Here is our 60 second key facts guide to UK equipment leasing.

• Unlike other forms of commercial finance applying for equipment leasing finance is a very simple process. All that’s needed is a short one page leasing proposal form and the equipment quote(s) for the initial application. Supporting information to complete the application should already be available such as bank statements and accounts etc.
• Timescales from application to loan completion are fast, typically around 2 weeks!
• The lower cash outlay normally needed for an equipment finance facility means that you can buy more or higher specification equipment in comparison to outright purchase!
• Monthly payments (rentals) are fixed for the term of the lease which means all future costs are known.
• By leasing cash can be retained within the business thereby preserving working capital for use elsewhere within the company.
• Where sufficient cash is not available to purchase equipment, leasing gives access to plant & machinery that otherwise might not be available.
• UK rules mean that 100% of monthly rentals can be offset against tax, this can make leasing cheaper than outright purchase or other commercial loans.
• Where the latest technology is a must to remain competitive, leasing provides a sustainable upgrade path at agreed intervals.
• Finally, equipment already owned can be used to raise working capital via leasing sale and leaseback finance facilities.

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

We have recently been reading about customers looking for business finance who have tried to raise loans via brokers and been charged thousands of pounds in up front fees only to be told the deal cannot be done.

As reputable UK based Commercial Finance Brokers Eland Business Services Limited do not charge any upfront fees. We would recommend that anyone seeking business finance should not proceed with any commercial loan broker who does!

Note that for some deals, for example property related, up-front fees for valuations and legals will be required by lenders. Any such fees should be paid direct to the lender and not the broker!

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

It doesn’t matter whether your interest is in the residential or commercial property market place, it would be highly unusual if London and the South East didn’t lead the way in any recovery!

News of a bounce in London’s commercial property sales maybe a sign that things have at least stabilised. Property agents Cushman and Wakefield report a 110% increase in London commercial property sales in the 2nd quarter of 2009, driven by bargain hunting overseas investors, distressed sales and the value of sterling.

Although sales are still lower than a year earlier, this can only be good news! Stable or slightly increasing prices may just mean it will become easier for UK borrowers to obtain a commercial mortgage sooner rather than later.

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

There are without doubt more mortgage products available in the residential housing market today. This may have contributed to the small increase in house prices over the last 3 months as reported by the Halifax & Nationwide.

As bridging lenders products tend to follow the mortgage market any changes from their perspective can be a forward indicator. We note the following news from the bridging loan market:-

1. A recent broker survey noted an upward trend for bridging loans.
2. One of our funders has expressed an interest in financing small, niche property development projects.
3. Another lender has recently raised £75m of capital for new lending.
4. Finally, one lender has reported a 100% increase in actual lending over recent months.

There is obviously a long way to go before the inevitable recovery, but maybe we have reached a turning point.

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

We are looking to add to our list of Introducers

Are you an accountant, IFA or solicitor based in the UK! Perhaps you are a property professional such as an architect, quantity surveyor or valuer!

Your customers will sometimes need help financing their company or project, perhaps you feel an offer they have on the table is too expensive, maybe their bank is being less than helpful, thats the time you should call us and we will endeavor to help!

If the above scenario is familiar, then why not join our expanding band of professionals who introduce business finance leads to us and claim a share of any commission earned. In particular we are seeking leads in the following UK commercial areas:-

• Asset Leasing
• Bridging Loans
• Commercial Mortgages
• Factoring
• Letters of Credit
• Property Development Loans

We are more than happy to help your customers whatever their circumstances on a confidential and no obligation basis.

Visit our web site for more information on the Commercial Loan Services we offer and more information for Introducers.

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

Bridging Loans being heavily marketed

I have been receiving an awful lot emails from new web sites and lenders pushing the virtues of short term bridging loans. They are all putting out the same message, telling me how good they are and encouraging people like IFA’s to introduce new business to them.

As an established commercial finance broker we are well aware of the value bridging finance can offer to potential users and of course the dis-advantages of short term finance. When it’s right for our customers then a commercial bridge will be offered as the best option.

So why might Bridging Finance not quite be as they were?

Well along side all this marketing more than one Bridging Lender has quietly reduced the Loan To Values they now offer. Indeed one that was ahead of the pack has dropped right back into the middle, perhaps even lower end when the prices rises for lower geared loans are taken into account.

