The property finance solutions company has partnered with award-winning lenders Albatross Capital to create a loan that gives foreign investors more opportunity to access better rates.
Foreign nationals without a credit history in the UK now have access to a new financing solution that not only provides money for a property purchase but also creates potential access to significantly better future lending rates.
Property finance solutions firm Finanze® has announced the launch of an exclusive serviced bridging loan: A form of short-term cash lending designed specifically for those without a track record of buying and selling in Britain. Finanze®’s new product is structured so that investors can acquire the money needed to buy property and also build a valuable credit history in
Providing a fixed amount up front, with the interest being paid off monthly and the capital balance at term, the investor can create a UK paper trail - potentially attracting significantly cheaper rates from a wider pool of lenders when it’s time to refinance.
After building credit, foreign investors may no longer have to pay high interest rates on Buy To Let mortgages, and in some circumstances may enjoy as much as 50% off the previous term rate.
The Finanze® bridging loan is supplied via an exclusive partnership with Albatross Capital - a London-based lender with almost 200 years of combined experience in the finance industry and winner of the Best Bridging Lender Newcomer of the Year at the 2021 Bridging & Commercial Awards.
Alastair Hoyne, Principal of Finanze®, stated: “Many foreign nationals either have to buy in cash, or take out Buy To Let mortgages at really high interest rates over 5.5% if they have no UK credit history. We have created a product to help them and fill a gap in the market.
“This loan allows people to create a healthy credit history that opens up access to a much larger pool of lenders in future, improving their financing options long-term.
“Finanze® is proud to partner with Albatross to provide the bridging loan - another exciting new company that’s injecting some youth and vibrancy into the marketplace.
“The partnership isn’t just mutually beneficial but also caters for a sizeable audience - providing a better solution for people who wouldn’t ordinarily have access to great rates.” Hoyne’s background in investment banking, hedge fund management and strategic consulting has seen Finanze® favour a different approach to a traditional mortgage broker - with the company placing focus on customised financial options that bring an element of sophistication to the market.
- ENDS -
Finanze® specialises in bespoke solutions for bridging, Buy To Let, development finance and commercial mortgages. Alastair Hoyne launched the company in 2021 - drawing on his background in investment banking, hedge fund management and strategic consultancy directorship to provide an institutional grade service to sophisticated private property investors and corporations.
Since receiving FCA approval at the end of September 2021, Hoyne has issued terms on £50m worth of property, representing £32.8m in gross loan value and of which 50% proceeded to valuation.
Notes to editors
Alastair Hoyne T/A Finanze® is an Appointed Representative of Connect IFA Limited 441505, which is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 958726.
Finanze®’s bridging loan additional lender fees are only 0.83% per month or 4.98% over the six months. An arrangement fee is charged at 2%, with administration fee of £695 and a survey fee from £500 + VAT. Solicitor’s fees start from £1,950 + VAT and a security release fee is charged at £450.
Your property may be at risk if you do not keep up with repayments on a loan secured on it.
To the fullest extent permitted by law, Finanze Ltd are not responsible for any errors or omissions in any statements, views, opinions, facts, figures, commentary or any other material in the articles contained herein, or for loss arising from its use or performance, or for the results of any actions or lack of action taken on the basis of information provided in articles.
The topics covered in articles are complex and do not substitute the need for financial, legal, accounting, tax and other advice before making any decisions or taking any action based on information in articles.