Niche brochure A4 12pp 2015-pdfimport.indd 1

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1 Niche brochure A4 12pp 2015-pdfimport.indd 1 14/10/ :51:29

2 Welcome: With many years experience and long term lender relationships Niche Financial Solutions are able to offer a range of financial products including Second Charge Loans, Bridging & Development funding and Short Term Asset Finance. Niche FS have the expertise and tenacity to source the right financial solution for your clients. With access to all the main lenders and a vast array of financial options Niche FS aims to provide unrivalled, personal and professional service, priding themselves on attention to detail and service excellence. There are a host of financial options available that means you are free to select the best solutions for your business. Product information Bridging Loans Second Charge Loans Development Finance Auction Finance Innovations in Finance Being a Niche FS Introducer Introducing the team at Niche Our Service Promise We appreciate how important response times are, during working hours we promise to call within one hour of receiving your enquiry. We understand your customer is your customer. We promise there will be no cross selling, your customer remains your customer We know that you want the best product for your customer. We promise to search the whole market for the right product for your customer We realise that you want a fair payment for your introduction; we promise transparency and clarity regarding commission structure Call us with your enquiry now one of our team will be happy to speak to you Niche brochure A4 12pp 2015-pdfimport.indd /10/ :51:31

3 Bridging Loans **shortlisted 2013 & 2014 for the best Bridging Broker By Bridging and Commercial distributor** The market is full of business opportunities capturing them can mean that you need to look beyond traditional sources of funding. Bridging Loans are available without limit from 25,000 terms range from 1 month to 36 months up to 80% loan to value (LTV) or if required 100% LTV can be arranged with the inclusion of extra security. Bridging Loans can be used for a variety of purposes Property development Buy to let purchases Property conversion or refurbishment Securing a property at auction Covering temporary short falls in finance Capital for most legal purposes Flexible and Convenient Lenders will lend against residential, commercial and semi commercial properties. Bridging Loans can be arranged very quickly in some cases a Bridging Loan can be arranged within a matter of days. Affordable and Available Omni Capital Partners With an experienced and thoroughly professional team on hand, Niche consistently delivers a superb service of the highest possible standard. Typically there will be a lenders completion fee, solicitor s costs and in some instances a broker fee will be charged. Interest on the bridging loan is rolled up or retained on the basis for a set period of time, usually 6-18months which means that no further payments are required. Bridging Loans are inherently a bespoke product tailored to individual requirements and in the right circumstances readily available. Mr B An experienced developer, found that he was missing out on securing his purchases as banks couldn`t operate in the required timescales. Niche FS secured 1.2million via a Bridging Loan which was secured against a projected purchase price of 1.7million on completion of the project. Niche FS completed the Bridging Loan within three weeks enabling the client to secure the house, committing to repaying the Bridging Loan on sale of the property within six months. Second Charge Loans Second Charge Loans can offer compelling benefits when it comes to an individual s borrowing needs. Retaining mortgages with low SVR`s, age restraints or repayment only mortgages make re-mortgaging to raise capital unattractive or in some cases not possible. With loan amounts from 10,000 up to a normal maximum of 500,000, Second Charge Loans are readily available for any legal purpose, from consolidating debt into one affordable payment, raising capital for any variety of purposes, extending or improving a residence and the products that are available are suitable for both employed and self employed. Why a Second Charge Loan Home Improvements Debt consolidation Purchase of a new car Holiday Homes Repay a Tax bill Business Purposes Cosmetic Surgery School Fees Investment Properties Flexible and Affordable JP Financial: The way, in which I refer business to Niche FS suits me down to the ground, I trust them with my valuable leads and through them I have found another income stream that I didn t have before. Available and Convenient Second Charge Loans are quick and simple to arrange and getting the correct financial expertise is crucial, an experienced dedicated case manager will see your enquiry through to completion. Flexible and affordable Second Charge Loans are available with rates from 4.92% (correct at time of publication Oct 2015). There are affordable options available for people whose credit history is blemished, most lenders do not take into consideration credit issues that are older than 12 months. Mr L A case was referred to Niche FS by an Introducer who is a Mortgage Broker. Originally the Mortgage Broker was looking to arrange a remortgage for his client in order to repay their unsecured credit but their property down valued and as the Loan To Value is restricted for remortgages it was not an option he could offer. The Mortgage Broker then contacted us at Niche FS to ask if a Second Charge Loan could be an option, the Mortgage Broker knew that Niche FS had access to lenders whose products cover borrowing up to 80% LTV. Niche FS were able to source a lender for the client arranging a Second Charge Loan of 58,000 to repay all of their unsecured credit commitments, which were costing over 1,900 per month as they had some costly HP agreements. The new monthly repayment on the Second Charge Loan was 666 therefore saving the client well over 1,200 per month. The Mortgage Broker who introduced the customer earned 1,300 in commission and was able to remortgage his client at a later date, repaying the Second Charge Loan Niche brochure A4 12pp 2015-pdfimport.indd /10/ :51:32

