Specialist Finance Brokers

Specialist Mortgage Finance Brokers

These are the niche, complex and involved parts of the mortgage market, which demand a higher level of understanding, experience and lender access.

We have been at the "leading-edge" of the mortgage market since we were incorporated and have focused on the more challenging and complex parts of the industry.

For us, this means:

• Development and Refurbishment Finance
• Large Property Portfolios
• HMOs and Limited company Buy to Lets
• Hotels and Leisure
• Commercial Finance 
• Business Finance 
• Second Charge Mortgages

We know our way around all of these, we have a vast lender network and often use a combination to create the best outcomes.

Property Development Finance

Property development finance is a solution required for property developers to fund the construction of a project, be it for new developments or the conversion and refurbishments of residential or commercial land and property. This type of finance is usually in the form of a short term loan, although there is an increasing number of options available on the market to meet your requirements.

Time is often of the essence when it comes to property development, so in order to create the best possible funding solution for a project, you will need to move fast.

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Owner-Occupier Commercial Finance

If your business is looking for a new property to purchase to conduct commercial operations from it, then you will be seeking owner-occupier commercial finance. 

Clients often come to us wanting to know exactly how much they can borrow for the purchase of their owner-occupied commercial property. Theoretically, for this sort of loan, loan to values (LTV) can reach up to 75%, though this is really at the upper end of the LTV spectrum. In most cases, the highest rate that can be achieved is 65% LTV. Indeed, at Enness this is the rate that we consistently deliver. 

VAT Loans

When buying a commercial property that is fewer than three years old, the purchase will attract value-added tax (VAT) on the purchase price at the prevailing rate, which is currently 20%.

If the commercial property is older than three years, however, and if the current owner has opted to tax the property, standard rate VAT will also be applied. As a VAT registered company, you can claim back the 20% tax after a lengthy period of time.

However, 20% is a sizeable chunk of any budget and for the purposes of cash flow and financial stability, it can be a limiting factor in any business project as, traditionally, commercial lenders will not include VAT in their loan calculation, leaving borrowers to fund the extra cost. 

Enness works with a trusted partner who can provide VAT loans to clients; covering the VAT bill upfront, whilst you wait to be reimbursed by HMRC.

Business Finance

Enness understands a business’ requirements extend beyond simply purchasing a commercial property, and is committed to helping our clients fulfil their business ambition.

We can help you with:

• Invoice Financing
• Asset Finance 
• Cash Flow Lending
• International Trade Facilities

Business Finance Sector - Unsecured Loans

One of the growing sectors with regards to unsecured business loans is the peer-to-peer market. They will consider all finance applications although all potential clients will still need to provide an array of pre-offer documents. These tend to include:

• Business bank statements going back three months
• Copy of the latest report and accounts filed with companies house
• An up-to-date profit and loss/balance sheet if the accounts are more than 16 months old