Bridging Loans

A Bridging Loan is short term funding used for property financing. It can provide fast access to funding with the minimum of formalities and can be used for a range of different purposes:

• For property development
• For Buy to Let properties
• To raise working capital for most legal purposes
• For property conversion and refurbishment
• To secure a property at auction
• To cover temporary shortfalls in finance

At Niche Financial Solutions we have built a number of Key Partner relationships with specialist Bridging Lenders, who offer unrivalled finance options covering a wide range of circumstances. We can even assist clients who have suffered financial difficulties, including CCJ’s and mortgage arrears.

Bridging loans are available from £25,000 to £10 million, with larger facilities considered on request and terms can range from 1 month to 36 months. Loans are available up to 80% loan to value (LTV) or up to 100% LTV with additional security. Lending is available throughout England, Scotland and Wales.

How Bridging works

Bridging companies assess the viability of a deal based on three main considerations:

Valuation – We generally select a lender who will use “open market value” rather than a “forced sale value” or the purchase price. Use of this “built in equity” can potentially reduce the amount of capital that a client will need to provide in order to purchase the building or fund its development.

Interest – Interest is usually “rolled up” or “deducted” from the advance, hence there are no monthly payments to maintain and this usually eliminates the requirement for income to be proven by way of accounts or payslips.

How you will “Exit” the bridge – the exit strategy is key to any bridging finance deal. This is a short term facility and should be treated as such and we will always discuss the most suitable exit proposal. This may include the sale of the security address, or perhaps a longer term refinancing facility.

We have access to a wide product range and are committed to providing the best terms possible, based on a clients circumstances. Call us today on 01793 324091 to discuss this in more detail.

Short Term Asset Finance

As we all continue to work in a difficult financial environment, property is not the only security that can be considered for short term finance. Customers continually find themselves requiring cash for a wide variety of purposes which can include the following:

• Facilitating a business transaction or opportunity.
• Unexpected bills and fees
• Surveyors and other fees relating to a property re-finance
• Funding for probate
• Supporting "own business" working capital

We can secure short term funding secured against such items as:

• Fine art
• Jewellery
• Luxury watches
• Prestige cars and classic cars
• Fine wine and other high value assets

Benefits of short term finance include:

• Approved in principle (AIP) in minutes
• Money within 24 hours
• No credit or income checks
• No Early Repayment Charges
• Strong commission structure for all of our introducers

Call us on 01793 324091 to discuss your clients requirements today and we will provide you with a full breakdown of rates and terms available. Alternatively click on one of the contact buttons at the top right hand side of this page.

Mezzanine Finance

Mezzanine Finance is an exciting product, providing Property Developers and fast growing businesses with crucial additional funding that might not otherwise be available to them.

Often referred to as “Junior Debt”, it is basically a Second Mortgage, sitting behind the First Charge or “Senior Debt”. By accessing a higher Loan to value, the Mezzanine element will often provide sufficient funds to unlock a development deal or simply increase the LTV on higher risk ventures.

Although more expensive than Senior Debt, a structured finance package that includes Mezzanine Finance will often reduce the developers cash contribution to as little as 10%, which is a very attractive proposition and great selling point. In addition, most Mezzanine Lenders are happy to use third party specialist reports such as valuations, thus avoiding unnecessary fees.

We have a comprehensive range of Lenders providing this type of finance for residential, commercial and mixed use projects. The minimum Loan amount is typically £100,000 with no maximum. Detailed below are a couple of cases studies:

Case Study 1

A developer, who we regularly assist, had terms produced for a site in London, to build out two houses on one plot with a GDV of £12m. We had already secured him the £4m senior debt and he was financing the rest of the site from his own equity, which was a combination of capital he already held and the sale of one of his current developments. It became apparent quite quickly leading up to completion that the sale of his current development would not happen in the timescales expected and as such required another £1.8m as a mezzanine fund. As we already had extensive files on the development, terms were secured for the developer the same day, the lead times for completion were not disrupted and the completion deadline was met by all parties.

Case Study 2

A developer was acquiring a site in the South of England and had obtained planning permission for the development of 4 houses. The total cost of the development was £1.5m with an estimated GDV of £1.85m. He had secured the first charge bank funding of £945,000, and was investing £226,000 of his own capital. The mess finance required was for £315,000. We successfully secured the required funds and he was clear of the development having sold all the properties within 4 months of completing the build.

