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A bridging loan serves as a temporary financial solution commonly utilized for property purchases to ensure timely completion of sales. However, it's important to note that bridging loans typically carry higher interest rates compared to other loans, such as mortgages, and are usually presented in terms of monthly rates instead of the usual annual percentage rate (APR). As such, they should only be considered as a short-term option due to the higher costs associated with them.

Bridging loans should be taken out with a clear plan to repay them as soon as funds become available, and the loan amount should factor in fees and service charges. It is crucial to carefully consider the financial implications and seek professional advice before proceeding with a bridging loan. 

What are bridging loans? 
Bridging loans, also known as bridge loans or bridging finance, are secured, short-term loans to provide temporary funding for various purposes.
Bridging loans are typically used when there is a temporary shortfall in funds. The borrower needs quick access to capital to "bridge" the gap between two financial events, such as buying a new property before selling an existing one. It is most suitable for landlords and developers. 

What can I use a bridging loan for?
Bridging loans are mainly used for property-related purchases to help get your foot on the ladder, such as:
a. Mortgage payment
You can use a bridging loan to redeem an existing mortgage, allowing you to purchase property even if you are still going through the process of selling your current home.
b. Property development
A bridging loan ensures developers have the finances to begin renovations and get the property back on the market quickly.
c. Self-build
A bridging loan can be used to fund the development of a self-build project.
d. Paying a deposit
If you buy a house at an auction, you must provide the deposit upfront - this is where a bridging loan can help.

Key features of bridging loans in the UK
1. Short-term loan
Bridging loans are usually offered for short durations, ranging from a few weeks to several months, with a typical term of 12-18 months. They are designed to provide temporary financing until a more permanent funding source, such as selling a property or securing a traditional mortgage, can be arranged.
2. Quick approval and funding
Bridging loans are known for their fast approval and funding process. They are often used in time-sensitive situations where speed is crucial, such as property auctions or when a buyer needs to move quickly to secure a property.
3. Higher interest rates
Bridging loans generally have higher interest rates than traditional mortgages or loans due to their short-term nature and higher risk profile. Interest rates can vary depending on the lender, the borrower's creditworthiness, and the loan-to-value (LTV) ratio, the percentage of the property's value that the loan covers.
4. Secured loans
Bridging loans are typically secured loans, meaning they require collateral, such as property or land, as security for the loan. The property used as collateral is often called the "bridge" that provides security to the lender.
5. Flexible use of funds
Bridging loans can be used for various purposes, including property purchases, property renovations or refurbishments, property development, and business purposes. They are versatile and can be customised to suit the borrower's specific needs.
6. Exit strategy
Bridging loans require a clear exit strategy, the plan to repay the loan. This could be through the sale of a property, refinancing with a traditional mortgage, or other means of repayment. Lenders typically require evidence of a viable exit strategy before approving a bridging loan.
7. Fees and costs
In addition to interest rates, bridging loans may also include other fees and costs, such as arrangement fees, valuation fees, legal fees, and exit fees. Borrowers should carefully review and understand all bridging loan costs before proceeding.

Is a bridging loan a good idea?
A bridging loan can help move a house sale along, so you do not need to delay renovation plans or move in. However, it’s important to note that a short-term loan is offered at a higher interest rate. You will need to account for arrangement fees, legal fees and exit fees in some cases, so it’s a good idea to be sure you can confirm the sale beforehand.
It is important to note that bridging loans are considered higher risk and should be used cautiously. Borrowers should carefully assess their financial situation, including their ability to repay the loan and seek professional advice before entering into a bridging loan agreement. It is also essential to work with reputable and authorised lenders regulated by the UK's Financial Conduct Authority (FCA).

Bridging loan vs mortgage
Although both are different types of loans, there is one big difference between mortgages and bridging loans. A bridging loan is often used when you are waiting on the sale of a property to go through to cover costs and ensure no delays. It can help you break the moving house chain, ensure the sale doesn’t fall through, and give you the funds needed to move things along. A bridging loan is a short-term solution, and the debt is paid through the eventual proceeds of your sale. Meanwhile, a mortgage is a longer-term debt, usually repayable over 20 to 30 years.

Am I eligible for a bridging loan?
Some types of bridging loans are offered only when you have a firm idea of when you can repay the money; for example, if you are expecting a property sale within the next month, you can apply with the lender’s understanding that the debt will be repaid within 30 days.
You should think carefully before applying for this kind of loan if you do not have an ‘exit plan’ – as the interest tends to be much higher on a bridging loan and is calculated differently than a typical APR.

What do I need to apply for a bridging loan?
You can get started with your application online. We will ask for a few details to begin your application, including the loan amount you require, personal details and address.

Once these have been received, we will contact you to find out more about your situation. Have the details below to ensure we can proceed with your application.
a. Your name and address
b. Details of the property
c. Details on your income

Applying for a bridging loan
The decision to apply for a loan should not be taken lightly, and we are here to support you throughout the process. When you submit an application, we will diligently search through hundreds of plans to find a loan that aligns with your unique situation. We work with a wide network of responsible lenders to provide the funds you need to secure your new property.

Disclaimer
We do not offer advice on Bridging Loans. If you show an interest in this area, we can refer you to an FCA-regulated broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Alternative business funding options could be the ideal choice for your expanding business

As each business has its unique niche, we at CHFinance understand the need for diverse funding options to meet your specific requirements. Whether you need funding to fuel your start-up, expand your ongoing business, or increase your warehouse space, we are here to assist you. As trusted finance brokers in the UK, we are committed to providing secure and cost-effective funding solutions for your business.

What is commercial business funding? 
Commercial business funding in the UK refers to how businesses can secure financing to support their operations and growth. There are several sources of commercial business funding in the UK, including traditional banks, alternative lenders, venture capitalists, angel investors, government-backed schemes, and crowdfunding platforms.
It is important to note that commercial business funding options and requirements may vary depending on the size, stage, and industry of the business and the risk appetite of the lender or investor. It is essential for companies to thoroughly research and evaluate their funding options and seek professional advice when needed to make informed decisions that align with their financial goals and requirements.

How does it work? 
We eliminate funding barriers with a simple application process that is designed to assist you. Our advanced technology validates your business profile and connects you with our extensive network of lenders. Our results are tailored to different business niches, ensuring a customized approach. Our process is straightforward, supported by our strong relationships and expert knowledge. While the finance industry can be complex, we streamline it with our customer-focused approach.

Our business loans are designed to be cost-effective and can be used for a wide range of business purposes.
a. Term Loans
b. Overdrafts
c. Import Loans
d. Export Loans
e. Standby Loans
f. Standby letter of credit (SBLC)
g. Refinance and Consolidation Loans

Our Simple Process
a. Provide us with your loan requirements and basic information for assistance.
b. Our tracker will compare lenders' criteria and connect you with the finance company that best fits your needs.
c. We provide support throughout the entire process, from submitting your application to disbursing the funds.

Do You Need Finance? 
Please contact our financial expert for prompt arrangement.  

Disclaimer
We do not offer advice on Commercial Business Funding. If you show an interest in this area, we can refer you to an FCA-regulated broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Debt restructuring in the UK typically involves a debtor (an individual or a business) engaging in negotiations with creditors (lenders or other parties owed money) to modify the terms of an existing debt agreement, with the aim of making it more manageable. This could entail actions such as reducing interest rates, extending the repayment period, lowering monthly payments, or settling for a lump sum payment. The ultimate objective is to establish a new repayment plan that the debtor can realistically afford. Once an agreement is reached, it must be documented in writing, and the debtor is responsible for adhering to the new terms by making payments accordingly. Debt restructuring can be complex and may necessitate professional assistance.

What is commercial debt restructuring? 
Commercial debt restructuring is a process that helps businesses manage their debt obligations when they are facing financial difficulties. This process is typically undertaken to help businesses avoid bankruptcy or insolvency and to improve financial position by renegotiating the terms of their existing debt.

The Benefits of Commercial Debt Restructuring in the UK
The benefits of commercial debt restructuring in the UK are numerous. The primary benefit of commercial debt restructuring is that it allows businesses to renegotiate their debt obligations to better match their current financial situation. This can involve extending payment terms, reducing interest rates or principal, or otherwise modifying the terms of the debt to make it more manageable for the business. By restructuring their debt obligations, businesses can improve their cash flow, reduce their overall debt burden, and regain financial stability. This can help them avoid bankruptcy or insolvency and continue operating, preserving jobs and economic activity. 
Debt restructuring can also be a less expensive and less time-consuming process than going through bankruptcy or insolvency proceedings. This is because debt restructuring can often be negotiated directly with creditors, whereas bankruptcy or insolvency may require court proceedings and the involvement of other professionals, such as insolvency practitioners or liquidators.

The Legal Framework for Debt Restructuring in the UK
Debt restructuring in the UK is governed by a variety of legal frameworks, and depending on the type of debt and the nature of the restructuring. Some of the key legal frameworks include:
a. Company law
Companies that are facing financial difficulties may be subject to certain legal obligations, such as the duty to act in the best interests of the company's creditors if the company is insolvent or at risk of insolvency.
b. Contract law
The terms of the existing debt agreements between the business and its creditors will typically be governed by contract law. Any modifications to these agreements will need to be negotiated and agreed upon by all parties.
c. Insolvency law
If a business is unable to meet its debt obligations and is at risk of insolvency, it may be subject to insolvency law. This includes the Companies Act 2006, which sets out the legal framework for insolvency proceedings, as well as various other statutes and regulations.
The specific legal framework that applies to a debt restructuring will depend on the nature of the debt and the circumstances of the business.

Examples of Commercial Debt Restructuring in the UK
There are many examples of commercial debt restructuring in the UK. Some of the most common types of debt restructuring include:
a. Loan modifications
Businesses can negotiate with their lenders to modify the terms of their loans, such as extending the repayment period or reducing the interest rate.
b. Debt-for-equity swaps
In some cases, businesses may be able to exchange their debt obligations for equity in the company. This can help reduce the overall debt burden and improve the company's financial position.
c. Debt rescheduling
Businesses can negotiate with their creditors to reschedule their debt payments, such as by delaying payment or spreading out payments over a longer period of time.
d. Asset sales
Businesses can sell assets to raise funds to pay down their debt obligations. This can help reduce the overall debt burden and improve the company's financial position.

