USE OF ASSET FINANCE

WHAT ARE ASSET LOANS USED FOR?

Asset loans are used for the purchasing or refurbishment of property. However, this includes a variety of circumstances in which you may need a asset loan:

BROKEN CHAINS

Asset finance allows you to continue with purchasing a new property in the event of somebody pulling out on buying a property you are trying to sell. A asset loan gives you longer to sell your property.

BUY-TO-LET LANDLORDS ADDING TO THEIR PORTFOLIO

If you find the perfect buy-to-let property to add to your portfolio, it might be sold before your bank approves your mortgage application. A asset loan from BAF will enable you to quickly secure the required funds before the property is sold to another buyer.

PURCHASING PROPERTY FROM AN AUCTION

Property auctions often allow you to find a property at a great price. The problem is you need to pay for the property in a relatively short time. Mortgages are not easy to obtain in such a short space of time, so a asset loan is a great way to quickly secure the required funds to pay for the property.

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RENOVATION PROJECTS

It can be difficult to secure a mortgage for a property which you intend to develop or refurbish in order to sell on because most lenders require the property to be habitable.

Asset finance from Berkeley Asset Finance allows you to secure the funds to renovate the property before finding a mortgage.

PURCHASING PROPERTY FROM AN AUCTION

Property auctions often allow you to find a property at a great price. The problem is you need to pay for the property in a relatively short time. Mortgages are not easy to obtain in such a short space of time, so a asset loan is a great way to quickly secure the required funds to pay for the property.

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