4 Development Finance While there are always business opportunities available to those who pursue them, there might not always be an obvious source of finance, Niche FS think outside the box, providing affordable alternatives to the options provided by other Brokerages or Banks. Utilising lender relationships and a vast accrual of experience Niche FS endeavour to provide finance where other options have not been possible. Development Finance Providing a Boost Minimum amount usual 150,000 with no maximum Term of up to 2 years Applicants in most cases need to have proven experience, although individuals circumstances will be considered For loans to Companies, a personal guarantee will be required from all Principles Maximums considered based on gross development value (GDV) is usually 70% depending on the nature of the deal higher values will be considered Development finance is by its nature going to be complex and specific to each project it is required for. It s crucial that the development finance provider is experienced and able to visualise a completed project. Niche FS have a proven track record, providing development funding helping both large commercial business and private individuals achieve their goals, in some cases working within the remit of business plans Niche FS has been able to source development finance proactively reducing potential costly delays. Available and Affordable Rates start from 7% per annum. Development Finance can be residential or commercial and ranges from one single construction to large residential new build projects. Niche FS will secure a funding facility and package that is designed to specifically meet individual requirements. Niche FS work with a number of development finance lenders who have continued to fund projects, despite the High Street Banks reluctance to lend in this area. Niche FS Making the headlines DW As a property developer, I value the speed of the service and the cheap rate of the fund very much to keep the cash flow going and to maximise my return. Goldentree We found Niche FS extremely professional and easy to deal with, they present their cases in a clear format that enables us to make a quick lending decision The site involved is located in Warwickshire, and consists of a large, 119 acre plot of land which was most recently used to house a conference, training and meeting centre. The main complex itself provided two conference rooms, 45 training rooms and 138 bedrooms for delegates. Within the wider grounds, there were four tenancies on residential cottages, along with separate plots of lands used as fields for pasture and woodland areas. As it stood, the site was valued at being worth 2.5 million. The client bought it on the basis that planning will be obtained to then see the site significantly developed, creating 63 new units and refurbishing some of the current builds to create 80 units in total. As such, a deal for a net advance of 1.2 million was completed in a very short timescale, allowing the borrower to get his developments underway. Auction Finance The auction market is officially booming. Young professionals are showing a trend toward property investment as an alternative to pension investment. With a booming Buy to Let Industry struggling to keep up with the demands for rental properties and individuals moving up the property ladder Auction Finance is a product that has evolved to meet this demand. Niche Financial Solutions are able to offer clients this new and innovative finance product. Auction Finance is a short term capital loan, amounts are available from 40,000 to 250,000 other products are available via Niche FS, if a larger loan is required or if there is impaired or damaged credit, Niche FS have a variety of different products to suit each individuals requirements. Together Loans & Mortgages Few brokers come with Niche Financial Solutions experience and commitment to this market which has made them the number one choice for many intermediaries. With no upfront fees - Niche FS can obtain an offer in principle either before or on the day of the Auction, helping buyers to secure their desired property with ease. Affordable, Available and Flexible With plans available from 3, 6, 9 and 12 months. Repayment terms offer various LTV options with a 100% LTV option available with supplementing security. The Auction Finance product is easy to arrange and get into place before an Auction. Rates vary depending on individual circumstances and start from 0.75% per month. Niche FS are committed to their continued support of the auction market helping individuals to achieve purchases of their desire properties Niche brochure A4 12pp 2015-pdfimport.indd /10/ :51:34

