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  • ASC News, Finance

    Making property finance simple: Recent ASC success stories

    Property finance can be complex, but with our know-how and expertise, we make even the more complicated deals happen. Here’s a round-up of recent property finance completions from across the ASC network to prove our point: £360,000 to purchase semi-commercial premises for a property developer’s office The property had split titles that needed to be...

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  • Finance

    A guide to development finance costs

    Development finance is a specialised loan used to fund the construction or refurbishment of properties. Unlike other property mortgages, development financing is typically short-term, usually 6-24 months. A development finance loan can be used to buy land and/or pay for construction costs and is suitable for new builds, conversions or refurbishments of existing properties. A...

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  • Finance, Loans

    Top 10 mistakes businesses make when applying for finance

    Securing finance for your business can be a game-changer. Given its importance, you’ll want to ensure a successful application enabling you to progress toward your plans. At ASC, we regularly see common mistakes businesses make when applying for finance. So, to help you dodge the pitfalls, here are the 10 mistakes to avoid. Top 10...

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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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