Overall, commercial debt restructuring in the UK is a complex and highly regulated process that can provide significant benefits to businesses facing financial difficulties. However, it is important for companies to approach debt restructuring carefully and with the assistance of experienced professionals to ensure that they are complying with all relevant legal frameworks and protecting the interests of all parties involved.

Disclaimer
We do not offer advice on Commercial Debt Restructuring. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Semi Residential 
Our process for obtaining finance against the property is simple and quick, which is often impossible with banks and financial institutions. 

Commercial 
We are a team of experienced financial experts who provide bespoke finance solutions to owners, investors, and developers.

Working with a commercial mortgage broker or seeking professional advice is recommended to determine the most suitable financing option for your specific needs.

Bespoke financial advice to suit your business needs
In the UK, commercial mortgages are loans to finance commercial property acquisition, development, or improvement for business or investment purposes. Commercial properties include office buildings, retail spaces, industrial properties, hotels, and other income-generating real estate assets.
Banks, building societies, specialized commercial mortgage lenders, and other financial institutions typically provide commercial mortgages in the UK. The eligibility criteria for obtaining a commercial mortgage in the UK may vary depending on the lender but usually involve factors such as the borrower's creditworthiness, business financials, property appraisal, and the purpose of the loan.
Commercial mortgages in the UK often have different terms and conditions than residential ones.

Key features of commercial mortgages
Here are some key features of commercial mortgages in the UK:
a. Loan Amounts
UK commercial mortgages can range from tens of thousands to millions of pounds, depending on the property value and the borrower's financials.
b. Loan-to-Value (LTV) Ratio
Lenders typically offer a lower LTV ratio for commercial mortgages than residential ones. LTV ratio is the ratio of the loan amount to the appraised value of the property, and it can typically range from 50% to 75% for commercial mortgages.
c. Interest Rates
Interest rates for commercial mortgages in the UK are typically higher than residential mortgages, reflecting the increased risk associated with commercial properties. Interest rates can be fixed or variable and may be based on factors such as the lender's base rate, LIBOR, or other benchmark rates, plus a margin.
d. Repayment Terms
Repayment terms for commercial mortgages in the UK are usually shorter than residential mortgages, typically ranging from 5 to 25 years. Some commercial mortgages may also require balloon payments, where a lump sum payment is due at the end of the term.
e. Fees and Costs
Commercial mortgages in the UK may have various fees and costs associated with them, including arrangement fees, valuation fees, legal fees, and other charges.
f. Eligible Borrowers
Commercial mortgages in the UK are typically available to businesses, corporations, partnerships, and individuals with a business purpose for the property. The borrower's creditworthiness, business financials, and experience in commercial real estate may be considered by the lender.
g. Property Types
Commercial mortgages in the UK can be used for various types of commercial properties, including office buildings, retail spaces, industrial properties, hotels, and others, depending on the lender's policies and criteria. Commercial mortgages in the UK are commonly used for purchasing commercial properties, refinancing existing commercial loans, renovating or expanding commercial properties, and developing new commercial properties for investment or business purposes.

It is important to note that commercial mortgages can be complex, and borrowers are advised to seek professional advice from qualified financial or legal experts before entering into any commercial mortgage transaction.

Types of finances for commercial mortgage 
Several financing options are available for commercial mortgages in the UK. Here are some common types:
a. Fixed-Rate Commercial Mortgage
In a fixed-rate commercial mortgage, the interest rate remains constant throughout the loan term. This provides predictable monthly payments and allows borrowers to budget with certainty. Fixed-rate commercial mortgages are suitable for borrowers who prefer stability and want to lock in a specific interest rate for the duration of the loan.
b. Variable-Rate Commercial Mortgage
In a variable-rate commercial mortgage, the interest rate is subject to change during the loan term based on market conditions. This means that the monthly payments may fluctuate over time, depending on changes in the interest rate. Variable-rate commercial mortgages are suitable for borrowers comfortable with potential interest rate fluctuations and may benefit from lower rates during periods of low-interest rates.
c. Interest-Only Commercial Mortgage
In an interest-only commercial mortgage, borrowers only pay the interest portion of the loan during a specified period, typically for a few years, after which the loan converts to a principal and interest repayment structure. This type of mortgage may offer lower monthly payments during the interest-only period, but borrowers will need to repay the principal amount later, which can result in higher payments in the future.
d. Bridging Finance
Bridging finance is a short-term financing option that is commonly used in commercial real estate transactions. It provides temporary financing to bridge the gap between purchasing a property and eventual permanent financing, such as a commercial mortgage. Bridging finance may be used for property acquisition, development, or renovation and typically has higher interest rates and shorter terms than traditional commercial mortgages.
e. Development Finance
Development finance is specifically designed to finance commercial property development projects, such as construction or redevelopment. It provides funding for the costs associated with land acquisition, construction or renovation, and other development-related expenses. Depending on the project's timeline and requirements, development finance may be structured as a short-term loan or a longer-term commercial mortgage.
f. Commercial Remortgage
A commercial remortgage involves refinancing an existing commercial mortgage with a new mortgage, usually with different terms or a different lender. This can be done to take advantage of better interest rates, extend or shorten the loan term, release equity from the property, or for other financial reasons.

General steps to obtain a commercial mortgage in the UK
Here is an overview of the general steps involved in obtaining a commercial mortgage in the UK:
a. Assess Your Financing Needs
The first step is determining your financing needs. This includes identifying the type of commercial property you want to finance, determining the loan amount you need, and evaluating your financial capabilities and creditworthiness.
b. Research Lenders and Loan Options
Once you have assessed your financing needs, research different commercial mortgage lenders and loan options available in the UK. This may include banks, building societies, specialized commercial mortgage lenders, and other financial institutions. Compare their loan terms, interest rates, fees, and eligibility criteria to find the best match for your requirements.
c. Prepare Financial Documents
Commercial mortgage lenders typically require extensive financial documentation during the application process. This may include financial statements, business plans, tax returns, bank statements, and other relevant financial documents. Gather and organize all the necessary documentation to submit with your loan application.
d. Submit Loan Application
Complete the loan application provided by your chosen lender and submit it along with the required financial documents. The lender will review your application and may request additional information or clarification during the process.
e. Property Valuation
The lender may conduct a commercial property valuation to assess its current market value and determine the loan amount they are willing to lend. This may involve hiring a professional appraiser to evaluate the property's value.
f. Loan Approval and Offer
If your loan application is approved, the lender will issue a formal loan offer outlining the terms and conditions of the commercial mortgage. Review the offer carefully, including the interest rate, loan term, repayment schedule, fees, and other terms.
g. Legal and Due Diligence
Once you accept the loan offer, the lender may require legal and due diligence processes, such as property surveys, title searches, and other legal checks to ensure the property is free of liens or legal issues.
h. Loan Completion
After completing the legal and due diligence processes, the commercial mortgage will be finalized, and the loan funds will be disbursed to you or directly to the seller or development project, as applicable.
i. Repayment
You will be required to make regular repayments on the commercial mortgage as per the agreed-upon terms, including principal and interest payments, over the loan term.

It is important to note that the commercial mortgage process in the UK may vary depending on the lender, the specific property, and your financial circumstances. Working with a commercial mortgage broker or seeking professional advice can help you navigate the process more effectively.

Disclaimer
We do not offer advice on Commercial Mortgages. If you show an interest in one of this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Assisting expats to help manage financial aspects and source mortgage finance on investment transactions

Are you living overseas?
Are you looking for help managing various financial aspects?
Are you looking for an expat mortgage on a UK property?

Being an expatriate can pose challenges with lenders, especially if you earn income in a foreign currency. Verifying overseas sources of income can be difficult and raises concerns about money laundering risks. As a result, financial repayments for expats can be more expensive and qualifying for loans can be more complex. Many expats turn to mortgage brokers for assistance, as the process can be complicated and only a limited number of lenders may accept their applications.

What is Expat Finance? 
Expat finance in the UK refers to the financial considerations and arrangements that expatriates, or expats, need to be aware of and manage while living and working in the United Kingdom. As an expat, you may face unique financial challenges and opportunities, including tax obligations, investment options, banking, insurance, and retirement planning. 

Key aspects of expat finance in the UK
a. Taxation
As an expat in the UK, you may be subject to UK tax laws, including income tax, capital gains tax, and inheritance tax, depending on your residency status and the duration of your stay. It is essential to understand the UK tax system, your obligations as an expat, and any tax treaties between the UK and your home country to avoid double taxation.
b. Banking
As an expat, you may need to open a UK bank account to manage your day-to-day finances, receive your salary, and pay bills. Many UK banks offer specialized services for expats, such as multi-currency accounts and international money transfers. It is important to compare different banks, understand their fees, and choose a bank that suits your needs.
c. Investment and Retirement Planning
Expat finance in the UK may also involve investment and retirement planning. You may have options to invest in UK-based assets such as stocks, bonds, and real estate, as well as retirement savings accounts such as Individual Savings Accounts (ISAs) and pensions. It's essential to consider your long-term financial goals, risk tolerance, and seek professional advice to make informed investment and retirement planning decisions.
d. Insurance
Insurance is an important aspect of expat finance in the UK. You may need health insurance, property insurance, and other types of coverage to protect yourself and your assets while living in the UK. You need to understand the UK insurance market, compare different insurance providers, and choose appropriate coverage based on your needs and circumstances.
e. Currency Exchange
You may need to exchange currencies frequently for various financial transactions as an expat. Understanding the foreign exchange market and managing currency exchange risks can be crucial to expat finance. You may use banks or specialized currency exchange providers to exchange currencies, but comparing exchange rates and fees is vital to get the best deal.
f. Estate Planning
Estate planning is another consideration for expats in the UK. It involves organizing and managing your assets, including property, investments, and other belongings, and planning for distribution after your death. Estate planning can be complex, and it's advisable to seek professional advice to ensure that your assets are managed according to your wishes and in compliance with UK laws.

The importance of professional advice for expat finance
Expat finance involves managing various financial aspects, including taxation, banking, investment and retirement planning, insurance, currency exchange, and estate planning. It is crucial to understand the UK financial system. Further, seek professional advice when needed, and make informed decisions based on your circumstances and financial goals.

