Business & Commercial Mortgages

Explore a diverse range of commercial mortgage solutions tailored to suit your needs. Our commitment is to diligently search the entire UK market to secure the most favorable deal on your behalf. With no upfront fees, we initiate a fully managed service and request your engagement as a serious purchaser.

Contact us at 01293972071 or submit an inquiry for a swift decision in principle, often on the same day. Our commercial mortgage offerings cater to both owner-occupiers and investors, encompassing various property types such as offices, warehouses, residential and commercial properties for development, care facilities, buy-to-let, retail spaces, pubs, hotels, farms, leisure facilities, and more.

Who qualifies for a commercial mortgage? We specialize in assisting existing business owners and aspiring entrepreneurs. Past credit issues may not pose a barrier, as certain lenders consider the property’s value and your ability to repay based on business income or rental yield, without always requiring audited accounts or a lengthy trading history.

In terms of borrowing capacity, we can arrange commercial mortgages up to 80% of the property’s ‘bricks and mortar’ value or 75% of the business purchase price, including goodwill. Strategic partnerships enable us, in certain cases, to secure 100% funding with additional freehold security. Special deals are available for sitting tenants seeking up to 95% funding for property or business acquisitions.

Interest rates, typically starting at 2.5% above the bank base rate, depend on factors like loan amount, term, and credit history. With access to highly competitive rates, we guarantee to source the best possible commercial mortgage deal for you.

Why opt for a commercial mortgage broker? Given the specialized nature of commercial mortgages, many lenders prefer working through qualified brokers, especially in the current financial climate. With over 30 actively lending UK commercial mortgage lenders, we assess your needs and match them accurately, expediting formal loan approval by packaging applications directly to lenders’ credit committees.

Our process aims to provide a minimum of three competitive proposals swiftly, ensuring you have the flexibility and confidence to negotiate your business or commercial property purchase. Throughout, our dedicated Business Finance Consultants offer expert advice without upfront fees, saving you time and potentially thousands of pounds over the loan term.

Ready for your next move? Call us at 01293972071 or submit an inquiry. We anticipate collaborating with you to secure and deliver the optimal commercial mortgage for your requirements.

Property Development Finance

Structured Finance is accessible for up to 90% of the comprehensive project costs, encompassing both Site and Development Costs, with Development & Refurbishment Loans ranging from £50,000 to £50 million exclusively for UK projects. Our competitive rates start from 5% per annum, offering loan terms up to 36 months.

Recognized as the premier Development Finance Specialists in the UK, we leverage our own syndicated funds and collaborate with over 30 Active Lending Partners. We deliver professional services, ensuring affordable property development finance for Residential and Commercial projects across the UK.

Under specific circumstances, where additional security is provided, we have the capability to secure loans up to 100% for both site purchase costs and property development finance.

Key Features:

• Eligible Projects:
  • Residential new build projects.
  • All property types, including flats, apartments, semi-detached, and detached.
  • Residential refurbishment and major conversion projects.
  • Short-term loans for minor property refurbishments and makeovers.
  • Bridging Finance for Auction Purchase.
  • Commercial, Industrial, Office, and mixed-use developments.

FAQs:

• Who can borrow?
  • We cater to experienced Builders and Property Developers, as well as those embarking on their first project with the support of a recognized and registered builder.

• How much can you borrow?
  • Property Development Loans are available from £50,000 up to £50 million. Senior Debt finance can cover up to 60% of site acquisition costs and up to 100% of development costs. Mezzanine finance is also available, allowing additional funding up to 90% of the total project costs.

• What other costs are involved?
  • Independent assessment and verification of the project’s Gross Developed Value (GDV) and all development/construction costs are essential. These valuations and professional services, along with legal expenses, are at the expense of the borrower.

• What interest rate and fees will you pay?
  • Interest rates start from 7% per annum, depending on the amount borrowed. Rates are generally tied to the overall loan-to-GDV requirement. Facility set fees are agreed upon at the project’s commencement.

• How to secure a formal offer of property development finance?
  • Provide basic information about yourself, your background, and the development or refurbishment project through our online enquiry or by calling our office. Our advice is free, impartial, and without obligation.

For a confidential discussion on your property development finance requirements and same-day ‘in principle’ terms, contact our highly experienced team at 0845 838 1954, submit an online application, or request a call back. We are committed to working with you to successfully complete your project.

