Sourcing property finance, within all property sub-sectors is our core business. We have extensive experience and ‘inside knowledge’ that is not generally available to property investors and developers. Our success rate is very high, and in almost every case we deliver payback on our fees from the improved borrowing terms and cost benefits that we obtain for our clients, along with the added value we provide to your reputation, whilst saving you time, which can be better spent elsewhere.
We can assist investors and developers that need new finance, want to restructure existing facilities, or are considering a change of lender. We specialise in working with investors and developers that have, or need, borrowing of £250,000 or more, typically with an asset value of £500k - £20m. Most of our clients have, or are seeking borrowing facilities of £1m - £5m.
We will work closely with you (and your professional advisers if appropriate) to help you decide how much finance you need, and to help identify which products are likely to be the most suitable for you. Using our lending expertise, we will then arrange the finance for you, saving you time, stress and hassle. Whilst we specialise in dealing with the High Street banks, we also have access to numerous independent and specialist lenders that we can use if the banks cannot, or will not lend.
Avoiding the Pitfalls
Arranging finance can be time consuming and problematic and lenders can be difficult to deal with. Even investors and developers with an unblemished borrowing history can struggle to get the finance they need, on the right terms.
We know that borrowers will often :
- Pay too much in lending fees, interest charges, or other costs (ie valuation fees, security fees, legal fees).
- Pledge too much security to their lender (including personal guarantees).
- Accept unnecessarily restrictive terms & conditions, or
- Accept the wrong products or structure, which can lead to problems later on.
Why does this happen ?
Property finance is very technical and some lending products are complicated; so anyone who has not previously worked in a bank will be dealing with things that are beyond their area of expertise. As the saying goes, “You don’t know what you don’t know!”
More importantly, it is extremely difficult for borrowers to exert any meaningful influence over a bank’s lending decisions, and instead they have to rely on the bank’s personnel doing their jobs properly and on the bank’s systems working effectively. The problem is this does not always happen, and leads to inconsistent decisions and unexpected outcomes. This is why borrowers often end up with inferior borrowing terms, or with no finance at all. ‘DIY’ borrowers – those who choose to go it alone and arrange their own finance – are particularly at risk.
Valuable inside knowledge and expertise
Against this backdrop, why take the risk of doing it yourself when we can do the work for you?
At Bespoke, with our considerable banking and property finance experience, we have the ‘inside knowledge’ and expertise that is vital for getting you the right facilities on the right terms. We will help identify which products and structures are likely to be the most suitable for you, explain the pros and cons of each, shoulder the burden of dealing with lenders and source an offer of finance on your behalf.
We influence lending decisions in a positive way by doing much of the banks’ work for them, and in return they are prepared to compete with each other to win business. This greatly improves the chances of achieving a successful outcome and leads to improved borrowing terms and beneficial cost savings. A mutually beneficial outcome for both borrower and lender.
We are also Independent and not tied to any lender – unlike most finance brokers, we do not believe in accepting arrangement fees from lenders, so we have no conflicts of interest or divided loyalties.
Ours is a proven service that will improve your chances of success. We will save you time and reduce the stress and hassle that comes with raising finance.
We deal with all the major banks, as well as numerous specialist lenders who can provide finance when the banks cannot or will not lend.
We can arrange the following finance :
- Residential and Commercial investment Finance
- Residential and Commercial Development Finance
- Mezzanine Finance
- Planning Gain Finance
- Buying property through a SIPP or SASS
- Property – Bridging loans (short-term loans against 1st and 2nd charges)
- Overdrafts