A brief discussion over the call with our advisors will help in
Inform you about the acceptance status of your application by your lender
Conversations regarding the interest rate
Discussions regarding fees and charges
Timeframe for application closure
Identification of protection solutions

Call us to discuss more about expat finance on
All the above points differ for each application due to circumstances and requirements. But a quick conversation with our advisors will help you align your finances better.

Disclaimer
We do not offer advice on Expat Finance. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Find solution of  your non-paid invoices and avoid debts

Our customised invoice factoring plan will ease the financial pressure on your business by releasing the funds from unpaid invoices.

The time spent chasing the customer to make payments could be beneficial if spent on the business itself.

Whatever situation your business is facing, whatever business you own, whether it is big or small, invoice factoring can help reduce the gap between raising an invoice and getting paid.

Flexible funding against your invoices so that you don’t have to worry about how long your customers will take to pay you. We can arrange interim funding to prevent cash flow issues.

What is invoice/finance factoring? 
Invoice/finance factoring, also known as invoice financing or receivables financing, is a type of financial arrangement in the UK where a business sells its unpaid invoices to a third-party company, known as a factor, at a discount in exchange for immediate cash flow.

Here is how invoice/finance factoring generally works in the UK:
a. Business generates invoices
A business provides goods or services to its customers and generates invoices with payment terms, typically ranging from 30 to 90 days.
b. Business sells invoices
Instead of waiting for the invoices to be paid by the customers, the business can sell the invoices to a factor. The factor typically pays the business a percentage of the total invoice value upfront, known as the "advance rate," which can be typically up to 90% of the invoice value.
c. Factor collects payments
The factor takes over the responsibility of collecting  customers payments. The customers then pay the invoices directly to the factor, according to the original payment terms.
d. Factor provides remaining funds
Once the customers have paid the invoices in full, the factor deducts its fees and charges, which may include a discount fee or service fee, and pays the remaining funds, known as the "rebate," to the business.

Do you need assistance with credit control and reducing the chances of bad debt?
Factoring helps thousands of businesses in the UK turn unpaid invoices into cash through the bank. It is the well-established method of providing finances that directly adds up to the positive turnover.

Key benefits of invoice/finance factoring
Invoice/finance factoring can provide several benefits to businesses in the UK, including instant funds, improved cash flow, assistance with credit control, faster access to working capital, reduced administrative burdens of managing accounts receivable, death penalty appeal, protection against bad debts, and all proceedings are confidential. It is commonly used by small and medium-sized enterprises (SMEs) to bridge the gap between invoice issuance and payment receipt, which can help them manage their cash flow more effectively.

Invoice factoring may offer a cost-effective solution for your business
It is crucial to understand that invoice/finance factoring is distinct from a loan, as it entails selling invoices rather than borrowing against them. Factors evaluate the creditworthiness of the business's customers rather than the business itself, making it a viable option for businesses with imperfect credit or limited operational history. However, as with any financial arrangement, businesses should thoroughly evaluate the costs, terms, and conditions of invoice/finance factoring, and seek professional advice to determine if it aligns with their unique needs and financial situation.
Is invoice factoring the most suitable option for you?  CHFinance is just a phone call away! 

Disclaimer
We do not offer advice on Invoice/Finance Factoring. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

When money realizes that it is in good hands, it wants to stay and multiply in those hands.

Financial freedom is about taking ownership of your finances. Look at the big picture of your finances and manage them wisely with CHFinance. 

Taking a holistic approach towards money management, our financial expert will help you work out your goals and what you want to achieve.

We are not just focusing on your money and investments; our focus is on you and your financial goals. Our financial experts work on taxes, budgeting, saving, investing, managing debts, and preparing emergency funds and pensions to create a customised plan for your finances.

Working with CHFinance will help you to keep control of your finances. We ensure every step taken is straightforward and confidential for your financial future.

We not only deal with money management, but we also provide a road map for your financial future. The plan will show you where you are today and where you want to reach, and then accordingly, a plan will be created and executed.

What is money management? 
Money management refers to effectively managing your financial resources, such as income, expenses, savings, investments, and debt, to achieve your financial goals and lead a financially healthy life. It involves making informed decisions about how you earn, spend, save, invest, and borrow money to ensure that your financial resources are utilized wisely and aligned with your financial objectives.

Key principles of money management 
Here are some fundamental principles of money management explained in simple terms:
a. Budgeting
Creating a budget is the foundation of money management. It involves tracking your income and expenses and planning how to allocate your money to cover your essential needs, savings, investments, and discretionary spending. Budgeting helps you understand where your money is going and enables you to make intentional choices about how you use it.
b. Saving and investing
Saving is setting aside a portion of your income for future needs or emergencies, while investing involves putting your money into various types of assets, such as stocks, bonds, or real estate, with the expectation of earning a return. Saving and investing are critical for building wealth over time and achieving long-term financial goals, such as retirement or buying a home.
c. Managing debt
Debt management involves effectively managing any debts you may have, such as credit card debt, student loans, or mortgages. This includes making timely payments, understanding the terms and interest rates associated with your debts, and prioritizing paying off high-interest debts to avoid accumulating unnecessary interest payments.
d. Spending wisely
Spending wisely means making informed decisions about spending your money. It involves differentiating needs and wants, prioritizing essential expenses, avoiding impulse purchases, and comparing prices and options before purchasing. Spending wisely helps you stretch your money further and avoid unnecessary expenses.
e. Emergency fund
An emergency fund is essential to money management. It is a savings account to cover unexpected expenses, such as medical bills, car repairs, or job loss. Having an emergency fund helps you avoid debt when unexpected financial challenges arise.
f. Continuously learning and improving
Money management is a continuous process that requires ongoing learning and improvement. Staying informed about personal finance topics, seeking advice from financial experts, and regularly reviewing and adjusting your budget and financial goals are important aspects of effective money management.

By following these basic principles, you can develop good money management habits to help you achieve your financial goals, build wealth, and lead a financially healthy life. Remember that everyone's financial situation is unique, and it is important to tailor your money management approach to your circumstances and goals.

Our Services 
Assist you with various money management aspects, including budgeting, saving, wise spending, and creating an emergency fund.
Gain an understanding of your future personal financial goals through cash flow modelling.
Develop a plan to help you safeguard your financial well-being.
Create a pension planning strategy for your future.
Provide friendly advice on your financial plans.
Identify potential protection solutions.

Is money management a suitable choice for my financial needs?
Money management may not be suitable for those seeking minimal protection and who do not wish to consider the broader perspective. However, if you have ambitious goals and desire to take charge of your finances for a brighter future, money management is the right path to pursue.

CHFinance offers money management services and expert financial advice.
If you wish to gain a deeper understanding, you are welcome to book a complimentary consultation with our team of financial experts.

Disclaimer
We do not offer advice on Property Finance. If you show an interest in this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Creative business funding solutions to help gain financial flexibility 

Private equity finance is tailored for established business owners and management teams who are seeking to undertake a management buyout or implement a buy-and-earn strategy. Our specialized process is designed to support ambitious management teams in various sectors, helping them achieve growth through acquisitions.

At CHFinance, we not only provide investment in businesses, but we also create meaningful partnerships. Whether it is identifying untapped value in your business or assisting you in acquiring an equity stake in your current business, we aim to facilitate positive change. With our experienced and established team, we offer comprehensive support across a wide range of commercial and professional portfolios, enabling us to build close partnerships with each of our investee businesses.

What is private/venture equity finance? 
Private/venture equity finance, also known as private equity or venture capital, refers to a type of investment where capital is provided to privately held companies in exchange for ownership stakes or equity. In the UK, private equity and venture capital are similar in nature but can differ in terms of the stage of the company they invest in and the amount of capital provided.
Private equity typically focuses on mature companies with a proven track record and established operations. Private equity firms invest in these companies to improve their performance and generate returns for their investors. Private equity investments in the UK are usually made by professional investment firms that raise funds from institutional investors such as pension funds, endowments, and wealthy individuals. These funds are then used to acquire significant ownership stakes in companies, often resulting in the private equity firm gaining control or significantly influencing the company's operations and strategic decisions. Private equity firms typically have a longer investment horizon, often ranging from 3-7 years or more, and they seek to generate returns through a combination of operational improvements, cost reductions, and strategic initiatives such as mergers and acquisitions.
On the other hand, venture capital (VC) typically focuses on early-stage companies that are in the process of developing and commercializing innovative technologies or business models. Venture capital firms invest in these companies with the aim of helping them grow rapidly and become successful. Venture capital investments in the UK are usually made by specialized investment firms that focus on specific industries or sectors, such as technology, healthcare, or renewable energy. Venture capital firms provide both capital and strategic guidance, mentorship, and access to networks and resources to help these early-stage companies scale their operations and achieve market leadership. Venture capital investments are considered high-risk as early-stage companies often face significant uncertainties and risks, but they also have the potential for high returns if successful. The investment horizon for venture capital is typically shorter than private equity, usually ranging from 3-7 years.

How will we help you business? 
a. Long term partner
We encourage partners who support the business management team to achieve profitable results. Whilst a private equity fund is a consort journey. We do not disturb your business and allow you to operate as you were doing it or as you want to do it, after all it's your business and you know the workflow better than any one.
b. Comprehensive network
By opting for our services, you can access a huge database of inventors with the help of our experienced and marketing expert advisors who have complete knowledge of relevant sectors.
c. Best practices
We are aligned with the management and add value to the business with the knowledge and experience we have gained over several years of investment in many businesses.
d. Strategic input
Our experienced team can support your strategic management issues in expanding the business or identifying profitable acquiring.

How does the investor gain profit from private equity and venture capital? 
In both private equity and venture capital, the returns to the investors come from the appreciation of the equity stake in the invested companies. This can be realized through various means, such as a public offering of the company's shares, a sale of the company to another buyer, or a recapitalization of the company.

Are you in need of financing for your business?
It is important to note that private equity and venture capital investments are subject to regulatory frameworks and disclosure requirements in the UK. Investors must carefully assess these types of investments' risks and potential rewards before committing capital. It is also advisable to seek professional advice from experienced financial and legal advisors when considering private equity or venture capital investments in the UK.
With our disciplined approach, extensive network, and skilled team, we are dedicated to serving our customers wholeheartedly.