Bridging Finance

Bridging finance provides a swift solution for both business and residential needs, secured through legal charges on freehold or long leasehold properties, or even personal assets like jewelry, executive cars, and works of art. Whether it’s a first or second charge, we offer tailored and responsive services in the UK, utilizing our own and partner funds.

Timing is crucial, and we specialize in quickly securing short-term bridging finance for various purposes. We facilitate open and closed bridging loans, distinguishing between loans with known or finalized exit/repayment methods.

Costs involved in setting up a bridging finance loan include independent valuations (around £1.50 to £2 per £1,000 of value), legal fees (approximately £500), set-up fees (1% to 2% of the loan amount), and competitive interest rates starting from 6.5% per annum.

We extend bridging finance for diverse legitimate purposes, such as property/land purchase, property auction sales, VAT and tax bill payments, financial aid to prevent repossessions, and short-term property development finance. Our services also cover mortgage ‘gap’ finance, ensuring you can complete a property purchase even if your own sale is delayed.

Key benefits provided by The B Financial Team include residential bridging loans from £10,000 to £10 million, commercial bridging loans from £50,000 to £25 million, and flexible loan terms ranging from 1 day to 24 months. We offer immediate lending decisions and funds advanced rapidly, supported by a fully managed service with regular progress updates.

Our experienced finance team handles the entire process, making it simple and straightforward. Call us today on 01293972071 or submit an enquiry. Our office is open daily from 09:00 am to 5:00 pm, and in emergencies or out-of-office hours, contact 07878949248.

Decision timescales are prompt; call us or submit an enquiry, and we can provide a decision in principle immediately, arranging payout within days, subject to legal and valuation processes’ completion. After submitting your contact form, a team member will promptly reach out to discuss your requirements.

Finance for Pubs, Restaurants, and Bars

Explore your dream of owning a pub, bar, or restaurant with B Financial, your licensed premises finance specialists boasting extensive experience in the industry. Every week, we assist numerous couples and individuals in realizing their entrepreneurial aspirations. Our expertise covers various property types, including freehold pubs, restaurants, bars, wine bars, clubs, and other licensed premises.

Here’s how we can assist you:

• Mortgages available up to 75% of the confirmed business value.
• Possibility of increased loans with additional security.
• Secured and unsecured loans for top-up finance and working capital.
• Complete an online application form now.

Who can benefit from our services? We cater to clients from diverse backgrounds and varying business experience levels. Previous credit issues, such as defaults, CCJ’s, and IVA’s, may not be a hindrance. If in doubt, call us at 01293972071 or submit an enquiry.

Loan details:

• Finance available up to 75% loan to value (LTV) on Freehold properties.
• LTV can be increased with additional property as security.
• Loans ranging from £100,000 to £2 million for freehold premises.
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To discuss your specific circumstances and receive a decision usually the same day, call us at 01293972071 or submit an enquiry.

Interest rates: The interest rate depends on the property type, loan amount, and term. We have access to the most competitive rates in the market, guaranteeing the best deal for you.

What’s the next step? Our advice is free and comes with no obligations. Share your requirements and future plans with us. If you’d like our team to assess the best option for you and provide a firm quote, call us at local rate on 0845 838 1954. Alternatively, contact us at 01293972071 or submit an enquiry.

Upon reaching out, we’ll send you our free guide to buying licensed premises. We eagerly anticipate working with you to acquire and develop your new business.

Factoring and Invoice Discount services

Business challenges or failures in the UK are often attributed to difficulties in collecting money owed for goods and services, leading to a negative impact on cash flow. While maintaining a profitable business, the lack of positive cash flow can be detrimental.

One potential solution to address cash flow issues is seeking additional overdraft facilities from a bank. However, a more flexible and cost-effective alternative is to explore Factoring, Confidential Factoring, or Invoice Discounting. These financial services ensure payment of invoices, providing up to 90% of the invoice value within 24 to 48 hours. This approach allows businesses to keep their bank facilities available for other growth and investment needs.

At B Financial, we collaborate with major UK factors to tailor the most suitable scheme for each business profile. Our services include a unique confidential factoring option, maintaining discretion so that clients are unaware of the factoring arrangement – a feature usually associated with Invoice Discounting. The distinctions between these financial products are outlined below.

