Help — Financial Brokers

Asset finance

1What is asset finance?
Asset finance is a financial product business use to purchase the equipment (or assets) they need to grow. This involves paying an arranged fee to use the asset over an extended period of time.
2Why should I use asset finance?
By using asset finance you avoid the cost of purchasing the asset up front. This allows you to extract the value of the asset, use it in your business and perhaps make a profit from it. Your monthly fee to use the asset is typically lower than the profit or the value the asset provides your business with.
3What type of asset finance should I use?
This depends on a number of different things, such as the asset you’re looking to purchase, the purpose of the asset and if you want the asset to appear on your balance sheet. As such, it is recommended that you call us today and we can assess your situation, then recommend what type of asset finance.
4Are there tax benefits to asset finance?
Yes, as finance is viewed as an operational expense it can be used to lower your tax. By using asset finance you also provide your business with a greater return on capital employed value (ROCE).
5Why should I choose Financial Brokers for my finance?
We treat your business like it’s an individual person, with unique characteristics and needs. We look to understand your business strategy and what finance product is best suited to help you fulfill your goals. Sometimes you may have a finance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended finance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe a finance product which is best for you and your businesses needs.
6How fast can I get asset finance?
Once approved for finance you or your vendor can receive funds within days.
7Does my credit rating affect my ability to get asset finance?
No, simply when approving you for asset finance we look at your balance sheet and use this to base our decisions for approval.

Business bespoke finance

1Why should I choose Financial Brokers for my finance?
We treat your business like it’s an individual person, with unique characteristics and needs. We look to understand your business strategy and what finance product is best suited to help you fulfill your goals. Sometimes you may have a finance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended finance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe a finance product which is best for you and your businesses needs.
2How fast can I get bespoke finance?
Once approved for finance you can receive funds within days.
3What makes bespoke finance different?
Bespoke finance is a product built around your businesses needs. Typically when shopping for a finance product you’re given an inflexible product. This may have terms which are unsuitable for your businesses long term plans. Instead, we take a fresh approach and create terms that simply work for your business.
4Does my credit rating affect my ability to get asset finance?
No, simply when approving you for finance we look at your balance sheet and use this to base our decisions for approval
5Why should I choose Financial Brokers for my finance?
We treat your business like it’s an individual person, with unique characteristics and needs. We look to understand your business strategy and what finance product is best suited to help you fulfill your goals. Sometimes you may have a finance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended finance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe a finance product which is best for you and your businesses needs.
6How fast can I get asset finance?
Once approved for finance you or your vendor can receive funds within days.
7Does my credit rating affect my ability to get asset finance?
No, simply when approving you for asset finance we look at your balance sheet and use this to base our decisions for approval.

Business overdraft

1Do I need to pay for my overdraft facility if I never use it?
No, you will only be charged for when you use your overdraft and for the time period you need the extra cash. Simply put, if you never used your overdraft, it would not cost you a single penny.
2How can I arrange an overdraft facility?
You can start today by calling up one of our consultants who will assess your situation. During the phone call, we will need an understanding of your financial history before we can take your application further. Once we’ve approved you for an overdraft we will then look to arrange your facility for you within the week.
3Why should I choose Financial Brokers for my finance?
We treat your business like it’s an individual person, with unique characteristics and needs. We look to understand your business strategy and what finance product is best suited to help you fulfill your goals. Sometimes you may have a finance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended finance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe a finance product which is best for you and your businesses needs.

Business protection

1What is key person protection?
Key person protection will insure against the financial losses should a key employee or director dies, or becomes seriously ill. This pays out a lump sum providing your business with the funds it needs to keep on growing
2What is business loan protection?
Should a business owner take out any finance, such as a business loan, a mortgage or a directors loan. Then becomes ill, or dies. Business loan protection pays off the businesses outstanding debts.
3What is share purchase protection?
Share protection purchase allows all remaining shareholders to purchase the shares from existing shareholders, who may have been struck by a terminal illness or death.
4What is partnership protection?
Partnership protection is used should a business owner wish to purchase the shares of an existing partner, should they fall ill or die. While the business or other partner doesn’t have the available funds to buy said shares.

