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  • Loans

    Bridging loan myths dispelled

    Increasing demand from borrowers for flexible short-term funding has led to a rise in bridging loans. The Bridging & Development Lenders Association (BDLA) reports record completions of £1.79bn in Q3, a 2.6% increase from the previous quarter. Bridging finance is a short-term loan (typically 12 months or less) that provides an immediate cash boost. Although...

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  • Banks, Finance

    What are the alternatives to a bank loan for a business?

    For many businesses needing finance, their bank is their first port of call. The British Business Bank recently reported that 51% of smaller businesses only approached their bank. If their bank declined them, only 5% would consider another lender. However, despite banks being a clear favourite for business finance, they aren’t the only option. If...

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  • Finance

    Do I need to give a personal guarantee for a business loan?

    A recent survey found that 60% of small business owners feel uninformed about the risks associated with personal guarantees, leading 25% to withdraw from loans that required them. If you plan to take out a business loan and are unsure whether you’ll need to provide a personal guarantee or what the risks and rewards might...

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  • Finance

    Benefits of development exit finance

    Development exit finance is a short-term loan that provides funding against a residential development project that’s complete or nearing completion. You can read about the practicalities of development exit finance here. In this article, we’ll focus on the benefits of using this type of finance. Benefits of development exit finance 1. Repay the original development...

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  • Finance, Loans, Property

    When to refinance a commercial property

    Refinancing a commercial property means taking out a new mortgage to replace the existing one. Refinancing could bring a number of benefits to your business if done at the right time. Refinancing could be beneficial to your business in the following scenarios: Lower interest rates: Interest rates regularly fluctuate. If rates have fallen since taking...

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  • ASC News

    Recent deal completions for ASC Finance

    It’s been a busy time across the ASC network. Here’s a selection of some of our recent deal completions to give you a flavour of the success we achieve for our clients. On behalf of clients, we have secured: Refinance £450,000 commercial mortgage for a Dorset holiday park following partnership dissolution. £340,000 via an agricultural...

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  • Loans

    Peer-to-peer lending guide

    Peer-to-peer (P2P) lending is a fast-growing type of finance in the UK. Here’s a handy guide if you’re wondering about using P2P to finance your business. What is P2P lending? P2P lending is a form of financing that allows investors to lend money to businesses needing funds. This process occurs through online platforms that match...

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  • Finance, Property

    Pros and cons of refinancing a commercial property

    Refinancing a commercial property involves replacing your existing mortgage with a new loan. It may involve switching lenders or negotiating a new deal with your current one. Refinancing a commercial property may be appropriate for several reasons. Perhaps your current commercial mortgage is ending, or you’d like to release equity to help with cash flow....

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  • Finance, Property development

    What is development exit finance? 

    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...

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  • Loans, Property

    How is a commercial mortgage different to a residential mortgage?

    Commercial 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....

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