Disclaimer
We do not offer advice on Private/Venture Equity Finance. If you show an interest in this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Property finance in the UK refers to how individuals and businesses obtain funding to purchase or invest in real estate.

It encompasses a wide range of financial products and strategies used to acquire, develop, and manage properties in the UK.

Semi Residential 
Our process for obtaining finance against the property is simple and quick, which is often impossible with banks and financial institutions. 

Commercial 
We are a team of experienced financial experts who provide bespoke finance solutions to owners, investors, and developers.

Land 
We aim to provide quick and customised solutions to your loan needs. 

Common types of property finance in the UK
a. Mortgages
A mortgage is a loan used to purchase a property. Banks, building societies, and other financial institutions typically offer mortgages in the UK. Borrowers make regular monthly repayments over a set term (e.g., 25 years) to repay the loan amount plus interest. Mortgages are secured against the property, which means that the property serves as collateral for the loan. If the borrower fails to repay the mortgage, the lender may have the right to repossess and sell the property to recover the money.
b. Buy-to-let mortgages
Buy-to-let mortgages are specifically designed for investors who purchase properties intending to rent them out. These mortgages typically require a larger deposit and may have higher interest rates than residential mortgages. The rental income generated from the property is used to repay the mortgage, and the investor may also benefit from any appreciation in the property's value over time.
c. Bridging loans
Bridging loans are short-term loans used to bridge the gap between the purchase of a property and the sale of an existing property or to fund property renovations or development projects. Bridging loans are usually repaid within a few months to a few years and are often used by property investors and developers to fund purchases quickly or take advantage of time-sensitive opportunities.
d. Development finance
Development finance is used to finance property development projects, such as building new homes, renovating existing properties, or converting commercial properties into residential properties. Development finance typically involves more complex financing structures and may require additional documentation, such as a detailed business plan and cost projections. Interest rates for development finance are usually higher than traditional mortgages due to the higher risks associated with property development.
e. Commercial mortgages
Commercial mortgages are used to finance the purchase or refinance of commercial properties, such as office buildings, retail spaces, and industrial properties. Commercial mortgages typically have different eligibility criteria, terms, and interest rates than residential mortgages, as they are based on the income-generating potential of the property rather than the borrower's personal income.
f. Equity release
Equity release is a way for older property owners to access the value tied up in their properties without selling them. It involves borrowing against the equity (the difference between the property's value and any outstanding mortgage) in the property, usually in the form of a lifetime mortgage or a home reversion plan. The loan is repaid when the property is sold, or the homeowner passed away.

Our tailored financial advice is designed to meet the unique needs of your business
Whether you are investing, developing, or dealing in property in the UK market, our team of financial experts can assist you in making the most appropriate finance choice for your requirements. Regardless of whether you are a new or existing customer, our dedicated finance managers are equipped to provide guidance across all sectors.

Our business model is simple and effective. We have established partnerships with various high street and private banks, lenders, wealth managers, and private investor funds. Each of these financial partners has their own standards and can offer customized solutions that align with your specific needs.

Types of finances we offer 
Commercial finance 
Bridging Loan  
Development Finance 
Refurb Finance 
HMO 
Buy to let 
Auction purchases 
Refinance 
Mezzanine finance 
Portfolio finance 

These are just a few examples of the various types of property finance options that are available in the UK. The availability and terms of property finance can differ based on factors such as the borrower's creditworthiness, the type of property, the loan amount, and the specific requirements of the lender. It is essential to thoroughly evaluate the available options, seek guidance from qualified professionals, and fully comprehend the risks and obligations associated with property finance before making any decisions.

Do you need finance? 
Speak to our financial expert to arrange it fast. 

Disclaimer
We do not offer advice on Property Finance. If you show an interest in this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Unsecured loans, also known as personal loans, are financial products in the UK that do not require collateral, primarily relying on a borrower's creditworthiness for approval. The absence of collateral enables faster processing and flexibility in fund utilisation. However, unsecured loans often come with higher interest rates, making borrowers subject to penalties for late payments. It is crucial to weigh the advantages and disadvantages carefully to make informed financial decisions.

Pros
1. No Collateral Required

Unsecured loans do not necessitate providing assets as security, broadening accessibility to individuals without valuable assets.
2. Quick Approval and Funding
The absence of collateral expedites the loan approval process, enabling borrowers to swiftly access funds, often within a few days.
3. Utilization Flexibility
Borrowers have the liberty to allocate the loan amount to diverse purposes, including debt consolidation, home improvements, education, or addressing emergencies.
4. Minimal Asset Risk
Given the lack of collateral, borrowers are insulated from the risk of losing valuable assets in the event of default.
5. Elimination of Property Evaluation Costs
Unsecured loans do not necessitate expenses related to property appraisals and valuations, distinguishing them from secured loans.

Cons
1. Higher Interest Rates
Unsecured loans typically incur elevated interest rates compared to secured loans due to the absence of collateral, resulting in higher overall costs.
2. Credit Score Predominance
Approval for unsecured loans is contingent on a robust credit history. Individuals with suboptimal credit scores may encounter challenges in securing these loans or face heightened interest rates.
3. Loan Amount Constraints
The lack of collateral limits the loan amount, often leading to borrowing caps that are lower compared to secured loans.
4. Potential Debt Cycle
The absence of asset-based security raises the risk of borrowers struggling with repayment, potentially culminating in a cycle of debt accumulation if not managed judiciously.
5. Legal Recourse Risk
In the event of loan default, lenders may resort to legal action to recover the outstanding debt, potentially impacting the borrower's credit profile and financial stability.

A comprehensive understanding of these pros and cons associated with unsecured loans in the UK empowers individuals to make informed financial decisions and select the most suitable borrowing option based on their unique circumstances and financial objectives. For in-depth guidance on financial management and loan selection, it is advisable to consult with a qualified financial advisor.

Disclaimer
We do not offer advice on Unsecured Loan. If you show an interest in this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

If you are looking to buy your first home, you will be categorised as a first-time buyer, provided that the property will serve as  your primary residence. Recent economic conditions  and the advent of the Covid-19 pandemic have introduced challenges for individuals aspiring to step onto the property ownership ladder. 

Fortunately, through diligent research and financial preparation, first-time buyers can still secure a competitive mortgage deal. If you are contemplating a property acquisition, it is advisable to enlist the services of a chartered surveyor to conduct a thorough property assessment before finalizing the transaction.

You fit the profile of a first-time buyer if:
* You have never previously owned a residence, either in the United Kingdom or abroad.
* You solely possess a commercial property, such as a shop, restaurant, or salon, devoid of any attached living quarters.
* You have no prior homeownership experience anywhere globally and are interested in acquiring a buy-to-let property.

You are likely not considered a first-time buyer if:
* You are seeking to purchase a property with an individual who currently owns or has previously owned a home. 
* The property is being purchased on your behalf by someone else who already possesses their own home, such as a parent or guardian, and it will be registered in their name.
* You have inherited a property previously, even if you never resided there and have subsequently sold the property.

Principal agreement
An Agreement in Principle is a conditional mortgage offer that you can obtain from a lender before submitting a complete mortgage application. This is not binding for yourself or the lender, and it is crucial to undertand that it does not constitute an actual mortgage offer. It can, however, be highly advantageous for first-time buyers, as it provides insight into your potential property budget and can also demonstrate your credibility to the seller when you locate your desired property. 

Improve credit scores
Your credit score plays a pivotal role in detemining the mortgage option available to you. It can be the determining factor in whether a lender approves your application and influences the loan amount and interest rates accessible to you. Enhancing your credit score priorr to applying for a mortgage can enhance your overall likelihood of approval and grant you access to competitive mortgage rates. 

Steps to boost your credit score:
* Ensure that your address information is accurate across all your accounts.
* Register your name and current address on the electoral roll if you have not already.
* Limit spending within existing credit agreements.
* Pay all bills in full and on time during the year before your application.
* If you lack a credit history, consider utilizing credit builder credit cards to demonstrate responsible borrowing.

Buying a house is a huge responsibility that can be a daunting endevour for anyone. The decision between a fixed-rate or variable-rate mortgage and home ownership schemes may not always be straightforward. At CHFinance, our team of mortgage advisors can elucidate the advantages of each option in plain language and offer continuous guidance throughout the entire application process. We have access to competitive mortgage offers from a diverse array of high street and independent mortgage lenders and possess an intimate understanding of which lenders are more accommodating to the specific needs of first-time buyers.

Disclaimer
We do not offer advice on First Time Buyer. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Your home represents one of the most significant investments you will make in your lifetime, and the process of acquiring your next property can be just as challenging as your initial purchase. It is prudent to pose the same set of inquiries when embarking on the search for a new property as you did during your first home purchase. Assess what makes this move the most appropriate choice for your circumstances.

When you embark on the purchase of your next home, it typically entails securing a new mortgage. This, in turn, involves the transfer (commonly referred to as 'porting') of your existing mortgage to the new property. It is important to note that this transition does not occur automatically; you will need to initiate a reapplication. In instances where the property you are acquiring surpasses the value of your current home, you may find it necessary to borrow additional funds.

On the other hand, your current home may have accrued some equity. Home equity represents the portion of your property that you genuinely "own." While you are unquestionably the homeowner, if you borrowed money to facilitate the purchase, your lender also maintains an interest in the property until the loan is fully repaid. Depending on the price of your next home, the equity from your previous property might be adequate to cover your down payment or even the entire cost of your upcoming residence. It is highly recommended to engage with a mortgage adviser concerning your next mortgage, as they possess the expertise to assist you in securing the most suitable financing arrangement available.

Stamp Duty 
Stamp Duty is an additional consideration that is likely to arise with your next property purchase. This tax is assessed as a percentage of the property's purchase price and is payable to HMRC, whether the property in question is residential or non-residential.
Stamp Duty is determined through a tiered system. The initial £125,000 of your home's purchase price is exempt from Stamp Duty, and charges increase as you move into higher brackets. Even if the cost of your new home falls below £125,000, you are still obligated to submit a return (unless exempt), notwithstanding the absence of any Stamp Duty liability.

It is vital to acknowledge that Stamp Duty regulations exhibit variance across different regions of the UK, making it advisable to acquaint yourself with the specific rules and rates applicable to your location.