Invoice factoring

1What is invoice finance?
Invoice finance is either a short term or ongoing facility where we pay you for your unpaid invoices up front. We will then collect the full value of your invoice once it has been paid to you by your supply chain.
2Why would I use invoice finance?
Invoice finance is a great way to boost your own cash flow, without necessarily taking on more debt. Invoice finance also helps reduce your debtor days substantially.
3Why should I choose Financial Brokers for my finance?
We treat your business like it’s an individual person, with unique characteristics and needs. We look to understand your business strategy and what finance product is best suited to help you fulfill your goals. Sometimes you may have a finance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended finance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe a finance product which is best for you and your businesses needs.
4Why should I choose Financial Brokers for my finance?
Once approved for finance you can receive funds within days.
5Does my credit rating affect my ability to get invoice finance?
No, simply when approving you for finance we look at your balance sheet and use this to base our decisions for approval.

Bespoke insurance products

1Why should I choose Financial Brokers for my Insurance?
We look to understand what you’re trying to achieve and what insurance product is best suited to help you fulfill your goals. Sometimes you may have an insurance product in mind, but through consultation with Financial Brokers, you may find a different or even a blended insurance product would suit you best. Lastly, because we’re an independent we can remain unbiased to any one product. Meaning, we will always prescribe an insurance product which is best for you and your businesses needs.
2How fast can I get bespoke insurance?
Once approved for insurance you can be insured within days
3What makes bespoke insurance different?
Bespoke insurance is built around your needs. Sometimes an off the shelf insurance product may not be suitable for what you’re trying to achieve. Terms may be too long or too short. You may only want to be insured for some items and not all. On the flip side you may want greater insurance to mitigate even more risk. Therefore we aim to consult and create a bespoke policy that will help you achieve the level of insurance you desire.
4Does my credit rating affect my ability to get insurance?
Not all the time. As we have 100s of insurance partners we can find many who are happy to look past credit ratings and provide a policy based on a personalised write up, which we can provide.

Bespoke contents insurance

1What is building and contents insurance?
It is a safety guard should anything out of your control damage your property. Think floods, fires, or break ins. You can just buy building insurance or just contents insurance, but it’s recommended that you get both.
2What does contents insurance cover?
Cover for your personal belongings, gadgets, TVs, furniture etc.
3What does buildings insurance cover?
Cover for any damage to the structure of your home.
4How can I get buildings & contents insurance?
Call us today with any and all of your questions and we will help find the right policy for you.

Business protection insurance

1What is key person protection?
Key person protection will insure against the financial losses should a key employee or director dies, or becomes seriously ill. This pays out a lump sum providing your business with the funds it needs to keep on growing
2What is business loan protection?
Should a business owner take out any finance, such as a business loan, a mortgage or a directors loan. Then becomes ill, or dies. Business loan protection pays off the businesses outstanding debts.
3What is share purchase protection?
Share protection purchase allows all remaining shareholders to purchase the shares from existing shareholders, who may have been struck by a terminal illness or death.
4What is partnership protection?
Partnership protection is used should a business owner wish to purchase the shares of an existing partner, should they fall ill or die. While the business or other partner doesn’t have the available funds to buy said shares.

Commercial insurance

1What is employers liability insurance?
Employers liability insurance is an insurance policy you must take out if you have staff. This protects you against compensation claims arising from employees injuries or illnesses.
2What is public liability insurance?
Public liability insurance is an insurance policy that covers compensation payments and legal costs should a member of the public make a claim against your business.
3What is asset protection insurance?
Asset protection insurance provides your business with cover should any damage incur to your assets, tools or products.

Landlords insurance

1What is landlords insurance?
Landlords insurance is designed to cover you against any potential risks which may cause damage to your property or financial losses.
2What comes included in landlords insurance?
Each policy may differ slightly, but the core components are as follows: Non-payment of rent, damage experienced to property caused by a tenant, rehousing tenants, emergency overnight accommodation for tenants, emergency repairs.
3Can I just have contents insurance instead?
While standard home insurance will just cover your buildings and content.It won’t cover any risks of just renting your property to tenants. At time it is often written into your mortgages T&Cs that you must have contents insurance in place.

Mortgage protection insurance

1What is mortgage protection insurance?
Mortgage protection insurance is designed to cover the costs of your mortgage payments in the event of an accident, a sickness or unemployment occurs.
2What does mortgage protection insurance cover?
Standard policies cover the monthly cost of your mortgage payment for the period of time you’re unable to work.
3Will you cover self-employed people?
Yes, self-employed people can receive mortgage protection insurance.

