Q
A		 How competitive are your interest rates?
Our rates are highly competitive, however they do vary according to four factors as follows:
  • The prevailing base rate set by the Bank of England
  • The type of asset we are financing
  • The size of the deal
  • The credit rating of the business or individual

Rates start from 0.5% above the Bank of England base rate. Please see the case studies page.
Q
A		 Are your rates fixed or variable?
All of our interest rates are fixed, with the exception of mortgage lending where rates can be variable as well as fixed.
Q
A		 Our bank provides all the finance we need, why should we look anywhere else?
 It is very important that you should have an alternative finance source to your bank. Your bank may require your house as security for loans and if you have an overdraft this will be repayable on demand. Any prudent businessman or individual should have a range of finance sources, it is very dangerous to be over reliant on one source.
Q
A
Why should we pay commission to a broker?
  • The only fee that is sometimes payable directly to us is a small arrangement fee, our commission is paid to us by the banks and finance companies, and is built into the monthly repayment that we quote you.
  • Because we give such a large amount of business to the banks and finance companies that we deal with, they provide us with extremely competitive rates, which we pass on to you. In most cases you would get a worse deal if you went direct.
  • Many of the banks and finance companies, in particular the European and Far Eastern companies, do not deal direct with customers, but only through Agents like us. This saves them the huge cost of employing salesmen, and means that you, the customer get a better deal.
  • You will find that the level of service we offer is second to none.
  • We deal with over 250 banks and finance companies and are therefore ideally placed to find the best deal for you.
Q
A		 Do you provide free quotations?
 Yes, in all cases quotes are free, but in order to give you an accurate quote it is very important that we have as much information as possible as detailed in our standard proposal forms.
Q
A		 How quickly can you arrange finance for us?
This depends on the size and complexity of the deal. Small lease purchase deals on cars, or small personal loans can be agreed within a few hours. Larger deals for the leasing of large plant and equipment or commercial mortgages can take 10 days to 2 weeks. Rest assured that we will keep you informed of progress at all times.
Q
A		 Can you provide finance to new start businesses?
 Yes, however in the absence of accounting information and credit profiles, we would require a business plan to include curriculum vitaes for the proprietor, partners, or directors, 1 year projected cash flow, balance sheet and profit and loss account. We would need details of capital introduced by the proprietor, partners or directors, full home address details including house value and mortgage outstanding and full details of the finance requirement.

 

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