Disclaimer
We do not offer advice on First Time Buyer. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

The Financial Conduct Authority (FCA) does not regulate some forms of Buy-to-Let Mortgages.

A Buy-to-Let Mortgage will be secured against your property. 

A Buy-to-Let mortgage is tailored for individuals seeking to purchase residential properties, whether a house or a flat, with the intention of renting them out to tenants. 
While the core principles of Buy-to-Let mortgages align with standard mortgages, there are distinct differences, including:
- Elevated fees.
- Typically higher interest rates.
- A minimum deposit requirement, usually around 25% of the property's value (though it can vary from 20% to 40%).
- Primarily interest-only, necessitating monthly interest payments with the full loan amount settled at the mortgage's conclusion. Repayment options are also available.
- Buy-to-Let mortgages purchased as investments are not usually regulated by the Financial Conduct Authority (FCA). However, if you or your family plan to reside in the property, it may be considered a consumer buy-to-let mortgage and subject to the same strict affordability criteria as residential mortgages.
- Activities related to advising, arranging, lending, and administering Buy-to-Let mortgages for customers are governed by the same regulations as residential mortgages and fall under the jurisdiction of the FCA.

Eligibility for a Buy-to-Let mortgage is contingent on various factors:
- Investment intent in houses or flats.
- Capacity to comprehend and accept the associated risks.
- Ownership of your primary residence, either outright or with an outstanding mortgage.
- A favorable credit history and manageable existing borrowings.
- A minimum annual income of £25,000, as lenders may hesitate to approve a mortgage for lower earners.
- Compliance with age restrictions set by lenders, typically between 70 and 75 years at the mortgage's conclusion.

It is advisable to consult a mortgage broker for assistance in selecting the most suitable Buy-to-Let mortgage.

Consumer Buy-to-Let Mortgage and Commercial Buy-to-Let Mortgage 
The key distinction between a Consumer Buy-to-Let Mortgage and a Commercial Buy-to-Let Mortgage is explained below, other than the FCA protection offered by a consumer buy-to-let mortgage. 

Consumer Buy-to-Let Mortgage
A Consumer Buy-to-Let Mortgage can be defined as a “A buy-to-let mortgage contract which is not entered into by the borrower wholly or predominantly for the purpose of a business carried on, or intended to be carried on, by the borrower.” – Mortgage Credit Directive Order 2015.

This type of mortgage product represents a relatively recent variation of the more common buy-to-let mortgage. Both enable property owners to lease their properties (a residential mortgage is unsuitable for this purpose), but a Consumer Buy-to-Let Mortgage is specifically designed for:
- Accidental landlords: Individuals who did not initially intend to lease a property, perhaps due to inheritance, temporary relocation, or moving into a partner's residence, but who wish to retain their own property.
- Those desiring to rent a property to family members or relatives.
- Non-professional landlords.
Furthermore, the buyer, family member, or relatives must have resided in the property since its purchase, and the buyer should not possess any other rental properties.

Consumer Buy-to-Let Mortgages are frequently used to generate additional income or accumulate wealth over time. However, meeting the eligibility criteria for such mortgages can be challenging, as lenders exercise caution regarding affordability. Lenders typically consider rental income but may also insist on the landlord demonstrating personal income adequacy. The primary source of income should not be property rental, and it should not replace an existing income. Additional criteria may vary among lenders. For instance, the buyer may be required to furnish an income and expenditure plan. Moreover, some lenders may only offer this option for remortgages, especially if the buyer unintentionally becomes a landlord.

Consumer Buy-to-Let properties are subject to a range of regulations and taxes, including stamp duty, income tax, and capital gains tax. Any individual providing advice to prospective consumers considering this type of mortgage must also be registered with the FCA as qualified to do so.

Commercial Buy-to-Let Mortgage
Conversely, a Commercial Buy-to-Let Mortgage is not regulated by the FCA as it is considered a commercial financial product. This pertains to the acquisition of a property with the intent of leasing it to commercial tenants, such as businesses, rather than residential occupants. These mortgages are exclusively designed for intentional landlords seeking to invest in the residential rental market for profit. Such investments are typically executed by companies or institutional investors, as opposed to individuals, often involving considerably larger financial sums than Consumer Buy-to-Let arrangements. Properties can be acquired from the open market, and they are subject to different regulations and tax structures, such as business rates rather than council tax.

It is important to note that Commercial Buy-to-Let mortgages typically entail distinct terms and interest rates when compared to residential Buy-to-Let mortgages. Lenders may also require additional collateral or security to mitigate their risk exposure.

As is the case with any investment, comprehensive research and professional advice should precede any purchase decisions. It is advisable to consult a mortgage broker prior to entering into a Buy-to-Let mortgage, as they can assist in identifying the most suitable financing solution.

Disclaimer
We do not offer advice on Commercial Buy-to-Let Mortgage. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

A Commercial Buy to Let mortgage is where the borrower is acting by way of business and is not regulated by the FCA and therefore the provision of our service does not hold this additional level of consumer protection such as the Financial Ombudsman Service and Financial Services Compensation Scheme, unlike for residential mortgages.

Remortgaging is a process wherein an existing mortgage borrower opts to replace their current mortgage arrangement with an entirely new loan. The terms of a remortgage can vary based on lender criteria and your financial capacity. It may involve switching to a different arrangement with the same lender or seeking a more competitive deal from an alternate source. Remortgaging can offer benefits such as reduced interest rates, more favorable borrowing costs, or the ability to access additional funds by applying for a loan larger than the outstanding balance. However, it is important to note that remortgaging incurs lender fees, and there may also be broker fees involved. Therefore, seeking advice from a qualified mortgage advisor is advisable.

Remortgaging can prove advantageous in the following scenarios:
* The initial mortgage term has ended.
* Seeking a better mortgage rate.
* Changing the type of mortgage.
* Releasing equity by borrowing against your home.

Advantages of Remortgaging:
(+) Your credit rating remains unaffected as long as payments are consistently made.
(+) A perfect credit rating may not be essential since your home serves as collateral.
(+) Various terms are available based on affordability.
(+) Remortgaging with an existing lender can be relatively straightforward, as they already have your information and track record.

Disadvantages of Remortgaging:
On the flip side, there are drawbacks to remortgaging, including:
(-) Potential early redemption fees to your current lender, depending on your existing mortgage terms.
(-) Limited eligibility for remortgages, typically only extended for specific purposes like home improvements and renovations.
(-) Your home is at risk if you fail to meet required repayments.
(-) The process may involve converting previously unsecured debt into secured debt.
(-) Applying for a remortgage with a new lender can be as complex and time-consuming as the initial mortgage application. This can result in various charges, such as valuation fees, legal fees for conveyancing, and arrangement or booking fees, often amounting to several hundred pounds.

It is important to consider whether remortgaging is a wise choice, particularly if you are already on a favorable mortgage rate. This is especially true if the available rates are higher than your current mortgage rate. In cases where your mortgage rate is highly competitive but you require additional financing, exploring secured loans may be a viable alternative.

Refinancing debt with a remortgage can, for some people, be a great way to reduce their monthly outgoings to a more manageable level and help them make their debt more manageable. A remortgage can save thousands of pounds, but deciding whether a remortgage is a right decision depends on the circumstances. If you are considering remortgaging to deal with your debts, you should always get expert debt advice before going ahead.

Disclaimer
We do not offer advice on Remortgage. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Equity release provides a means to unlock the capital tied up in your property without the necessity of selling it and relocating to another residence. You have the option to borrow against the value of your home or sell a portion or the entirety of it in exchange for a lump sum or regular monthly income. This financial solution is accessible to individuals aged 55 or above, who either own their property outright or have relatively minor outstanding mortgage obligations. Most equity release providers impose a lender's arrangement fee, in addition to legal fees payable to a solicitor. It is advisable to seek guidance from a qualified equity release advisor, who may charge a fee for their services.

Advantages of Equity Release
(+) Offers a lump sum or regular income. The flexibility of contemporary equity release plans enables you to access your capital as a lump sum or opt for a lump sum with a drawdown feature.
(+) The tax-free cash you release can be utilized for various purposes, such as home improvements, settling a mortgage or debt, or even enjoying a dream vacation.
(+) The 'no-negative equity guarantee' ensures that you will never be required to repay more than the value of your home, and your estate will never incur a debt surpassing the property's sale value.
(+) Permits the release of home equity without the need to relocate or downsize. You can continue residing in your home without rent obligations for your lifetime or until permanent residential care is sought.
(+) Certain Equity Release Schemes offer the flexibility to make monthly, ad hoc, or partial repayments if you choose to do so. Regular payments are not mandatory, putting you in control.

Disadvantages of Equity Release
(-) Equity release can carry tax implications and affect specific state benefits.
(-) It is designed as a long-term financial solution and is not ideal for short-term borrowing needs.
(-) The overall value of your estate will diminish, subsequently reducing the amount that can be passed on as inheritance.
(-) Early repayment or plan termination may entail financial penalties.
(-) Some lifetime mortgages accrue compounded interest, potentially causing the debt to grow rapidly over the long term.
(-) Equity release represents just one option for accessing tax-free funds from your property. It's important to consider alternative approaches such as downsizing, seeking assistance from family, or exploring unsecured loans.

Disclaimer
We do not offer advice on Lifetime Mortgage/Equity Release. If you show an interest in one of this area, we can refer you to an FCA-regulated broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Whether you are moving into a new home or renewing your buildings and contents insurance for your existing home, it is a good idea to shop around for your home insurance coverage.

The best buildings and contents insurance is the one that suits your house or flat and the types of possessions you have inside. Depending on your living circumstances, you may only need buildings insurance cover or contents insurance cover for your home or combined buildings and contents cover.

Buildings insurance covers the structure of your home (the fixtures and fittings in your home). This includes kitchens and bathroom units, as well as walls, doors, windows and roofs. It can also include sheds, garages, and other external features. These features are not always included as standard, so make sure you check with your insurer if you need extra cover. A standard policy will usually cover you for floods, subsidence, theft/vandalism, fire, lightning, and water damage.

Contents insurance covers your belongings, the things that make a house a home, should they be damaged or destroyed. This means anything you can remove from your home, including furniture, carpets, curtains, light fittings, clothes, electronics, and personal items. Contents insurance generally offers protection against the same perils as buildings insurance cover.

