Finance

As part of our professional purchasing service we offer a FREE initial consultation with an independent financial advisor specialising in the needs of small to medium sized businesses and their owners. As Independent Financial Advisers, they are obliged to give you best advice.

Their Business finance advice includes:-

  • Commercial Mortgages – This can be used to purchase a freehold or long leasehold property ( Over 21 years at issue). Typically a Commercial Mortgage will require a minimum of a 25% Deposit. The whole of the market place is constantly being researched, saving you time & money.
  • Secured loans – A 2nd charge on your own residential property or a suitable Buy-to-Let property. Typically up to 75% of its current value less any current mortgage/charges.
  • Unsecured Loan – Predominantly used for purchase of short term lease or goodwill based businesses – typical requirement is at least 50% deposit.
  • Bridging Loan – This can be organised for short term finance secured on property.
  • Residential Remortgage – They can advise & arrange the best deal to remortgage any residential property you have. This can include flexible schemes, especially suited to business clients.
  • Insurance - Public & Employers liability cover, Property insurance, Equipment, Stock, Goods in Transit etc.
  • Life Assurance - Cost effective advice to protect the company & it's shareholders from the death or critical illness of a partner, key director or staff member. Tailored to your needs.
  • Income Protection - They can advise & arrange income replacement for you if you are unable to work, due to accident or illness.

They can put together any combination of the above to assist with your purchase:-

Examples 1

You are looking to purchase a business at £50,000

You have a home worth £250,000 with a mortgage of £150,000 & your tied in on a fixed rate!

They could coordinate a secured loan of £37,500 on your home, and an unsecured loan for £12,500 to give you the total funding required.

Or if you have no or very little financial penalty with your existing mortgage, a re mortgage can be arranged for you. This may free up enough capital for your needs.

Example 2

You are looking at a Freehold Pub at £450,000

You have a Buy to Let property worth £250,000 with a mortgage of £100,000 and £25,000 savings.

They could arrange a re mortgage of your Buy to Let property to raise £87,500 which combined with your savings would provide adequate deposit to raise the other £337,500 on a commercial mortgage.

All finance is subject to status

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Please contact our offices and we will be glad to help.

Alternatively please e mail on finance@phoenixbusinesssales.co.uk