A Wide Range of Solutions
We have knowledge across all areas of commercial finance and are ready to assist you.
Bridging Finance
A bridging loan is a short-term loan designed to cover the gap between purchasing a property and exiting the finance, typically through selling the property or remortgaging.
These loans generally have a 12-month term with no early repayment charges, except for the first three months’ interest, which must be fully paid if the loan is repaid early. After the first three months, repayments depend on the loan duration.
Development Finance
Development finance is a short-term funding solution, usually lasting 6 to 24 months, designed to cover purchase and construction costs for residential or commercial projects. This includes new builds, conversions, and refurbishments, from single units to multiple phases.
A development loan has two key components:
1. Site Purchase Funding: The first part is for acquiring the development site, whether it’s land for new construction or an existing property for refurbishment.
2. Building Costs Funding: The second part covers construction costs, released in stages, typically on a monthly basis as project milestones are met.
Trading Business
Trading business mortgages allow you to finance the purchase or refinance of properties for your business premises.
These mortgages not only facilitate property acquisition but also provide the option to remortgage for better terms, especially if your business performance has improved, making you a lower-risk applicant.
You can borrow the necessary funds to purchase property or land for your business from high street banks or specialist lenders, repaying through manageable monthly installments with interest.
Portfolio Finance
A Portfolio Mortgage simplifies financial management for landlords by consolidating all buy-to-let mortgages into a single account, resulting in one monthly payment to one lender.
Registered as a limited company, your property portfolio provides a business-like approach to finances. While a portfolio usually includes at least four properties, it can begin with two, as most lenders consider four the minimum to access tailored options.
Portfolio mortgages offer clarity and convenience, allowing you to manage your finances with a single monthly statement instead of multiple ones. While optional, a Portfolio Mortgage is an effective way to streamline your property management and enhance your investment strategy.
Asset Finance
Asset finance is a financing option that allows businesses to acquire essential equipment, such as vehicle fleets, farm machinery, and even aircraft, without paying the full cost upfront. Instead, businesses make regular payments to use the asset over an agreed period.
This approach not only makes it easier to raise funds for additional financial needs compared to traditional loans, but it also helps maintain cash flow by spreading out the costs of the asset and avoiding ownership-related expenses, such as maintenance.
Unlike a standard loan, asset finance is secured by the asset itself, providing added security for the financing agreement.
Semi-Commercial
Semi-commercial mortgages are property-backed loans for properties that have both residential and commercial elements. Available for various property types, these loans can be used to purchase or remortgage.
Funded by commercial mortgage lenders, semi-commercial mortgages are similar to commercial mortgages. Properties with both commercial space and living accommodation qualify as semi-commercial.
Some lenders offer lower interest rates for semi-commercial properties compared to fully commercial ones, depending on the ratio of residential to commercial space.
Commercial Investment
A commercial investment mortgage is a loan used to purchase or refinance a commercial property that is leased to tenants. These loans typically have slightly higher rates and fees than those for owner-occupied properties.
Similar to residential buy-to-let mortgages, the evaluation process considers the applicant, the property, and the lease agreement. Lenders assess the applicant’s credit history, financial status, and experience in property management.
Residential Investment
Residential investment mortgages are specifically designed for property investors and landlords who purchase residential properties with the intention of renting them out to tenants for profit.
As a result, residential investment mortgages are often more expensive; the interest rates are usually higher, and lenders typically require a larger initial deposit.
Invoice Finance
Invoice financing is a short-term borrowing option that allows your business to secure funds against unpaid invoices. These receivables act as collateral.
Commonly used in sectors like construction, retail, and transportation, this financing can help businesses facing working capital challenges, particularly if a large portion of their assets is tied up in receivables due to long payment terms. It is often an attractive option for small businesses.
Unsecured Finance
An unsecured business loan allows you to access funding without collateral, such as property or equipment. This fast and straightforward option provides the cash your business needs, particularly if you lack assets or prefer not to use them as security.
With various tailored options available, you can choose a loan that fits your business needs. Repayment is flexible, with monthly or quarterly installments over a set period. Whether you need short-term support or a longer-term solution, an unsecured business loan can help drive your growth and success.
Healthcare Finance
At My Finance Gateway, we divide Healthcare Finance into two main sectors:
Primary Healthcare Sector: This includes qualified professionals like GPs, Dentists, Pharmacists, and others. These practitioners often need financing for practice buy-ins, property purchases, or business expansion. The Dental and Pharmacy sectors present significant growth opportunities, with loans available for up to 25 years.
Care Home Sector: This sector provides care in adapted or purpose-built properties for the elderly and those with mental health needs. Financing is essential for acquiring these businesses, with loan repayment options typically spanning 15 to 25 years for purpose-built facilities.