Personal protection insurance

1What is personal protection insurance?
Personal protection insurance is referring to multiple different policies which seek to protect your income and way of living should anything happen to you. This includes critical illness, income protection and life insurance.
2What does personal protection insurance cover?
Personal protection insurance covers accidents and sickness only, unemployment only.
3What does critical illness cover?
Unlike personal protection insurance which pays out monthly to cover your monthly ongoing expenses. Critical illness will pay out a lump sum that's specifically written into your policy should you be unable to work.
4What is life insurance?
Life insurance promises to pay your benefactors a lump sum should you die.
5Can I get personal protection insurance if I’m self employed?
Yes, self-employed are entitled to personal protection insurance.
6What policies should I choose in my personal protection insurance?
This is dependent on a number of things. How much or how little cover you’d like, pre-existing conditions, how long you would seek to have cover for. Due to this, we recommend contacting us today to discuss this further. Our consultants will seek to understand your needs and offer free advice on the best policy for your circumstances.

Bespoke development finance

1What is bespoke development finance?
A type of finance available to provide the funding you need for your development plans. This can cover costs for new builds, land, commercial or residential properties, new projects and incomplete projects.
2Can you arrange funding for first time developers?
Yes, if you can provide us with enough information about your plans and you have a strong team behind you, we can build you a strong case to take to our funders.
3Can you get finance for land without planning permission?
Yes, we have funders which will cater for these types of projects. This allows you the time to acquire the rights to build on the land.
4Will bad credit affect my ability to lend?
We can still arrange funding for you even if you don’t have the strongest credit rating. We tend to lend against the strength of your team and the development itself.

Commercial property purchase

1What type of properties will you fund?
We can fund a variety of properties from nursing homes, nightclubs, apartments, farms, retail developments and student accommodation to name a few.
2What is a commercial mortgage?
A commercial mortgage is a loan secured against your commercial property.
3How much equity do I need to be approved for a commercial mortgage?
As each property, function of property and business is unique it is impossible to give an accurate answer. However, the industry average is roughly 20%. Should you wish to find out how much equity you may need, we recommend calling us today to speak with a consultant for free.
4How long does it take to get funded for a commercial mortgage?
Typically for most businesses, you can expect full funding within 60 days of submitting your application.

Investment property purchase

1What is investment property finance?
Finance available to provide the funding you need to capitalize on property investments. This type of finance can be pre-approved prior to your search for your next investment, allowing you to act fast with little bureaucracy.
2Will bad credit affect my ability to lend?
We can still arrange funding for you even if you don’t have the strongest credit rating. We tend to lend against the strength of your team and the development itself
3Can you arrange finance for foreign property investments?
Yes, as we work with a range of international funders, we can help you arrange finance for properties overseas.

Remortgage advice

1Why should I remortgage?
A remortgage can often help you to reduce your overall loan size. Many people also chose to remortgage because they’d prefer to switch from an interest only to a repayment mortgage. While others use remortgaging as a way to release equity from your home to pay for renovations.
2What is a remortgage?
A remortgage is where you take out a new mortgage against your existing property to replace your existing mortgage or to borrow money against your property.
3How do I remortgage my property?
Work out how much you can afford to pay. Then find out what additional costs you may have to pay such as early repayment charges. With this information in hand it is then time to seek a new mortgage. You can do so by calling us today and we will work with you to find a mortgage that is suitable for you.

Residental property purchase

1Can I get a mortgage if I have a bad credit rating?
While it’s impossible to give a blanket yes. What we can say is, we have helped many people who have been originally turned away by mainstream banks find a fair mortgage to buy their perfect home. Sometimes this involves using speciality lenders or peer to peer lending.
2What is peer to peer lending?
Peer to peer (P2P) is a financial facility provided by ordinary investors (people) and not one individual lender. This is a new innovative way of lending money and investing from people all over the world.
3Can you help me find a buy to let mortgage?
Yes, we work with many funders who specialise in providing buy to let mortgages.
4Can you help me find a mortgage even if I’m a foreign national?
Yes we can. In fact, it’s our speciality and we have helped hundreds of UK foreign nationals purchase their homes through us. We provide you with the right advice, in your language, making the process as simple as possible.
Bespoke advice