Helping you convert commercial enquiries
Helping convert commercial enquiries
How many of your clients are self employed or business owners?
Can we help you earn more money from those relationships? – Each one could be worth a few £1000 to you.
Your self employed / business owners will have commercial finance requirements from time to time.
If this is not your area of expertise, let me help you.
We can potentially take over the entire case if you wish and process the entire transaction with our wide panel of high street and specialist lenders.
Here are a few recent examples of business your clients might have if you ask for it:
- Loan required to develop property / new build on land adjoining main residence
- Clients currently renting their business premises but have an opportunity to purchase as sitting tenants
- Expanding business wants to buy larger premises – factories, offices etc
- Refinancing a number of commercial properties to raise a deposit for further investment purchases
- A recovering business raised a non status business loan to remove threat of repossession.
- Existing lenders not playing ball and a total refinance required
- Small holding buying the neighbouring farm
- Loan required for new business start up
We see this as an easy area of diversification for most brokers which will improve customer retention, increase referrals and add more money to the bottom line.
Our aim is to help you do this with minimal interruption to your core business.
If you have a potential case, or just want to chat about increasing your commercial business, please give us a call on 01902 585052.
01902 585052
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk