Next Steps
As a specialist property finance broker, Clifton Private Finance can provide a clear picture of the options available to you. We will assess your specific set of circumstances and arrange a finance solution tailored to your needs.
Investing in property may offer another way to provide additional income. When looking to invest in a property, it is integral to have readily available finance to avoid missing out on an attractive investment opportunity.
Although you have to act quickly to take advantage of an investment opportunity, you may not want to invest all of your capital into the property and a business loan may be a good option.
Traditional Lenders
If you need finance quickly, then applying to a traditional lender may not be the best course of action. This is because traditional lenders’ applications can take up to several weeks or even months to process, with no guarantee that it will be successful. If you have to wait several weeks or even months before you can make your investment, you may be in danger of missing your chance to invest.
In addition, traditional lenders’ lending criteria can be strict and, depending on what type of property you are looking to invest in, it may be difficult to secure a business loan.
Private Lenders
If you wish to access a business loan for an investment property and you do not wish to endure the traditional lender application process, then you might want to approach a private lender.
Unlike with a traditional lender, private lenders’ applications are more straightforward and usually take less than several weeks to process. This means that when you have found an investment property, if you use a private lender, you are less likely to lose out on the investment through delays.
It is important to note that private lenders are not available on the high street and cannot be found on comparison websites. If you want to apply to a private lender for a business loan, then it is advisable to contact a professional broker.
