There are many different types of finance available, and we help guide our clients through the maze, to find their best outcome. With over 40 years experience in Financial Services, and with an in-depth knowledge of all elements of the sector, we are uniquely placed to provide a personalised service to each of our clients – the days of ‘one size fits all’ are certainly gone as far as Lathro are concerned.

Term Loans/Commercial Loans

A term loan is usually for a specific amount and has a specified repayment schedule. Interest rates are normally fixed at the start although there are some loans where the interest rate can vary depending on Bank of England Base Rate moves, or other similar indices. This type of loan is often appropriate for an established business with financial statements readily available, and generally requires property in security of the loan.

Buy to Let Loans

Buy To Let (BTL) loans work differently to standard loans, and BTL loans are geared specifically to those who buy property as an investment, rather than buy it as somewhere they want to use personally.  The loans can be for both residential and non-residential property.  Lending can be undertaken in personal names however it is more often the case that the borrowing is undertaken in the name of a limited company.  Some lenders will only lend to experienced landlords, so it is key for anyone considering purchasing an investment property that they get the right advice.  Any lending is secured against the property(ies) being purchased and the rental income is used to service the monthly costs of the loan.

Bridging Loans

A short-term finance option which “bridges” the financial gap between the purchase of one asset and the re-sale, and longer term finance of it. This is often used to allow developers to purchase a site quickly, while the finalise the planning on the site, or arrange for the longer term funding package to be put in place. They can be used for other purposes though and generally are for a term of between 6 and 24 months.

Development Finance

A development loan is a short-term funding option, usually for a term of between 6 and 24 months, and is designed to assist with the the costs involved with the purchase, and subsequent development, of a site. Generally, it is for residential property although we can source finance for commercial development also.

The funding can be used to support a full spectrum of works, from new build, conversion to refurbishment works, and can be for a single unit site through to a multiple unit site which is developed in phases. There are two major types of Development Finance loans, and we have an in-depth knowledge of both, as well as close links with lenders who actively support both types.

Developer Exit Finance

These loans are specifically used to support developers who have completed most, or all, of the work on a site and are keen to move on to the next, while sales are achieved/completed on the final phase. Similar to a bridging loan, the loan is secured against the remaining properties and is for a pre-agreed period of time. Usually these loans are for a maximum term of 12 months.

Asset Finance

Asset Finance is the name given to the various different ways a company can raise finance to purchase assets which will then be used by the company in it’s day to day operations. The company borrowing the funds must provide the lender with a security interest in the assets. We have arranged funding on a diverse selection of assets from pizza ovens, through full production site kit out to cars and even heavy machinery used by clients on their development sites.

Lathro Service Level Options

To allow our clients maximum flexibility we offer two service level options.

Lathro Classic

For the client who is more experienced in the financing of assets, and asset purchases, and who already have appointed lawyers, valuers and such like, we are able to offer our entry level of service.
With Lathro Classic, we simply arrange the finance for our clients, tailoring the product to match their own specific need. We don’t undertake any additional activities such as liaising with professionals like lawyers, accountants, architects etc and rather we leave that to the client. Likewise we don’t assist with company structuring etc albeit we can, if required, undertake additional tasks and this may lead to an additional fee being agreed with our client before the task is undertaken.

Lathro Premium

For the client who is looking for us to act as a Concierge, looking after every single aspect of the financing of assets, and asset purchases, Lathro Premium is the solution. We manage and co-ordinate every single aspect of the journey, on behalf of our client, including sourcing professionals like lawyers, accountants, architects, etc as appropriate. Lathro can also assist in the drafting of business plans, if required. Lathro Premium is more suited towards the discerning client who are already very busy and need us to handle every aspect of the transaction.

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