A Better Way To Sell A Structured Settlement - Via Auction

Structured settlements were introduced in Canada and the United States in the 1970's. They were introduced as an alternative to lump sum payments, common in insurance settlements and lottery winnings. In the decades since, they have also been accepted as legal financial instruments in England and Australia. The aforementioned common law countries have decided to include structured settlements in their statutory tort laws. These four countries handle tort law and the structure settlement packages a little bit differently, but the general overall definition applies across the board. In a nutshell, a structured settlement by legal definition is a statutory agreement to pay a specified sum of money over a period of time, on a payment system. Payment Arrangements When someone wins a court settlement (or if they settle the case beforehand), the insurance company often gives the winner a choice of taking a specified amount of money in a lump sum, or a bit more money if the insurance company can enter into a structured settlement arrangement. Of course, it is in the insurance company's best interest to pay the claimant in a structured settlement, because the insurance company can earn interest, during the structured payment cycle, on the full sum of money it would have paid in a lump sum. The insurance company wins in the profit game, when they get to enter into a structured settlement. They will be able to invest the full sum of money owed, and they get to earn interest or dividends on the money in hand during the payment period. Structured settlements are most often paid out in the form of an annuity over a period of time. An annuity is also legally classified as a financial instrument. Once again, the financial institution will gain an additional financial advantage, because they can collect interest or earn other kinds of income on the bulk amount, during the payment period. Annuity And Structured Settlement Buyouts Structured Settlements for a great deal of clients are the ideal solution. Payments spread out over a period of time allow clients to balance their finances and pay bills in the years to come. Some people get their structured payments $300, $1000 or even more each month. Sometimes they may include lump sum payments many years in the future. This is fine as long as their life is humming along and their bills are being paid. Yet, circumstances sometimes get in the way, and people need the lump sum cash right away to solve some issue that has come up in their lives. Because annuities and structured payments are a legally-binding financial agreement, those items can be transferred to another person under the terms of the laws that have been set up to manage these financial products. But, when faced with a serious financial crunch, some people hastily sell their annuities and structured settlements to the first company who would be willing to buy them for a lump sum amount These companies who are willing to buy-out annuities and structured payments are commonly referred to as "Factoring" companies, because they use "Factors" to determine how much future payments are currently worth, and how much they should buy them for. The Standard Method of Selling A Structured Settlement - Persistence and Patience (not always used) We've all seen the countless ads on TV from a variety of companies, "Get Lump Sum Cash Now." For years, people have turned to factoring companies in their time of financial need. Smart consumers will learn from the insurance companies. Have you ever been involved in a car wreck? The insurance company requires for you to get three estimates and then they will pay the company that offers them the best deal. The smart consumer will invest a little bit more of his or her time to make sure they get the best deal for their annuity or structured settlement. They will call at least three factoring companies and get competitive bids from each. Then they will go back to the three aforementioned companies and see if any are willing to beat their best offer. It can be tiring and time-consuming to follow through in this process, but for the average person, it could be worth several thousand or even tens of thousands of dollars in one's bank account at the end of the process. The Better Method of Selling a Structured Settlement – Open Marketplace Auction A new service has been introduced by www.QuoteMeAPrice.com (QMAP). This website allows Structured Settlement owners the ability to list details of their settlement online, and receive cash bids directly from Top-Rated Funding firms. The process is relatively simple. Clients sign up for a free account and list the details of the structured settlement or annuity. Once an account is created and the details of the payment arrangement are known, Funding Firms can log in and make cash bids directly on the purchase of the structured settlement. Each firm can see the current highest cash offer, and if they wish to beat it with a higher cash price, they can do so. Sellers do not need to worry about being called countless times by salespeople because the contact information of the structured settlement owner is not shared. When a factoring company makes a cash bid on the settlement, QMAP notifies the settlement owner of the new bid via email. Having settlement buyers compete in an open marketplace lowers the profit margin for funding firms, and forces the lowest possible discount rates to be applied when funding companies compete to buy future payments. This in turn ensures that clients can get the maximum amount of money back from their settlement. The Importance of Comparison Shopping (actual Quote Me A Price client) Two siblings had been receiving separate, but identical annuity payouts in the form of a structured settlement from an accidental family member death. Sibling one got into a financial crunch. When this happened, sibling one called a "Factoring Company." She was offered a lump sum buyout, and although the offer was much lower than the value of the settlement, sibling number one didn't realize the importance of shopping the competition, and sold her settlement for $70,000. Sibling number two heard about the buyout and thought that it would be nice to have her cash now also. But, sibling number two was not as desperate for an immediate buyout. Sibling number two took the time to shop around for a better deal. Sibling two managed to uncover QuoteMeAPrice.com, and they helped to secure the best offer possible. Sibling number one got a $70,000 buyout and was initially happy with her cash buyout. Sibling number two came to QMAP with the same initial $70,000 buyout offer for the settlement. After working with Quote Me A Price, sibling number two got offered $100,000 for the same settlement sibling number one sold for $70,000. Sibling number two sold her settlement for $100,000 to JG Wentworth who is a partner in the QMAP service. While sibling number two did get the best possible deal, sibling number one unfortunately has to live with the fact knowing that she made a $30.000 mistake by not shopping the competition. In Conclusion Your structured settlement or annuity is the foundation of your financial future. If you find yourself in financial need now, you should at the very least give yourself a couple more weeks to shop your deal to the competition. You might be telling yourself that you cannot afford to wait, but the truth is that you cannot afford to take the first bid that you are offered. In some cases, jumping at the first offer could be the equivalent of financial suicide to a structured settlement owner. So, be patient and persistent in the process of finding a buyer for your settlement. And remember, if you are willing to negotiate with a car dealer on the price you pay for a car, then there should be no reason in the world that you should not negotiate with a factoring company when you are looking for a buy-out of your settlement. -------------------------

