Business Finance Solutions
At Business Finance Solutions UK Ltd, we have 75+ years’ experience combined, In Banking and Finance ensuring we provide the highest levels of support to our clients throughout their Bridging and Development deals.
Regions covered: East Midlands & Nationally
Based in: East Midlands
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Business Finance Solutions UK Limited sits on your side of the table to find the most suitable funding options for your business and its specific needs
We have been helping businesses and property professionals access funding for over 18 years. We are a team of professional commercial finance consultants from a range of backgrounds, including Accountancy, Banking and SME Ownership and have a broad range of experience in all areas of commercial finance. We work with a panel of lenders from High Street Banks, Specialist Lenders and Alternative Finance providers to find the funding that is right for you and your business.
Why would you use us?
• Industry search platform covering offers and products from over 30+ banks in the UK.
• Help and support in preparing and pitching your request to the right banks.
• A Bank manager on your side of the desk in negotiations.
• Locally based, accessible support
When would you use us?
New build developments Residential and Commercial
• Debt funding up to 80% of costs (including land, construction and ancillaries).
• Debt and profit share funding up to 100% of costs.
Property Improvements
• Heavy and light refurbishments of existing residential property (Includes structural changes and extensions)
• Conversions of existing property to residential including HMO conversions.
Bridging Finance
• Auction purchases.
• Funding awaiting amendments to planning permission.
• Exit finance on completed/ready for sale properties.
Residential and Commercial Property Investments
• Finance and refinance of residential property including Student/HMOs/MUFBs.
• Finance of Commercial and Semi-commercial property for owner occupiers and Investors.
Who are we?
• East Midlands based.
• Established over 18 years.
• Owned and run by SMEs to support SMEs.
• FCA registered and regulated
Case Study: Vale of Belvoir
UK borrower specialising in premium rural development projects. The client was seeking finance to complete the development of a one-off residential property GDV £1.4m in a rural setting and start construction on another site consisting of 5 new build houses GDV £3.85m.
Structure:
Loan / LTV facility of £0.75m v GDV of £1.4m / LTV 53%
Loan 1 – Development
Case Study: Nottingham
Local Architect specialising in small-scale property development projects. The client was seeking finance to develop 5 detached properties with a GDV of £3.5m loan to develop the 5 units from the ground up, with repayment to come from the first completed sales.
Structure:
Loan / LTV facility of £1.95m v GDV of £3.5m / LTV 55%
Case Study: Derby
Locally based property Investor who develops to let. Purchased a block of 6 neglected 1 bed flats, refurbished and extended the property, converting and refurbishing the existing flats into modern 2 bed units (including a new roof), then added an extension to create 2 further flats to the rear with planning permission.
Development funding for refurbishment and extension, then term out loan on completion against rental incomes of £146k and a GDV of £1.15m
Structure
Loan 1 –Development Loan / LTC facility of £535k v GDC of £823k/ LTC 65%
Loan 2 – BTL mortgage/ £862.5k v £1.15m/LTV £75%