5 Innovations in Finance Being a Niche FS Introducer Mezzanine Finance Mezzanine Finance is an exciting product, providing Property Developers and fast growing businesses with crucial additional funding. Often referred to as Junior Debt, Mezzanine funding is a Second Mortgage, sitting behind the First Charge or Senior Debt. By accessing a higher Loan to value, the Mezzanine element will often provide sufficient funds to unlock a development deal or simply increase the LTV on higher risk ventures. Although more expensive than Senior Debt, a structured finance package that includes Mezzanine Finance will often reduce the developers cash contribution to as little as 10%, which is a very attractive proposition and great selling point. In addition, most Mezzanine Lenders are happy to use third party specialist reports such as valuations, thus avoiding unnecessary fees. We have a comprehensive range of Lenders providing this type of finance for residential, commercial and mixed use projects. The minimum Loan amount is typically 100,000 with no maximum. Detailed below are a couple of cases studies: A developer, who we regularly assist, had terms produced for a site in London, to build out two houses on one plot with a GDV of 12m. We had already secured him the 4m senior debt and he was financing the rest of the site from his own equity, which were a combination of capital he already held and the sale of one of his current developments. It became apparent quite quickly leading up to completion that the sale of his current development would not happen in the timescales expected and as such required another 1.8m as a mezzanine fund. As we already had extensive files on the development, terms were secured for the developer the same day, the lead times for completion were not disrupted and the completion deadline was met by all parties. Short Term Asset Based Finance Business Development Director, borro I have known and done business with the team at Niche for some time now. I have always found them to be knowledgeable and professional. In my experience they will go the extra mile for his Introducers and clients and work hard to make a deal fit wherever possible. I would have no hesitation in recommending NFS as a specialist distributor and a provider of borro products In modern times with banks cautious lending approach, property is not the only security that can be considered for raising capital. Short term finance can be raised very quickly for situations such as Facilitating a business transaction or opportunity Unexpected bills and fees Surveys and other fees relating to property refinance Funding for Probate Supporting own business working capital Short term funding can be secured against such items as Fine Art Jewellery Luxury Watches Prestige or Classic Cars DW: To the team at Niche, I just wanted to place on record my genuine appreciation for all your efforts on my behalf. Since I was first put in touch with you, you have always delivered true service, always gone the extra mile to find a solution and to ensure a result for the client (and for me the introducer) The few cases that I have sent you have not been easy but you have never flinched and I am delighted that we do now have some results to show for all your hard work. A genuine heartfelt thank you for all that you have done and continue to do How Niche FS work Niche FS have a team of highly experienced staff that have worked and been involved in finance broking for over 25 years. Developing strong long term relationships with Introducers is at the core of the Niche FS business. Committed to providing great products and exceptional service is reflected in high levels of repeat business. With all cases personally underwritten by a dedicated case manager Niche FS have built a reputation around the personal approach. Benefits of being a Niche FS Introducer You will be able to offer your clients a great range of products, personally underwritten by a dedicated case manager who will look at your client s requirement and source the right financial option taking into consideration their personal circumstances. Niche FS guarantee clarity and transparency in all cases. Your client will remain your client Niche FS policy is strictly no cross selling. Niche FS will have as little or as much contact with your client as you choose. You can be provided with a full quotation for the Financial Option allowing you to make the sale direct, or you can provide Niche FS with your clients name and telephone number and a Niche FS underwriter will speak with them on your behalf. You will be kept fully updated throughout the process. With either option the client remains your own and under no circumstances will there be any cross selling. John Preest, JP Financial: I have dealt with Malcolm and the team at Niche for a number of years. My main source of business is through mortgages and I wasn t really familiar with how Second Charge Loans worked or the general criteria but with their assistance I am now able to recognise whether a Second Charge Loan is a better option rather than a re-mortgage as the clients may have a low interest rate or have large early redemption penalties. I now send all my Second Charge Loan leads to Niche FS knowing that they will deal with my client on my behalf which frees me up to concentrate on my core business. They speak to the client for me and if the client qualifies they issue all paperwork, I have very little involvement with this which is how I prefer it to be. I know that my valuable clients are in good hands with Niche and all I have to do is wait for my commission to be paid once the deal has completed. Fine Wine and other High Value assets Occasionally I will have enquiries for Bridging or Development Finance and again these clients are passed straight on to Niche. If there is a deal that I am not able to do myself I refer them to Niche and invariably they are able to assist Niche FS Making headlines with innovative Finance borro completes first 1 million loan borro has announced its first ever 1 million loan, secured against a 19th century fine art collection, and introduced to borro via specialist intermediary, Niche Financial Solutions The loan was secured against a 19th century fine art collection, valued at 5million Niche brochure A4 12pp 2015-pdfimport.indd /10/ :51:35