Buying a combined policy is often cheaper than two separate ones if you are looking for both buildings and contents insurance for your home.

Unlike car insurance, you are not breaking the law if you do not have building and contents insurance. However, most mortgage providers will insist that you have buildings insurance before they lend you any money, as your home is used as collateral if you can not keep up repayments.

Home insurance will not insure you against the following:
* Acts of terrorism.
* Damage due to wear and tear.
* Accidental damage (although you can sometimes pay more to cover this).
* High-value items, unless you have specifically told the insurer about them.
* Business-related accidents or damage if you run a business from home.

It is worth noting that the cover is invalid with many insurers if your house is unoccupied for more than 30 consecutive days during the year.

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

Critical illness cover pays a tax-free lump sum if you are diagnosed with a critical illness during the policy term. You decide on the length of the policy: many people choose to have coverage until their kids have flown the nest until the mortgage is paid or until they plan to retire. Think of critical illness cover like car insurance: you pay every month or year for it and hope you never need to use it, but you feel better knowing it is there, just in case. All critical illness covers include the major serious illnesses you might suffer from - coronary artery bypass, major heart attack, kidney failure, major organ transplant, multiple sclerosis, stroke and a defined set of specific cancers.

As long as you keep up with the payments on your premiums (this can be monthly or annually), then you will be covered if you are injured or diagnosed with an illness that is specified on your policy. Once you are diagnosed, you will normally receive a one-time, tax-free payment that you can use to either replace the income you have lost from being off work, pay for medical bills, or make necessary changes to your home.

Make sure you check your policy wording carefully, as there may be a deferred period, which means that you will not receive your payout immediately on the diagnosis. You may need to wait for an agreed period before you can make your claim. It is important to know that critical illness and terminal illness are classed differently by insurance providers. Terminal illnesses (defined as a life expectancy of fewer than 12 months) are excluded from critical illness cover, so you should consider taking out life insurance instead if that is important to you.

Please be careful to check exactly what you will be covered for when agreeing to your policy.

Do I need critical cover?
Please check:
1. Whether you already have some illness insurance combined with another insurance policy like a life insurance policy, or with your mortgage, which covers you for serious illness?
2. What benefits your employer pays out if you can not work because of ill-health or disability?
3. Whether you have savings you can use instead of insurance?
4. Is this the most suitable type of illness insurance for me?

Check out all the different types of illness insurance to see which one would suit you best. For example, income protection insurance usually includes a greater range of illnesses and conditions than critical illness insurance. It may cover you for a more extended time if you can not work. However, it will probably cost you more than critical illness insurance.

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

If you are worried about what might happen if you become ill or lose your job, income protection insurance could offer you and your family security. Income protection refers to a family of insurance products that ensure you can continue to meet your financial commitments if you are forced to take an extended break from work. Income Protection Insurance will provide you with financial support if you find yourself unable work, due to illness or accident or if you are made redundant. Income Protection Insurance will pay you a regular income, whether you are employed or self-employed. It pays an agreed portion of your lost earnings, which could help cover your monthly essential bills like your mortgage, rent and other outgoings such as utilities and food, enabling you to focus on your recovery. It can provide you with either a fixed monthly benefit amount or cover a percentage of your earnings following the deferred period. You can get short-term or long-term policies, depending on your needs. The benefit amount can be paid for each eligible claim for a set period from up to 12 months or until retirement.

You might have savings to fall back on, an adequate company redundancy package, or company sick pay that will cover illness in some circumstances but unemployment protection will help you to maintain your lifestyle and pay the bills if you can not rely on these, either in the short or long term. You can expect to receive about half to two-thirds of your earnings before tax from your regular job. This is because some money will be taken off for the state benefits you can claim, and also, the income you get from the policy is tax-free.

You can not claim income protection payments straight away if you fall ill or become disabled. You usually have to wait a minimum of four weeks, but payments can start up to two years after you stop work. This is because you may not need the money straight away as you may get sick pay from your employer, or you may be able to claim statutory sick pay for up to 28 weeks after you stop work.

Short-term income protection can cover you for accident, sickness and unemployment if you’re unable to work for a short period, for example, if you break your leg or are made redundant. Policies typically cover you from six to 12 months, although some policies will provide cover up to two years. Long-term income protection will cover you against accident and sickness if you become seriously ill or permanently disabled, and it will not cover unemployment. If you are unable to work again, long-term income protection could provide you with a regular monthly income until you retire or the end of the policy term – whichever is sooner. Check with your provider to see the exact terms.

When you apply for income protection, you specify your employment status, what you want your insurance to cover, your income, your mortgage or loan repayments.

Income protection should not be confused with Payment Protection Insurance (PPI). PPI, notorious for being widely mis-sold in the past, only covers a specific debt if you are unable to work because of injury, illness or unemployment. For example, it could cover your credit card, mortgage or loan repayments.

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

Key person insurance is a type of life insurance policy that provides financial protection to businesses in the UK in the event that a key employee or executive becomes incapacitated, disabled, or dies. This insurance policy can help the company cover the financial losses that may arise from the absence of the key employee, such as lost revenue, decreased productivity, or increased expenses to hire and train a replacement. Key person insurance policies can come in different types, including life insurance, critical illness insurance, and income protection insurance. The right policy will depend on the size and type of business, the key employee's role, and the potential financial impact of their loss.

Why Key Person Insurance is Important for UK Businesses
In the UK, key person insurance is an important form of business protection that can provide peace of mind to company owners and stakeholders, ensuring that the organization can continue to operate and meet its obligations in the event of an unexpected loss. Every business has key employees whose absence or incapacitation could have a significant impact on the company's financial performance. Key employees could be executives, managers, salespeople, or other employees whose skills and knowledge are critical to the company's operations and success.
The sudden loss of a key employee can have a ripple effect throughout the organization, impacting revenue, customer relationships, and other key areas of the business. For example, if a company's top salesperson becomes disabled or dies, the company may lose significant revenue and have to scramble to find a replacement. Similarly, if a key executive or manager is incapacitated, the company may struggle to make important decisions, leading to decreased productivity and profitability.
Key person insurance can help mitigate these risks by providing the company with the financial resources needed to manage the aftermath of a key employee's loss. The insurance policy can provide funds to cover expenses such as recruitment costs, training costs, lost profits, and other costs associated with replacing a key employee.

Types of Key Person Insurance Policies
There are several types of key person insurance policies available to UK businesses, including:
a. Life Insurance
This is the most common type of key person insurance policy. It provides a lump sum payment to the company in the event that the key employee dies. The payout can be used to cover expenses such as recruitment costs, lost profits, and other costs associated with replacing the key employee.
b. Critical Illness Insurance
This type of policy provides coverage to the company in the event that the key employee becomes critically ill and is unable to work. The policy can provide a lump sum payment to cover expenses such as medical bills and lost profits.
c. Income Protection Insurance
This policy provides ongoing coverage to the company in the event that the key employee becomes incapacitated and is unable to work. The policy can provide a regular income to the company to cover ongoing expenses and lost profits.

Choosing the Right Key Person Insurance Policy
Choosing the right key person insurance policy depends on several factors, including the size and type of business, the key employee's role in the company, and the potential financial impact of their loss. When selecting a key person insurance policy, it is important to work with an experienced insurance broker who can help you evaluate your options and select the policy that best meets your needs. A broker can help you assess the risks associated with the loss of a key employee and determine the appropriate level of coverage needed to mitigate those risks.

How Key Person Insurance Works
Key person insurance works by providing the company with a lump sum payment or ongoing income in the event that a key employee is incapacitated, disabled, or dies. The insurance policy is typically owned by the company and pays out to the company, rather than to the key employee or their family.
The premiums for key person insurance policies are typically tax-deductible, which can help offset the cost of the policy. However, the lump sum payment or ongoing income received from the policy is typically treated as taxable income for the company.
The amount of coverage needed for a key person insurance policy depends on several factors, including the key employee's salary, the potential financial impact of their loss, and the cost of hiring and training a replacement. An insurance broker can help the company determine the appropriate level of coverage needed to manage the financial risks associated with the loss of a key employee.
When a key employee dies or becomes incapacitated, the company must file a claim with the insurance provider to receive the payout from the policy. The insurance provider will require proof of the key employee's death, incapacity, or critical illness before processing the claim and providing the payout to the company.

It is important for businesses to regularly review their key person insurance policies to ensure that the coverage level is still appropriate for the company's needs. As the business grows and changes, the risks associated with the loss of a key employee may change as well. Regular policy reviews can help ensure that the company has adequate coverage and is prepared to manage the financial risks associated with the loss of a key employee. 

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

Life insurance is a type of insurance policy that can provide financial support to your loved ones when you pass away. It can offer this in a lump sum payment, which can help clear outstanding debts, such as your mortgage, and give your family money to live off, so your partner or children can continue to pay bills and living expenses. If you prefer, you can arrange to provide a regular income for them instead.

Do I need life insurance?
* If you have dependants or a partner who relies on your income, it is important to make sure they are taken care of.
* If you have a mortgage, life insurance can help your loved ones meet those financial commitments.
* You might want to consider a policy that covers funeral expenses to ease the cost for your family.

Life insurance is not a legal requirement, but it could give your dependents, like a partner or children, stability when you die. Life insurance can provide a financial safety net if you are no longer around to provide for them anymore, as well as peace of mind.

You choose the amount of cover you need, how long you need it, and whether you want to take out life insurance under joint or single names. The amount of cover you choose will normally stay fixed unless you change your policy.

If you are looking to take out a mortgage, be aware that some mortgage providers might want you to have life insurance so they know the mortgage can be repaid if you do pass away.

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

Private medical insurance is an insurance policy designed to cover the cost of private healthcare. It will typically cover you for surgery associated with ‘acute conditions’, like a hip replacement or having a hernia removed. You can buy different types of policies that each offer various levels of cover at varying costs. This could include fast-track diagnostics for cancer or access to other cancer treatments not currently available on the NHS.

Like other insurance, you will pay monthly or annual premiums - then, should you need private medical treatment, your provider will pay out for some or all of the cost. Private medical insurance works as a helping hand when you need it most, from in-patient treatment to extra support for mental health, depending on your policy. You can take out private medical insurance for yourself, or a joint policy to cover you and your partner.