A Home Mortgage Roadmap Guaranteed To Get Results

It would be in your best interest to go for a mortgage plan that does not include the payment of a private mortgage insurance. Private mortgage insurance is a common feature of a mortgage plan, especially the ones that are traditional in nature. Private mortgage insurance, more often than not, drains your pockets and leaves you with practically next to nothing in terms of savings. You should bear in mind that the quality of the home you are mortgaging dictates the repayment period of the loan. New property is often mortgaged with a repayment period of up to twenty years. If your property is old and is being mortgaged, you will most likely have a repayment period of up to fifteen years. In the 1980's, the fluctuating cost of property led to an extension of the normal time limit for mortgage loans to be paid off. The fifty year mortgage plan is one that started in southern California in San Bernardino because of high house prices. The 50 year mortgage loan plan is a viable option if you have any intention of staying in the house for up to 50 years. A 125% mortgage loan is a loan that allows you to meet any financial need you have at a low interest rate. The disadvantage of the 125% mortgage loan is that the equity of your home is practically non existent. A bad credit history does not exempt you from getting a mortgage loan. You can still get a mortgage loan even if you aren't credit worthy as long as you search properly. There are a variety of mortgage lenders who take special interest in clients with a bad credit history. In searching for the best mortgage loan plan for you, it is not so important to look for the lowest interest rates as it is to look for the best mortgage loan plan. More often than not, mortgage loan plans that have a fixed mortgage rate are often the best mortgage loan plans because they allow for early repayment. Contrary to what you may be thinking, the mortgage loan business isn't that hard to understand. If you need clarification about certain issues in mortgage loan plans, you should ask an expert about it. Getting the right mortgage loan plan can be a bit tricky. You can shop for the perfect mortgage plan for you on the internet. A mortgage broker is an excellent place to start your search for low interest mortgage loans.

Little Known Ways About Mutual Funds And Money - Discover Interesting Advantages Today

I had never thought of hiring an investment management company in the past. Actually, I always took a very hands-on approach to business. I learned it from my father - an entrepreneur himself. He did not believe in investment capital management by hiring a broker. By doing the paperwork himself, he cumulated a financial fortune. Of course, he worked almost 80 hours a week and died at the age of 55 of a heart attack, so there are things about his way of living that I don't really want to do. Even so, managing investment myself was a hard habit to break. Nevertheless, after a while I simply couldn't handle it anymore. I am not sure if my investment portfolio had grown too diverse, too large, or if I simply didn't have my dad's talent for figures. For whatever reason, I didn't have the time to manage the family business and manage my investments. It was obviously what I had to give up. I hired a good capital asset management corporation the very next day. Many things have been complicated about the new mutual funds company. The most hard, of course, has been giving up some control over my investments. When I first hired the investments management company, I tried to keep as tight a leash as possible. I wanted to understand every transaction, approve each decision, and in general. Always keep my hands in the pie. After a while, my broker talked to me honestly. He said that there was no need to have a mutual funds manager if I was keeping trying to do all the work anyway. He then asked me quite clearly if I wanted him to do my mutual funds management or not. I backed down, knowing he was right. Recognizing the fact that this firm has done a better job than I have was the hardest thing about investment management. Even with the money that they charge me, I am still making a large amount more off of my investments than I ever have before. My investment portfolio has grown at twice its normal rate the last twelve months, and shows no sign of slowing down. I had almost expected having to take control back at first. Part of me was even hoping that investment management would turn out to be a bad experiment. After all, it is not easy to admit that someone else can be more efficient than you are.

Lift Serum Pro Review

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