Secured loans Short term finance Commercial mortgages Buy to let mortgages Development finance

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1 Secured loans Short term finance Commercial mortgages Buy to let mortgages Development finance

2 Welcome to Vantage Finance Vantage Finance is a leading master broker. Established in 2004, our expert team offers secured loans, buy to let mortgages, commercial finance, short term loans (bridging loans) and development finance for intermediaries. Why use Vantage Finance? We like to sum up the Vantage experience in four words... Expertise Communication Efficiency Determination I have had the pleasure of dealing with Lucy for a number of years now and cannot speak highly enough about the level of service and the manner in which my enquiries have been dealt with. For any broker looking for help and assistance on bridging loans, commercial mortgages and secured loans I would recommend that you start with Lucy s team. Our experienced team has an in-depth knowledge of our lenders and their varied criteria from specialist lenders to major high street banks. This means we can target the right lender for your client with a swift, expertly-packaged application. It lies at the heart of the way we do business. We are approachable and responsive with our intermediaries, and we re in regular contact with our lending partners to stay in tune with their changes and developments. The result? We have the knowledge to source the best solution for your client s needs, and you stay informed as the deal progresses. We understand the time pressures intermediaries can face. From the moment we receive an enquiry, our team works thoroughly and efficiently. So you can focus on running your business. Want to find out more? Get in touch with our team on Our can-do attitude gets results. We fight for every deal we work on and will always get to the heart of a complex case. Meaning higher conversions and an enhanced service offering for you. Michael Alexander

3 Secured Loans Secured loans are becoming increasingly popular in the UK, and could help you to access another income stream which you may not currently be benefiting from. Mr & Mrs H recently purchased a repossessed property and completely refurbished it for their own occupation. Why choose a secured loan? Secured loans offer a flexible alternative to a remortgage, allowing your client to raise additional money while leaving their existing mortgage in place They can be used for a range of purposes, including but not limited to; debt consolidation/restructuring, home improvements, buying investment property, buying property abroad, for business, or any other legal purpose Highlights and benefits Generous affordability calculations which often allow for more money to be raised when compared with a standard remortgage No upfront costs to your client. Vantage Finance will meet the cost of your client s valuation, and any other costs relating to the processing of the application*** Vantage Finance has access to market leading rates and exclusive products Fast turnaround times and competitive commission They had progressed with the work to the property very quickly and most of the work was done within two months from purchasing, whilst they lived with their son having sold their last home. Vantage Finance arranged the following for Mr & Mrs H despite the fact they had not long purchased the property and were not yet living there: Loan amount: 100,000 Loan purpose: To complete the work which was mainly cosmetic Loan term: 20 years Repayment type: Capital and interest Interest rate: 7.90% Loan to value: 60% Loan amounts ranging from 10,000 to 3,000,000** Early repayment charges on secured loans subject to a maximum of two month s interest*** Secured loans can be arranged on residential, buy to let, semi commercial & commercial property. Nonstandard construction properties considered Up to 95% LTV* (to include first mortgage balance and any early repayment penalties where applicable) Interest only loans available Adverse credit can be accepted *LTVs reduced for loans made for business purpose or secured against buy to let or commercial property. ** 3m maximum loan applies to buy to let loans, lending for business purposes, or to high net worth individuals. Loans above 250,000 on residential property where it does not fall into one of those categories are by referral only. ***Applied to loans which fall under The Consumer Credit Act, (CCA) and not applicable to business loans, or loans against property which is not the clients primary residence. We have used the services of Lucy and her team for over 6 years. In that time, my experience has been that they have consistently provided a high level of service and expertise which I have valued, sourcing the best and most suitable products to suit the clients requirements. They adopt a friendly, proactive approach to meeting my needs and I continue to rely on their professional advice and guidance. I unreservedly recommend them to any other brokers who may be seeking advice in the sometimes complex area of secured loans and bridging finance, in the knowledge that they are experts in their field and deliver on promises. Steven Wills