Private medical insurance usually gives you:
* Quicker access to consultants, tests and treatment.
* Private hospitals often have facilities to make your stay more comfortable, like TVs and en-suite rooms.
* In some instances, access to treatment and drugs that are not widely available on the NHS.
* Greater control over which hospital you go to and when.

The downside of private medical insurance is that it tends to be very expensive, and chronic illnesses are not usually covered.

Getting the most suitable private medical insurance for your needs is half the battle. Firstly, decide why you want it and whom you want it to cover.

Types of private medical insurance policies
1. Individual medical insurance
This can give you fast access to medical care if you become ill or injured, avoiding lengthy NHS waiting times. Before you start comparing policies, check if you might already have private medical insurance through your employer.
2. Joint medical insurance
This insurance policy covers the health of both you and your partner. It can be cheaper than taking out two separate policies, although this is not always the case.
3. Family medical insurance
Family medical insurance can cover your whole family under the same policy. This can sometimes work out cheaper than buying individual cover for each family member.
4. Child medical insurance
This insurance covers the cost of private healthcare for your child if they become ill. It reassures you that they will get immediate treatment in private hospitals and clinics. Currently, you can not compare standalone child health insurance through us.

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

It is possible for your employer to establish a life insurance policy on your behalf, intended to provide benefits to your family. Additionally, the firm may opt to cover the premium payment, as this expenditure is deemed an acceptable business expense.

What is Relevant Life Insurance? 
Relevant Life Insurance is a type of life insurance policy that is available in the UK. It is designed to offer small business owners and contractors an affordable and tax-efficient way to provide life insurance coverage to their employees. With this type of policy, the employer pays the premiums on behalf of the employee, and the policy pays out a tax-free lump sum to the employee's beneficiaries in the event of their death.
The concept of Relevant Life Insurance was introduced in 2006 as part of the Finance Act, and it has since become a popular option for small business owners looking to provide life insurance coverage to their employees. One of the key advantages of Relevant Life Insurance is that it is a tax-efficient option, as the premiums are treated as a business expense and are tax-deductible.

How Relevant Life Insurance Works
Relevant Life Insurance policies are similar to standard life insurance policies in that they provide a tax-free lump sum payment to the beneficiaries of the policyholder in the event of their death. However, there are some key differences between Relevant Life Insurance policies and other types of life insurance policies.
a. Relevant Life Insurance policies are individual policies that are set up by employers on behalf of their employees. Unlike group life insurance policies, Relevant Life Insurance policies are not linked to an employee's pension scheme and can be tailored to the specific needs of each individual employee.
b. Secondly, Relevant Life Insurance policies are set up under a trust. This means that the policyholder does not own the policy and cannot make changes to it. Instead, the policy is held in trust, and the benefits are paid out to the beneficiaries directly, rather than to the policyholder's estate for inheritance tax purposes. 
One of the key advantages of setting up a Relevant Life Insurance policy is that it is treated as a business expense, rather than a benefit in kind. This means that the premiums are tax-deductible, which can be a significant cost saving for small business owners.

Eligibility for Relevant Life Insurance
In order to be eligible for a Relevant Life Insurance policy, the employee must be a UK resident and must not already have a group life insurance policy provided by their employer. Additionally, the policy must be set up by a UK registered company or a UK-based contractor. 
Relevant Life Insurance policies can provide a range of benefits, including death in service benefits, terminal illness benefits, and serious illness cover. Some policies also provide cover for the employee's spouse or partner.

Advantages of Relevant Life Insurance
There are several advantages to setting up a Relevant Life Insurance policy, including:
a. Tax efficiency
Relevant Life Insurance policies are tax-efficient, as the premiums are treated as a business expense and are tax-deductible. This can be a significant cost saving for small business owners.
b. Flexible
Relevant Life Insurance policies can be tailored to the specific needs of each individual employee. This means that the policy can be adjusted to provide the level of coverage that is most appropriate for each employee.
c. Affordable
Relevant Life Insurance policies can be more affordable than other types of life insurance policies, as they are not linked to an employee's pension scheme.
d. No benefit in kind
Relevant Life Insurance policies are not considered a benefit in kind, which means that they do not attract National Insurance contributions or income tax.
e. Portable
Relevant Life Insurance policies are portable, which means that the employee can take the policy with them if they leave their current employer.

Disadvantages of Relevant Life Insurance
There are also some disadvantages to setting up a Relevant Life Insurance policy, including:
a. Limited coverage
Relevant Life Insurance policies provide limited coverage compared to other types of life insurance policies. For example, they do not provide critical illness cover or income protection.
b. No surrender value
Relevant Life Insurance policies do not have a surrender value, which means that if the policyholder cancels their relevant life insurance policy or it expires, they will not receive any money back.
c. Limited availability
Relevant life insurance policies are only available to certain individuals, such as company directors, business owners, and employees. This means that not everyone will be eligible for this type of policy.
d. Possible tax implications
While relevant life insurance policies can provide tax benefits, there may be tax implications if the policyholder is deemed to have benefited from the policy in a way that is not compliant with tax regulations.

Why CHFinance? 
It is important to consult with a qualified insurance professional to ensure that the policy is structured correctly and provides the appropriate level of coverage for the business's needs. We can also help you compare policies from different providers to find the best coverage at a price that fits your budget. 

Important Information

Almost all firms offering financial services in the UK must be authorised by The Financial Conduct Authority (FCA) or be an Appointed Representative (AR) of a firm. You should only deal with authorised firms. If you deal with an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme if things go wrong. Feel free to visit www.fca.org.uk.

We will not charge you a fee for our services relating to insurance, but we will receive a commission from the product provider. The commission will be calculated as a proportion of the premiums paid for the insurance product.
You will receive a quotation that will tell you about the fees and charges relating to any particular insurance policy we recommend.

We do not charge a fee as we will receive a commission from the provider after the policy has been placed at risk.

Calls to and from CHFinance may be monitored and recorded for record-keeping, supervisory, training, and quality-assurance purposes.

Property finance in the UK refers to how individuals and businesses obtain funding to purchase or invest in real estate.

It encompasses a wide range of financial products and strategies used to acquire, develop, and manage properties in the UK.

Semi Residential 
Our process for obtaining finance against the property is simple and quick, which is often impossible with banks and financial institutions. 

Commercial 
We are a team of experienced financial experts who provide bespoke finance solutions to owners, investors, and developers.

Land 
We aim to provide quick and customised solutions to your loan needs. 

Common types of property finance in the UK
a. Mortgages
A mortgage is a loan used to purchase a property. Banks, building societies, and other financial institutions typically offer mortgages in the UK. Borrowers make regular monthly repayments over a set term (e.g., 25 years) to repay the loan amount plus interest. Mortgages are secured against the property, which means that the property serves as collateral for the loan. If the borrower fails to repay the mortgage, the lender may have the right to repossess and sell the property to recover the money.
b. Buy-to-let mortgages
Buy-to-let mortgages are specifically designed for investors who purchase properties intending to rent them out. These mortgages typically require a larger deposit and may have higher interest rates than residential mortgages. The rental income generated from the property is used to repay the mortgage, and the investor may also benefit from any appreciation in the property's value over time.
c. Bridging loans
Bridging loans are short-term loans used to bridge the gap between the purchase of a property and the sale of an existing property or to fund property renovations or development projects. Bridging loans are usually repaid within a few months to a few years and are often used by property investors and developers to fund purchases quickly or take advantage of time-sensitive opportunities.
d. Development finance
Development finance is used to finance property development projects, such as building new homes, renovating existing properties, or converting commercial properties into residential properties. Development finance typically involves more complex financing structures and may require additional documentation, such as a detailed business plan and cost projections. Interest rates for development finance are usually higher than traditional mortgages due to the higher risks associated with property development.
e. Commercial mortgages
Commercial mortgages are used to finance the purchase or refinance of commercial properties, such as office buildings, retail spaces, and industrial properties. Commercial mortgages typically have different eligibility criteria, terms, and interest rates than residential mortgages, as they are based on the income-generating potential of the property rather than the borrower's personal income.
f. Equity release
Equity release is a way for older property owners to access the value tied up in their properties without selling them. It involves borrowing against the equity (the difference between the property's value and any outstanding mortgage) in the property, usually in the form of a lifetime mortgage or a home reversion plan. The loan is repaid when the property is sold, or the homeowner passed away.

Our tailored financial advice is designed to meet the unique needs of your business
Whether you are investing, developing, or dealing in property in the UK market, our team of financial experts can assist you in making the most appropriate finance choice for your requirements. Regardless of whether you are a new or existing customer, our dedicated finance managers are equipped to provide guidance across all sectors.

Our business model is simple and effective. We have established partnerships with various high street and private banks, lenders, wealth managers, and private investor funds. Each of these financial partners has their own standards and can offer customized solutions that align with your specific needs.

Types of finances we offer 
Commercial finance 
Bridging Loan  
Development Finance 
Refurb Finance 
HMO 
Buy to let 
Auction purchases 
Refinance 
Mezzanine finance 
Portfolio finance 

These are just a few examples of the various types of property finance options that are available in the UK. The availability and terms of property finance can differ based on factors such as the borrower's creditworthiness, the type of property, the loan amount, and the specific requirements of the lender. It is essential to thoroughly evaluate the available options, seek guidance from qualified professionals, and fully comprehend the risks and obligations associated with property finance before making any decisions.

Do You Need finance? 
Speak to our financial expert to arrange it fast. 


Disclaimer
We do not offer advice on Property Finance. If you show an interest in this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

Property finance in the UK refers to how individuals and businesses obtain funding to purchase or invest in real estate.

It encompasses a wide range of financial products and strategies used to acquire, develop, and manage properties in the UK.

Semi Residential 
Our process for obtaining finance against the property is simple and quick, which is often impossible with banks and financial institutions. 

Commercial 
We are a team of experienced financial experts who provide bespoke finance solutions to owners, investors, and developers.

Land 
We aim to provide quick and customised solutions to your loan needs. 

