First time landlords | First time buyers | All backgrounds and experience | Portfolio landlords | Refurbish to let
Once the domain of banks and mortgage brokers, new tax rules and regulation have made arranging the best buy to let mortgage far more complex.
We all know that situation, just when you think the loan is sorted the bank come back for more information and paperwork and it all takes another few weeks to get a decision.
With advice often being “incorporate” and mortgage brokers telling horror stories of high-interest rates for company mortgages, how do you get the best deal?
Dennis & Maggie Cottam 3 businesses purchased with the help of Acorn.finance
Only take as much as you need. Your business is going to have to pay all that money back, with interest so to keep the business as healthy as possible for the future, only take what you need to.
Crazy as it sounds – not borrowing enough for your business is virtually as risky as borrowing too much.
If you don’t have enough capital to complete the project that you are funding, then the potential of leaving something half finished could be worse than not starting it at all.
Understand all the costs and work in a contingency if it’s needed.
Lenders want to know who they are lending to, why and how they will get their money back. Not having up to date accounts, directors on board or basic information available will bring your application to a rapid halt.
Having bad credit is not the end of the line when it comes to applying for a loan for your business – but not disclosing it can be a major problem.
Check all directors credit before applying and, if there’s something wrong, forget your bank, start working with us immediately.
What’s the money for? What difference will borrowing make to your business?
Without a plan the funder is not going to understand why they are lending you the money or when to expect it back!
A business loan can be a major commitment, understand what you are signing and if in doubt get an expert to explain it to you.
If you’ve got collateral but don’t want to risk it for your business then why should the lender take a risk on you?
If you don’t have the confidence to back your business then why should they?
Working with the best lender for your particular proposition means that your deposit will go further and you’ll be able to buy a more profitable business. Getting the best possible business for your money could man the difference between massive success and failure. Of course the right business with the most potential is perfect for the some, while tweaking an already good business works for others.
It’s important to understand your personal strengths and skills before settling on which unit to purchase.
Buying a profitable business means less risk, even if you are borrowing more the fact that the business is already capable of paying the business loan or commercial mortgage then the risk is far lower than that of starting from scratch.
Working with the Acorn.finance experts will mean you’ll be moving forward with the loan in the bank before the competition have even got off the starting blocks.
By working together we’ll;
Jillie Stross – past and future Acorn.finance customer
Les Kynes – past and future Acorn.finance customer
Acorn.finance work with a broad variety of introducers from a broad variety of sectors including;
As one of the UK’s leading commercial brokers, Acorn.finance is growing our regional representation.
We’re looking for entrepreneurial business to business experts to join our rapidly expanding team in order to meet our mission of Every business & Every Investor having access to the best possible funding sources.
Working with a broad selection of bridging lenders in the regulated space and Together Residential Mortgage, Acorn.finance can package the cases your network stops you processing.
Lisa Whitney – 5* Customer review
344 – 354 Gray’s Inn Road
London
WC1X 8BP
Redwood House
Brotherswood Court
Almondsbury Business Park
Bristol, BS32 4QW,
Peter House
Oxford Street
Manchester,
M1 5AN
No 2 Wellington Place
Leeds
LS1 4AP
83 Princes St.
Edinburgh
EH2 2ER
Low minimum turnover
Flexible repayment terms
No minimum time trading
Security not always needed (only a Personal Guarantee)
Extend or replace your overdraft
Use, repay and re-use the facility
Working capital, equipment, wages or growth
Borrow against future card sales
Flexible repayment options
Pay a percentage of card sales
Less for a quiet month, more if you’re busy
As a whole of market broker we have access to the major banks and fintech lenders.
We can also access all the crowdfunding platforms offering;
Loans
Equity investments
Rewards and gifts
344-354 Gray’s Inn Road, London. WC1X 8BP
2 Wellington Place, Leeds. LS1 4AP
2nd Floor, Redwood House, Brotherswood Court, Bristol. BS32 4QW
Peter House, Oxford Road, Manchester. M1 5AN
83 Princes Street, Edinburgh. EH2 2ER
Phone: 0808 164 2364
Email: info@acorn.finance
Opening hours: Mon. – Fri. 9:00am – 5:00pm