So the credit crisis slowly rolls quietly out into the market place, but there is a glimmer of hope, that is if confidence in property is the key to salvation. I’ve just read that property prices in central London have grown by 7% over the last quarter, so perhaps things are not as bad as they seem!

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

Having recently released a number of finance calculators live on our website we can report that we believe they have had a positive impact on visitor experience. In particular we released two bridging loan calculators, combined number of visits to those pages make them the most popular destination for our visitors within 6 weeks of offering them!

Here is the full list of calculators that we hope will prove useful for our UK customers.

• Equipment Leasing Calculator
  Equipment Finance Calculator returns low & mid price estimated monthly rentals.
• Bridging Loan Calculator for express finance.
  Finance estimates for single commercial or residential property bridge loans only.
• Bridge Finance Calculator for Home Movers
  Non-Status, fast bridging finance using equity from both your current and new property. Where more time is available then lower cost finance options may be available.
• Buy-To-Let Mortgage Loan Calculator
  This calculator returns the maximum mortgage loan based on the rent and interest rate supplied.
• We expect to offer more calculators in the near future, so watch this space!

Please note that calculators on our site return results for guidance only and do not constitute a quote or that any finance application may be accepted. No commercial decisions should be taken on the basis of those results.
For a proper assessment of any finance requirement for your business and a full quote contact us via our web-site: Commercial Finance at Eland Business Services Limited

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

Within the UK commercial finance arena there is one area where it is usually very difficult to get a business loan. That area is raising finance to Buy a Short Leasehold Retail Business.

There are very few lenders who will offer finance without additional security. It is usually much cheaper to raise finance against another property, other wise funding is only on offer at a very high “short term loan” style rate. This is due to the higher risk involved and the underlying property being available on a lease on a term that is too short to raise a mortgage.

However we can now offer a facility over 5 years, providing the lease has at least 3 years to run at the end of the loan, at a very reasonable bank base rate plus 3% starting rate. The minimum loan is £30k, maximum loan is £125k and the maximum loan to value is 65%.

For more information visit our site Short Leasehold Business Loans.

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

When seeking any type of commercial finance, there are few areas of business funding that offer 100% finance availability. One area where 100% finance is available is asset based finance for equipment such as plant & machinery, computer hardware etc. In fact it is possible to lease any kind of equipment or asset, in many cases without any deposit, advanced rentals or extra security.

Many people in business think that leasing is for companies short of cash, in some instances that may be the case, but a little research shows that even the biggest companies use leasing to access assets essential to the running of their business.

One reason this finance option is a regular choice is the relative ease with which a leasing arrangement can be set up along with flexible payment terms, plus, other financial tools will still be available to the company. However the main factor in deciding to lease is cost, for most businesses the overall cost of leasing any particular asset or piece of equipment is lower than a cash purchase once loss of interest on cash on deposit and tax rules and deferred VAT payments are taken into account. It should be noted here that this rule may not hold for all businesses for example, start up companies or where poor credit history applies. Whatever individual circumstances apply, your accountant can offer professional tailored advice on any likely savings.

Unlike other finance options leasing offers fixed payments for the term of any agreement therefore easing cash flow management by not reducing working capital available to the company. Other major benefits of leasing is the possibility of upgrading or keeping technology up to date if the right finance option is taken out, adding new equipment to any arrangement is also very easy, especially once a payment record has been established. If you do not take ownership of the leased asset at the end of the term then the lender will have responsibility for it’s disposal.

Finally, by opting to lease, funds can be retained within the company to aid growth, but also the opportunity to acquire access to more or higher specification equipment can add significantly to that growth.

I recommend you visit our Business Equipment Leasing page for more information on the topic of leasing.

© Eland Business Services Limited

By noreply@blogger.com (The Commercial Finance Broker)
Yaab

We are increasingly receiving enquiries from UK property developers in distress as banks withdraw or reduce financial support. Developers with any kind of stretched facility or overdraft seem particularly vulnerable.

Fortunately for our customers we have a number of lenders available who will offer re-finance funds at a similar level of costs to the banks. Each development is appraised and finance on merit, therefore not all customers may receive similar terms, but we will do our best!

By noreply@blogger.com (The Commercial Finance Broker)
Yaab