What does a Professional Finance Broker Do? We interview a Leading Broker from Finspace Group

In the era of increasing product and credit policy complexity, professional brokers can educate and guide the customer through the process, reducing the time, stress, and burden related to securing lending and assisting the customer to select an appropriate funding option suited to their financial situations, needs, and objectives. Brokers provide the customer with a wider choice and access to a vast range of options than they would likely reach without assistance, thus seeking to ensure clients secure a competitive interest rate for their given circumstances.

Mortgage brokers also provide excellent customer relationships and enhance industry experience. To answer all your questions, we have interviewed a professional financial broker with years of experience at “Finspace Group” in the UK. Finspace specialises in providing services to property developers and homeowners in solving their financial needs.

 

 Interviewer: How did this journey begin? 

Hi, I am Dave, a specialist finance broker at Finspace Group. Being specialised in raising finance on residential and commercial properties, we help UK and international clients to get great funding deals. We leverage our reputation and excellent lender relationships to achieve this.

With years of experience, Finspace has been helping clients achieve their property dreams. Our meticulous and considerate team prides themselves on both their professionalism and the personal touch they offer to every client. So, if you want to find out exactly how finance brokers should operate, look no further. Finspace is here to help.

Interviewer: What services do you provide to the customers?

We provide the following services:

• Development Finance
• Commercial Mortgages
• Portfolio Finance
• Short Term Bridging Finance

Interviewer: Can you please elaborate for our audience on what these services are and when to use them?

I will give you a brief understanding of what they are like when we talk about each of them:

Various types of development finance can be arranged for your specific project. You will get the most out of your developments if you understand the fundamentals of the capital stack – the total capital that can be invested in a project. Development Finance is used for all types of property development.

Then, commercial mortgage refers to a set of products that provide an efficient way to fund purchases and refinancing from higher-rates. With several lenders in this space, your situation must be presented in the right way so lenders can take a commercial view of it. The difference from one product to another can be substantial at times.

Professional investors and private landlords with more than one buy-to-let property require specialist funding to enable them to expand their property portfolio and ensure it is delivering the expected ROI.

Short-term bridging finance, as the name, suggests covers a period between a few months to a couple of years. This debt instrument is generally designed to be a quick fix for an acquisition or bridge between refinancing and value addition.

What Does a Finance Broker do? 

Put simply – a finance broker works with you to assist you in securing funding. It might be for the purchase of your dream home, property investment or a development project. This can save busy people a lot of time and effort in shopping around. It also means those who are new to the process and a bit unsure of how it works, have someone who can guide them through it. One way to look at it is – when you go to a bank, the person you sit down with is an employee of that bank. When you see a finance broker seeking borrowing advice, that broker is often an employee of a business offering financial solutions. The key difference – they are employed to find the right solution for your situation. Many people like to use a finance broker because it means an expert is presenting them with different options, rather than them shopping around themselves.

What are the advantages?

A pretty easy and informative question. Well, a property development finance broker can save your time, and money, help you see the finer details, save your credit history and find solutions that work best for you.

If you own a Ferrari, you won’t take it to the local garage for maintenance. You would prefer to take it to a specialist, who works on Ferraris’ every day, right? You need to think about your finances in the same way. Each lender has a different way of doing things. Property development finance brokers work in this field every day. We are there to find a solution to your lending needs.

In the end, we are there to take the pressure off you, to trawl through the all the  information and find the solution that best suits you.

We hope you find this session informative, for more information contact Finspace.