Development exit finance refers to short-term financing used by property developers to repay outstanding property development finance once the project is nearing completion. Why is development exit finance necessary? Property development projects usually require a significant upfront investment in land acquisition, construction, and other development costs. These costs are often funded by development finance, a...
Read moreThe latest data released by property auction data and insights provider Essential Information Group (EIG) shows growth in the UK’s property auction market, providing positive news for property investors. EIG’s latest monthly National Auction Analysis, released at the end of March, reveals that the UK property auction market saw substantial growth across all year-on-year metrics...
Read moreCommercial and residential mortgages are similar in that they both involve borrowing money to purchase property. However, they differ in several ways: 1. Purpose Residential mortgages are used to finance the purchase of homes that people will live in. On the other hand, commercial mortgages are used to finance properties primarily intended for business activities....
Read moreBridging finance, also known as bridge loans or bridging loans, is a short-term loan (generally 12 months or less). Bridging loans provide quick access to funds and are typically used to bridge a gap between purchasing a new property and selling an existing property. However, there are other scenarios where bridging finance might be appropriate,...
Read moreBuying an investment property at auction can be an effective way to expand your real estate portfolio. Preparation is the key to success, so here are some tips to help you increase your chances of a successful purchase. Before the auction Research thoroughly in advance Understand the auction process and rules well before the event....
Read moreAs you’re on our website, you probably already appreciate the virtues of using a commercial finance broker. But what makes ASC the broker for you? Check out this five-star review for our Hampshire and Dorset office. We think it illustrates our case perfectly! “I recently had the pleasure of working with ASC Finance for Business,...
Read moreWhether you’re looking to begin a large-scale property development project or plan to expand your buy-to-let property portfolio, you’ll probably need property finance to realise your ambitions. Property development finance funds residential, commercial or mixed-use property development. Several options are available, and as the choice can be overwhelming, here’s an outline of some possibilities. Five...
Read moreBuying a buy-to-let property through a limited company has become increasingly popular in recent times. According to estate agent Hamptons, 74% of all buy-to-let purchases in 2023 have been made via a limited company, up from 68% last year and 41% in 2015. This strategy can have certain advantages that may make it a preferred...
Read moreBridging finance is a short-term loan (typically 12 months or less) that provides an immediate cash boost. Bridging finance plays a crucial role in property development and investment by providing short-term capital to bridge funding gaps or facilitate property transactions. This form of financing is favourable when traditional forms of financing, such as bank loans,...
Read moreA commercial mortgage is a secured loan used to purchase a commercial property. When deciding whether to lend, lenders assess several key factors to determine the borrower’s creditworthiness and the overall loan risk. Each lender may have slightly different criteria, but generally, they look at the following: Business and financial information Business history and type:...
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