4 Bridging Loans & Short Term Finance Vantage Finance is a well-established distributor of short term or bridging finance now an integral part of the mortgage industry since the lack of liquidity within the mainstream lending market. Why opt for a short term loan? Highlights and benefits Mr R needed to raise some money pending the sale of his property to inject into his business to help with cash flow. His existing mortgage was with the Halifax on a very good rate and he needed the money quickly. Due to the popular location of his property he expected that he would be able to repay the loan very quickly. Vantage Finance arranged the following for Mr R: Short term finance used to be viewed very much as a means to purchase one property before selling another. It is now very commonly used for a range of purposes, including: Purchasing a property which requires refurbishment, and is not considered suitable for a conventional mortgage Auction purchases, or any purchase where there is a tight completion deadline Raising money for cashflow, or business expansion plans Extending or developing property Paying tax bills Raising money quickly for any other legal purpose Loans can be arranged in a matter of days, but will usually take around 7 10 days depending on the complexity of the situation, and the property type Can be arranged on residential, buy to let, commercial, semi commercial property and land, by way of a first or second charge Interest can be rolled up, or retained by the lender on completion for the term of the loan so the borrower does not have to make monthly payments throughout the agreed term Loan amount: 65,000 Loan purpose: To inject working capital into a business Loan term: 12 months Interest rate: 1.2% per month Loan to value: 40% Mr M was looking for development funding on a central London apartment which needed a complete refurbishment. Vantage Finance very quickly arranged a loan for Mr M on the following basis: Loan amount: 2,550,000 day 1 with a further 500,000 to be released in tranches against work completed Loan purpose: purchase and refurbishment Loan term: 12 months Interest rate: 1% per month Loan to Value: 70% Loan terms from 1 day to 23 months Up to 75% LTV, and higher with additional security No maximum loan Adverse credit accepted No proof of income required where interest payments are retained or rolled up Competitive commissions payable to our introducers We ve engaged Vantage on a number of occasions to help our clients with various projects - often quite challenging scenarios! We have found Vantage at all times to be professional in their approach with a can do attitude and would have no hesitation in using their services again and again. Mark Spurling

5 Commercial Mortgages Vantage Finance sources commercial mortgages from the whole market, from specialist lenders to major high street banks. This means we often secure better terms on commercial mortgages than the deals offered to our clients by their existing banks. Why choose a commercial mortgage? Commercial mortgages can be used to purchase premises for your self-employed client s business, or for investor clients looking to expand their property portfolio. Acceptable property types include: B&B s/hotels Care homes Dentists Doctors surgeries Farms/farm land Loans available from 25,000 with no set maximum loan Interest-only periods available for some clients Investment properties let on short leases Adverse credit can be accepted Public houses Restaurants Golf courses Land Light industrial Leasehold properties can be accepted Lending can be against a going concern in some instances Rates can be linked to bank base rate, LIBOR, or fixed for a period Non standard properties accepted Lock up garages Nursing homes Offices Residential property & property portfolios Retail/shops Mr M needed to refinance a commercial premises which consists of workshops, stores & offices, he had been running his own business from the majority of the premises in 2008 but decided to sub divide the units and seek tenants for the various units due to his age and plans to soon retire. Also in 2008 the client was sequestrated over an HMRC VAT bill which had not been paid. Although suffering liquidity issues at the time he was still solvent and during 2010 a petition was presented to have the sequestration recalled, and this was successful in 2011 but left the client with a lot of debt and as a result. The property had been owned by a Ltd Company throughout the period of insolvency and was transferred back to his personal name in December 2011, just 1 year before the loan application, therefore there was a lack of accounting information to contend with as well. Loan amount: 297,500 Loan purpose: To clear debts Loan term: 10 years Interest rate: 13.40% Loan to value: 70% of the forced sale value A limited Company had run to expiry on it s existing Natwest facilities which required repayment ASAP. One property consisted of a pub on the ground floor with two flats above let on AST s, and the other was just a pub. New 5 year leases had been created for the pub. Lack of liquidity within the Banks had lead to a shortage of funding in the commercial mortgage sector, especially against investment property, and even more so for pubs. Vantage quickly found a solution and arranged the following against the two properties. Loan amount: 870,000 Loan purpose: To repay expired loan facilities Loan term: 5 years (interest only) Interest Rate: 6.45% above 3 month LIBOR Loan to value: 65% Vantage Finance is a member of the National Association of Commercial Finance Brokers (NACFB). NACFB is the UK s trade body for business finance brokers. Its members can source commercial mortgages, bridging finance, vehicle finance, invoice finance or equipment finance for business.

