This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.
There are a variety of business loans to suit a company that needs an extra cash injection. There are two types of asset finance, one where lenders secure finance against the existing company assets, whereas equipment finance is used to acquire additional assets for the business, such as more machinery or vehicles. Working capital loans are there for businesses who wish to keep trading but do not require money for company expansion or growth.
As each business requires money for different reasons, there is a varied market for assets and capital finance. Mortgage brokers are specialists with relationships with whole of market lenders and can help and start applications within matter of hours.
Working capital business loans are a simple and flexible way to secure finance for company owners to ensure that operations continue to run smoothly. It could be that the company has a bad credit history, but is currently trading well. Lenders will take your company's individual situation into consideration - there is help for businesses to continue trading.
These loans are traditionally used so that companies can continue to run everyday operations, rather than capital to purchase additional equipment or assets to grow a business. Companies may not have to offer assets as security for a working capital loan, although lenders may require higher rates of interest or a personal guarantee for limited companies.
Depending on your business needs, there are various kinds of asset finance available. These loans are generally used for business expansion, such as the acquisition of more equipment, tools, vehicles or machinery. Lenders will take into account a number of variables before agreeing to an application. The asset may be secured against existing assets, such as property or machinery.
There are various types of equipment finance, including:
The company spreads the cost over a period of instalments and receives full ownership when the term ends.
The lender rents the asset to the company on a lease. There are options to continue leasing the asset, buy it outright, upgrade or return it.
A tax-efficient way to rent an asset. As you don't own the asset, it doesn't appear on your balance sheet so it's possible to offset costs against profit and claim VAT.
The amount of finance options may seem overwhelming. Revolution Brokers is a whole of market brokers and will help you to secure the loan that fits your needs best. Get in touch to find out more.
Remortgaging your home is a great way to release equity and raise finance for those home improvement jobs you've always wanted to do. Before applying, it's vital to work out how much equity you have in your property and ensure sufficient capacity to borrow the funds required for the renovation you have in mind. In today's article, t..
Do I Qualify for First-Time Buyer Status? Working out whether or not you are a first time buyer may seem obvious - but there are plenty of scenarios where your position isn't clear! Examples might include: New buyers who have inherited a property they rent out. Buy-to-let investors that have never purchased a residential hom..
Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..
Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..
Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..
Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..
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The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.
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