6 Introducing The Team at Niche Introducing The Team at Niche Malcolm Scanlon Partner and Head of Lending Dragonfly Property Finance The team at Niche Financial Solutions are exactly the type of people we like to deal with. They are the perfect Key Partner. Malcolm knows bridging like the back of his hand and has a deep understanding of our processes and expectations. The result is quick deals and happy clients and that s all you can Malcolm Scanlon ask for Partner and Head of Lending Malcolm has worked in the finance industry for over 25 years. During his career in finance he has gained extensive experience often working alongside businesses and their business plans for growth Currently and development Malcolm a board is able to work member proactively, pragmatically of the planning AOBP capital (Association injections for of Bridging Professionals) Malcolm purchases, developments and growth tailored to individual requirements and circumstances. has Malcolm worked draws on the extensive in the experience finance gained from industry his roles as Head of for Sales over for BCS Loans 25 and years. During his career in finance he has Mortgages and as Managing Director of Chelsea Broking Services. Niche Financial Solutions was set gained up by Malcolm in extensive 2009 and his knowledge experience of the industry and often its products as working well as his relationships alongside businesses and their business and history with lenders in the market is the real strength behind the brokerage. plans for growth and development Malcolm is able to work proactively, pragmatically Dragonfly Property Finance The team at Niche Financial Solutions are exactly the type of people planning we like to deal with. capital They are the perfect injections Key Partner. Malcolm for knows purchases, bridging like the back developments of his and growth tailored to individual hand and has a deep understanding of our processes and expectations. The result is quick deals and happy clients and that's all you can ask for" requirements and circumstances. Malcolm draws on the extensive experience gained from his roles as Head of Sales for BCS Loans and Mortgages and as Managing Director of Chelsea Broking Services. Niche Financial Solutions was set up by Malcolm in 2009 and his knowledge of the industry and its products as well as his relationships and history with lenders in the market is the real strength behind the brokerage. If you have an enquiry or would like to register with Niche Financial Solutions, please call us on , or us at sales@nichefs.co.uk We would love to hear from you! Mr S.O Edinburgh I was doubtful at first about signing up but it was the best thing I have ever done. I just don t have any financial pressure any more. My life is on the up because of the help I received. BIG THUMBS UP Mrs F Leicester Despite my poor financial situation you helped me to refinance and gave me Sarah Clark a fresh start Thank you Senior Underwriter Sarah has worked in the financial industry for over 17 years, starting her career with BCS Loans and Mortgages, during her 17 years at BCS Loans and Mortgages Sarah acquired and honed valuable experience. She is an expert at underwriting and packaging and always goes the extra mile to fit the right loan product to the customers needs. Sarah is responsible for maintaining Niche FS relationships with Introducers ensuring that all cases get a dedicated case manager and that the deals are dealt with quickly, efficiently and with professionalism. Sarah endeavours to utilise her substantial experience to provide the best possible service and has been with Niche FS from the start. DB: Lindsay is always happy to discuss any enquiry i have no matter how complex, as a small IFA I appreciate Lindsay s regular visits and support AN: Lindsay has helped me to capitalise on cases i would normally have let pass me by. I have been able to derive additional income and retain Lindsay McGregor customers by increasing the services i can offer National Account Manager Having started his career in the retail sector in Scotland and the north Lindsay moved south and into the Financial Services Sector, working as a mortgage adviser for both a large brokerage as well as, estate agencies and within the Banking industry. Lindsay s worked hard to progress his career in the finance industry in both times of boom and the more difficult and challenging times of recession. Lindsay has taken on the role of National Account Manager at Niche FS, drawing on his substantial and versatile experience Lindsay aims to provide an informative and knowledgeable service to his Introducers, utilising his knowledge of the market, he understands the importance of a businesses need to adapt to the ever evolving financial market. Lindsay is happy to talk to and meet with progressive businesses keen to capitalise on their introducer potential and increase revenue or produce a new revenue stream Niche brochure A4 12pp 2015-pdfimport.indd /10/ :51:36

7 Niche Financial Solutions Marlborough House 26 High Street Swindon SN1 3EP t: f: e: Like us on Facebook Follow us Niche brochure A4 12pp 2015-pdfimport.indd 12 14/10/ :51:39