Common types of property finance in the UK
a. Mortgages
A mortgage is a loan used to purchase a property. Banks, building societies, and other financial institutions typically offer mortgages in the UK. Borrowers make regular monthly repayments over a set term (e.g., 25 years) to repay the loan amount plus interest. Mortgages are secured against the property, which means that the property serves as collateral for the loan. If the borrower fails to repay the mortgage, the lender may have the right to repossess and sell the property to recover the money.
b. Buy-to-let mortgages
Buy-to-let mortgages are specifically designed for investors who purchase properties intending to rent them out. These mortgages typically require a larger deposit and may have higher interest rates than residential mortgages. The rental income generated from the property is used to repay the mortgage, and the investor may also benefit from any appreciation in the property's value over time.
c. Bridging loans
Bridging loans are short-term loans used to bridge the gap between the purchase of a property and the sale of an existing property or to fund property renovations or development projects. Bridging loans are usually repaid within a few months to a few years and are often used by property investors and developers to fund purchases quickly or take advantage of time-sensitive opportunities.
d. Development finance
Development finance is used to finance property development projects, such as building new homes, renovating existing properties, or converting commercial properties into residential properties. Development finance typically involves more complex financing structures and may require additional documentation, such as a detailed business plan and cost projections. Interest rates for development finance are usually higher than traditional mortgages due to the higher risks associated with property development.
e. Commercial mortgages
Commercial mortgages are used to finance the purchase or refinance of commercial properties, such as office buildings, retail spaces, and industrial properties. Commercial mortgages typically have different eligibility criteria, terms, and interest rates than residential mortgages, as they are based on the income-generating potential of the property rather than the borrower's personal income.
f. Equity release
Equity release is a way for older property owners to access the value tied up in their properties without selling them. It involves borrowing against the equity (the difference between the property's value and any outstanding mortgage) in the property, usually in the form of a lifetime mortgage or a home reversion plan. The loan is repaid when the property is sold, or the homeowner passed away.

Our tailored financial advice is designed to meet the unique needs of your business
Whether you are investing, developing, or dealing in property in the UK market, our team of financial experts can assist you in making the most appropriate finance choice for your requirements. Regardless of whether you are a new or existing customer, our dedicated finance managers are equipped to provide guidance across all sectors.

Our business model is simple and effective. We have established partnerships with various high street and private banks, lenders, wealth managers, and private investor funds. Each of these financial partners has their own standards and can offer customized solutions that align with your specific needs.

Types of finances we offer 
Commercial finance 
Bridging Loan  
Development Finance 
Refurb Finance 
HMO 
Buy to let 
Auction purchases 
Refinance 
Mezzanine finance 
Portfolio finance 

These are just a few examples of the various types of property finance options that are available in the UK. The availability and terms of property finance can differ based on factors such as the borrower's creditworthiness, the type of property, the loan amount, and the specific requirements of the lender. It is essential to thoroughly evaluate the available options, seek guidance from qualified professionals, and fully comprehend the risks and obligations associated with property finance before making any decisions.

Do You Need finance? 
Speak to our financial expert to arrange it fast. 


Disclaimer
We do not offer advice on Property Finance. If you show an interest in this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.  

You may be able to obtain a larger loan amount with a longer repayment term through a secured loan compared to other loan types. CHFinance can assist you in finding the loan that best fits your circumstances. CHFinance is just a phone call away.

What are secured loans? 
A secured loan is a type of loan that requires collateral, such as your property, to secure the loan amount. If you default on the loan, the lender has the right to seize and sell the collateral to recover the owed amount. Opting for a secured loan typically allows you to borrow a larger sum of money at a lower interest rate, as it is seen as less risky by potential lenders, who view you as a more reliable borrower due to the collateral provided.

What are the potential purposes for which I can utilize a secured loan?
While you can utilize personal secured loans for various purposes, your lender may inquire about your intentions. Typically, individuals apply for such loans with a specific, significant project in mind, such as financing home improvements, covering wedding costs, purchasing a new car, consolidating debt, or addressing business needs.

Secured loans in the UK
Secured loans in the UK are also called "mortgages" or “second charges" on property. The amount that can be borrowed through a secured loan in the UK depends on various factors, including the value of the property used as collateral, the borrower’s creditworthiness, and the lender's criteria. Interest rates on secured loans in the UK are generally lower than unsecured loans because the lender has the added security of the collateral.

It is important to note that defaulting on a secured loan in the UK can result in the lender repossessing the property and selling it to recover the loan amount, so it is crucial for borrowers to carefully consider their financial situation and ability to repay before taking out a secured loan. Legal processes and regulations around secured loans in the UK are governed by the Financial Conduct Authority (FCA) and other relevant laws. It is recommended to seek professional advice from a qualified financial advisor or legal expert before proceeding with a secured loan in the UK.

How do they work
Every type of loan has its advantages and disadvantages. When considering a secured loan offer from a lender, you must be confident that you can afford the repayments as scheduled, as there is a risk of losing your home. Since the loan is "secured" against the value of your property, lenders may be more willing to lend you a larger amount than a personal or unsecured loan. We can potentially assist you if you are confident in your ability to meet the repayments and desire flexibility in rates and terms. With access to approximately 600 loan products, we can help you find a loan that suits your needs and provide you with a free, no-obligation quote today.

Advantages of choosing secured borrowing
Secured loans typically come with extended repayment periods, lower interest rates, and higher credit amounts due to the lender having a valuable asset to secure the loan against. This reduces the risk for the lender in case of missed repayments. Additionally, with a secured loan, you may be able to maintain your current low-rate mortgage product, avoiding early repayment charges that may apply if you settle it too soon.

Disadvantages of getting a secured loan
In the event of ongoing repayment difficulties or inability to repay the loan, the property that was used as collateral for the secured loan may be utilised by lenders to cover the outstanding debt. Additionally, borrowing a larger amount over a longer period may result in higher interest payments in the long term. It's crucial to carefully evaluate your affordability before applying for a loan.

Difference between secured and unsecured loan
These are two distinct methods of obtaining the funds you require. Secured loans are exclusively available to homeowners, and this type of borrowing may offer better interest rates and higher loan amounts. On the other hand, unsecured loans are more accessible for individuals with a favorable credit rating. Lenders view unsecured loans as lower risk and do not require collateral to support the loan application.

Secured loan vs remortgage or equity release
Customers who own their homes may consider remortgaging or equity release options to raise funds. Remortgaging involves paying off the existing mortgage, which may result in a lower interest rate if not on a fixed rate or standard variable rate (SVR). However, early repayment penalties may apply if still on a fixed low-rate product. It's important to note that secured loans typically have higher interest rates compared to remortgages. This is because lenders face increased risk, as the first charge on any equity from the sale of a repossessed house goes to the primary mortgage, and subsequent charges take their share from what's left. However, with a mortgage, the loan is spread over a longer period, resulting in potentially higher interest payments in the long run.

Secured loans can be better than a remortgage in the following situations:
a. Your current mortgage rate is exceptionally low and cannot be matched.
b. You require funds urgently and cannot wait for other borrowing options.
c. Your mortgage has a substantial early repayment charge (ERC), making remortgage unfeasible.
d. You are unable to refinance your mortgage due to certain circumstances
e. Your poor credit score makes it difficult to secure a traditional loan or mortgage.

However, your current mortgage provider may decline your request for additional borrowing, especially if your circumstances have changed since you initially obtained the mortgage. Additionally, if you require the funds urgently and do not have sufficient time to go through the legal process involved in a remortgage, a secured loan might be a more preferable option. It is crucial to seek guidance from a trusted mortgage or loan broker to assist you in making the right decision.

Is a secured loan suitable for me?
Before submitting an application for a secured loan, several factors should be considered to increase your chances of approval from a lender.
a. Income and Expenses
Lenders will assess your ability to afford the monthly repayments on a loan secured by your home. They will inquire about your income, expenses, and debts. Maintaining regular, timely repayments could positively impact your credit score in the long run.
b. Loan-to-Value (LTV) Ratio
Having higher equity in your home poses lower risks for lenders, which could result in lower repayment rates. However, having more equity also means you may be able to borrow a larger amount.
c. Credit History
While a flawless credit report is not always necessary for a reasonable interest rate, lenders usually review your borrowing history and any County Court Judgments (CCJs).
d. Loan Purpose
Certain lenders may have specific lists of acceptable or unacceptable loan purposes, so it's advantageous to have a clear purpose in mind when applying.
e. Secured Loan Eligibility
Lenders consider multiple factors to determine your suitability for a loan, including your credit score, loan amount and term, monthly repayment affordability based on your income, equity in your property (even if it's negative equity), and the lender's own criteria.

Is credit score a significant factor in securing a loan?
Credit history is important but not the sole determinant for loans secured by a property. With loans secured on property, your credit score isn’t the only factor considered. Remember that a better credit score might mean a lower interest rate.

Representative example
Secured loan rates vary from 4.99% variable to up to 65.2%, providing flexibility to find a loan that meets your needs.
For instance, if you borrow £10,000 over ten years at an Annual Interest Rate of 5.14% (variable), you will make 120 monthly payments of £122.71, resulting in a total repayment of £14,725.20. This includes a lender fee of £495 and a broker fee of £1,000, both of which have been added to the loan. The overall cost for comparison is 8.6% APRC representative. The maximum APR is 65.2%.

What is the process for securing loan approval?
The secured loan application process involves several potential steps, including: 
a. Researching secured loans and your options
b. Making an application
c. Submitting supporting documents
d. Potential property appraisal, and
e. Application decision

What documents are required for a secured loan?
Once you have initiated your application online, we will contact you by phone to review details and request additional information, including personal financial details, employment status, income details, and the purpose of the loan. As a homeowner, you will need to provide information about your current financial situation, such as recent bank statements, payslips, and a mortgage statement, to expedite the process.

We go extra miles for your case
CHFinance specializes in finding loans that match your financial situation and needs. Unlike building societies or banks that offer only one product, we compare loans from the entire market to find the best match for you. Our loan products are flexible, allowing you to borrow from £3,000 to £500,000 with repayment terms ranging from 1 to 30 years. We search and compare over 600 loan products from our panel of lenders to find the best-secured loan that suits your unique circumstances. Our loan process is straightforward and flexible, and we use a soft search, which does not impact your credit score, to search for loan options.

Disclaimer
We do not offer advice on Secured Loans. If you show an interest in one of this area, we can refer you to an FCA-regulated master broker who is authorised to provide advice in that area. If you go ahead with one of their recommendations, we, as a firm, will receive a referral fee commission from the provider if the case completes.