How do I raise finance?

The question that is asked all the time by property investors is - how do I raise the finance to begin?  If you are starting from the great perspective of having a good chunk of capital or you are able to release equity from a property to work with when you begin to buy property; then that is great. 

It makes the process much easier as it gives you the confidence to know that any offer you make is backed up by funds in the bank and therefore offers you greater bargaining power.  Coupled with the right knowledge and guidance, it also means that you can start your search sooner rather than later and get going on your chosen strategy.

Raising Finance

If you are trying to raise finance, then it would be a good idea to check your credit rating and mortgage status.  Speaking to a mortgage broker who specialises in lending for investment purposes about your ability to raise a mortgage would be a good place to start to see if you’re at least in the running in this sense. 

Regarding raising finance for the deposit or to buy outright, this can be a tricky subject.  There are a number of ways in which you could pull money together and we have listed them below:

  • Credit Card (short term)
  • Borrow money from relatives or very close friends
  • Borrow money (in the form of a loan) from friends or acquaintances
  • Raise Bridging Finance (in a number of different ways)
  • Bank Loan
  • Angel Investor/High Net Worth Individual/Sophisticated Investor
  • Vendor Finance (in certain circumstances)

 Check out our commercial finance and our mortgage section for more information on raising finance. 

Five reasons why Brexit has triggered 50% surge in mortgage enquiries

  Mortgage enquiries from overseas buyers are up 50 per cent since the Brexit decision, reports the mortgages division of one of the world’s largest independent financial advisory organisations. deVere Mortgages, part of deVere Group, which specialises in UK mortgages for expats and overseas buyers, primarily from the Middle East, Europe and Far East, affirms the uptick is a direct result of the outcome.Mike Coady, Managing Director of deVere Mortgages, comments: “We have experienced an almost 50 per cent increase in mortgage enquiries from British expats and overseas buyers since the result of the historic referendum that will see Britain leaving the European Union.  “We can attribute this significant surge in demand primarily to five key motivators.”He continues: “First, UK property has long been – and remains – highly in demand by those who reside overseas.  This is because of the ongoing fundamental strengths of British residential property investments.  But...
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  Your credit rating really is a valuable asset. It determines not only whether you’ll be accepted for credit, but also the rate you’ll be asked to pay on everything from credit cards to car finance and personal loans. By making sure that all the information held about you is correct, you can ensure that you stand the best possible chance of being accepted the next time you apply, and of getting the best interest rate. There are three credit reference agencies in the UK who each hold information about you, including how you’ve paid your bills over the last six years, whether you’re on the electoral roll, how much outstanding debt your already have and more besides. You can check this information yourself online with checkmyfile – the only place you can see all three files together in the same easy-to-understand format. If you do find anything wrong on your reports,...
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Mortgage Rules Nightmare!

We are investigating adding to our current residential mortgage to possibly fund a house move. This image from the Telegraph is exactly what I looked like last week after a conversation with our bank. When I booked the phone appointment with one of their mortgage advisors they said they would provide me with a list of documentation they would require before the call. They duly provided a list via email. As we are both self employed this was an ardous task. I had to scan into their online system 3 years of accounts, tax returns - business and personal, information from the HMRC, 3 months of bank statements and much more.   This probably took 2 to 3 hours to obtain all the information and to upload it all. We were told the call may take 2 hours!!  The advisor then proceeded to ask us very detailed questions about income, profits...
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What Is The Mortgage Credit Directive?

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