6 Development Finance In a challenging market for property developers, we use our expertise to source development funding with the best possible terms for your clients. We work with experienced developers, as well as those who may have experience in building, project managing or property generally but have never developed property themselves, or those with no experience of developing. Mr B required funding for a development project in a prestigious area in Buckinghamshire. The project had began as a simple refurbishment of a 2,500 sq ft property and the client s existing bank had financed the purchase, however planning had subsequently been achieved to redevelop the property into a 12,500 sq ft house. 500,000 had gone into the development already from the client s own funds and the bank unexpectedly refused to lend anything further to finish the project. Why Vantage? Development finance can be difficult to obtain. Some developers are finding that their usual method of raising finance for their projects is longer feasible, or have been turned away by their lender. We will go through the development appraisal and use our detailed knowledge of the market to find a lender who will offer the best possible terms to suit the individual requirements of the developer. Terms vary between lenders but generally the following can be achieved for a strong client with a good proposal: 65% of the gross development value apportioned as follows; 100% of the build costs with the remainder to go toward the purchase of the site with an allocation for fees and interest where applicable where applicable Interest roll up available with most funders From single dwellings to larger developments Houses and apartments Residential or commercial development Conversions and refurbishment projects Having spoken with other banks, and mortgage brokers with no offer of funding the client was put in touch with Vantage Finance who arranged the following. Loan amount: 5,400,000 Loan purpose: Development funding Loan term: 24 months Interest rate: 3.5% Loan to value: 65% I cannot recommend the team at Vantage Finance highly enough. I have worked with Vantage for almost 8 years now and find their professionalism, attention to detail, manner and knowledge of the industry to be second to none. Maintaining client relationships is key to the ongoing success of my business and I know with absolute certainty that involving Vantage in the process has enhanced my business offering. Importantly clients also regularly comment on how polite and understanding the team are when dealing direct. You will most certainly not be disappointed. Gordon McKay

7 Buy to Let Mortgages We specialise in placing buy to let mortgages where a high street option is not necessarily available. Below are just some of the product criteria available through Vantage Finance: No credit scoring No minimum income Flats above retail premises Non-standard construction properties Converted blocks where flats remain on one title with no separate leases New build accepted A Limited Company with two directors, one living in the UK and the other in Spain required funding against a freehold property comprising of 7 self contained flats. 2 flats were tenanted and 5 on the market to let. They had purchased the property in poor condition and refurbished it ready to let. Vantage Finance arranged the following for the company to allow the Company to release capital to move on to their next project. Loan amount: 412,500 Loan purpose: Capital raising Loan term: 5 years (interest only) Interest rate: 5.55% above 3 month LIBOR Loan to value: 75% Adverse credit I have been dealing with Lucy and the team at Vantage Finance for many years. I have always found their service to be prompt and reliable. They have taken time to work with me on complex cases keeping both clients and myself up to date at all times. I couldn t recommend them enough. Mark Stroud I have dealt with Lucy and the team at Vantage Finance for a number of years now. In that time they have never let me down and always provide a quick turnaround when a new enquiry is submitted. When dealing with often complex commercial enquiries they provide a quick, honest appraisal of a case and the solutions they can offer and when a case is submitted they often go beyond the call of duty to make sure the process is as simple as possible for me as a broker. I have never been let down! Matt Thomas

8 Contact Information There are many ways to get in contact with us. Sometimes the easiest way is to just give us a call and talk your enquiry through with one of our friendly and professional team, or you can submit an enquiry to us online via our website enquiry form, or by selecting one of our interactive enquiry forms relevant to your enquiry from the forms page on our website, which can then be ed or faxed back to us. If you would prefer we contacted you and you are not already registered with us, please visit our online registration page and complete the short form with your details. T: +44 (0) F: +44 (0) E: enquiries@vantagefinance.co.uk W: A: Gerrards House Station Road Gerrards Cross SL9 8ES I have found dealing with Vantage a pleasure, with their full and honest opinions, not always what you want to hear but saves you wasting your time. Service standards are of the highest quality allowing me to concentrate on other avenues of my business. Would recommend to anyone to use Vantage as I have found them a lot better than their competition. Terry Andrews

9 Vantage Finance Gerrards House, Station Road, Gerrards Cross, SL9 8ES Tel:+44 (0)