, if you consult an Independent Advisor.
For example; a commercial mortgage is an excellent way to finance the purchase of a business related building, either for means of necessity or as a method of investment. When arranging a commercial mortgage, there are many factors to consider. How much will you need to borrow? How will the repayment structure work? And what information, both personal and business related, will be necessary for the loan to go ahead?
These potential snags can take up valuable time, time much better dedicated to the management and prosperity of the business itself. However, the aid of an Independent Advisor, can remove any hurdles, and oversee the smooth transition of a loan or mortgage. They can coordinate arrangements for businesses with poor credit history or County Court Judgement's, and can arrange specialist 'Bad Credit Commercial Mortgages' for those who have been refused elsewhere.
Furthermore, there are an ever-growing number of commercial lenders and products on the market. This could prove a daunting prospect, even for a businessperson, when you are attempting to decide on which will best suit you. Alternatively in the hands of an Independent Advisor you can look upon the broadening market as an opportunity, an opportunity for them to search further and wider than ever before, to find a deal, better than any you have been offered previously.
Around 40% of all commercial lending propositions are turned down by high street lenders, so approaching an Independent Advisor who can provide you with a number of personally tailored options, can help you to avoid this type of outcome.
At an off high street lender you can find consumer flexibility you would not find walking into your high street bank, as just one of the hundreds of clients they deal with each week. Often high street lenders will only offer up to 75% loan to value on commercial properties. However the use of an Independent Financial Advisor can earn you up to 85% loan to value on the buying or remortgaging of any commercial property, perhaps more in exceptional cases.
Also where you are looking to purchase and have no idea how much a Bank will lend you, your Financial Advisor will be able to get an agreement in principal from the Bank so that when you look at a property it will be in the certain knowledge that finance is in place for you to purchase. This facility is in place for borrowers whether they have a good credit record or have a bad credit history and are unable to provide accounts. Any Estate Agent or vendor will view your offer in a far better light if they know you have your finance in place rather than making an offer without having checked out your ability to borrow money and the associated costs.