Factoring: Factoring offers immediate cash for invoices, along with sales ledger and collection services. It is an effective way for SMEs to transfer debt collection and ledger management responsibilities to a factor, swiftly receiving cash advances upon invoice issuance.

How It Works: The factor manages the sales ledger, provides credit control, and collects outstanding debts. Typically, 80-90% of the invoice amount is advanced, and the remaining balance, less charges, is paid upon customer payment to the factor.

Costs: There are service charges (0.60% to 3.0% of turnover) covering sales ledger management, collection services, and optional bad debt protection. Interest charges for cash advances are comparable to secured bank overdraft rates.

Types: Recourse Factoring (customer payment risk retained by the business) and Non-recourse Factoring (credit insurance covers customer payment risk).

Invoice Discounting: Similar to factoring, but sales ledger management remains with the business, undisclosed to the customer.

Costs: Administration charge (flat fee or percentage of turnover) and interest charge for cash advances.

Advantages:

• Instant Cash: 80-90% of invoices pre-paid within 24 hours.
• Sales Ledger Management: Handled by the factoring company.
• Growth Support: Replaces traditional bank overdrafts, growing with the business.

General Conditions:

• Contract Term: Typically 12 months.
• Trial Period: Some companies offer a trial period.
• Reputation: Work with reputable firms to maintain positive customer relationships.
• Personalized Service: Especially crucial for small companies.
• Export Factoring: Essential for businesses with international customers.
• Bad Debt Protection: Offered by many factoring companies.

FAQs:

• Charges: Service charge (0.6% to 3.0% of sales factored) and interest charge for cash advances.
• Cash Advances: Typically received within 24 hours.
• Invoice Amount Advanced: 80-90%.
• Factoring vs. Invoice Discounting: Factoring includes sales ledger management; Invoice Discounting keeps it in-house.

Glossary:

• Bank Overdraft: Alternative to factoring without credit management services.
• Credit Insurance: Protection against customer non-payment.
• Non-recourse Factoring: Factor bears bad debt risk.
• Recourse Factoring: Business retains bad debt risk.

Consumer Finance

Unlock the Potential of Retail Finance Solutions for Your Business!

Empower your retail venture with our comprehensive Retail Finance Solutions designed to cater to both retailers and merchants. Elevate customer satisfaction, foster loyalty, and boost repeat sales by providing a diverse array of interest-free and interest-bearing credit options at the point of sale.

Why Choose Our Retail Finance Solutions?

1. Enhanced Customer Loyalty: Offer flexible payment options to customers, fostering loyalty and encouraging repeat business.
2. Expanded Customer Choice: Provide a variety of interest-free and interest-bearing credit options, giving customers more choices during their purchase journey.
3. Compete Effectively: Stand out in the competitive retail landscape by offering a high-demand service that rivals larger competitors.
4. Alternative to Credit Cards: Present customers with an alternative to credit card sales, catering to a wider audience with varying financial preferences.
5. Manageable Monthly Payments: Reduce objections and enable customers to spread costs over manageable monthly amounts, making purchases more accessible.

Who Can Benefit?

Our Retail Finance Solutions are open to established and profitable retailers and merchants with a minimum of 18 months in business. To qualify, you must hold a valid Consumer Credit License (CCL), or we can guide you through the application process. Whether you operate a physical store, engage in mail order, online (e-commerce), or telephone sales, our solutions are tailored to suit your business needs.

What Can Be Financed?

Most tangible retail and consumer goods are eligible for financing, with a minimum finance amount of £500. Maximum amounts vary based on the type of business. Beyond physical goods, our solutions also cater to service-based businesses like dentists, cosmetic clinics, and opticians.

How Does Retail Finance Work?

Choose between interest-free or interest-bearing credit options. Interest-free credit involves a subsidy paid by you, the retailer, with the subsidy amount determined by the chosen interest-free period (typically 6 to 24 months). For interest-bearing facilities, borrowers cover all interest costs at the agreed APR over a term ranging from 12 to 48 months.

What’s the Next Step?

If you see the potential of our Retail Finance Solutions transforming your business, contact us today. Call our head office at 01293 972071 or submit an online enquiry to receive further details and an application form. We’re excited to collaborate with you to enhance your business’s turnover and profitability.