The Business Exchange Bath & Somerset Issue 17: Autumn 2020 | Page 10

THINKING OF YOUR NEXT PROPERTY PROJECT? Whether it’s residential or commercial property, Buy to Let or development, SWBF could help you to secure your finance requirements. As we all begin to emerge from the Coronavirus outbreak there is some good news for landlords. The Government has cut stamp duty with the initial threshold increasing from £125,000 to £500,000, therefore landlords will only pay the surcharge of 3% on properties costing up to £500,000, potentially saving thousands of pounds. The stamp duty holiday is in place until 31st March 2021 and the relief extends to companies purchasing property as well as individuals. At SWBF, we take the time to understand our clients and how any additional funding arrangements will work alongside existing arrangements, we think creatively and have a great understanding of what funding options there are in the market, whilst staying abreast of all the criteria changes to know the best possible options for our clients. We walk alongside our clients at every step of the finance process. We have recently welcomed Rich Manning to the Team, Rich brings a wealth of experience in property finance including; complex buy-to-let, bridging and commercial property finance, with a focus on auction purchases and completions within 20 working days. You can find out more about Rich at our website www.swbf.co.uk If you are thinking about investing in property or are an experienced landlord with a portfolio please don’t hesitate to get in touch. The services we offer... Property Investment Finance Residential and commercial property finance (Buy To Let including HMO and MUFB) Property Development Finance From light refurbishment to full large scale ground-up development Commercial Mortgages Owner-occupier commercial premises for your business Bridging Finance Short term property finance Auction Finance Short term specifically to finance property at auction with a quick completion window Why choose SWBF? All members of the team are extremely experienced in the sector We have a long track record in successfullly obtaining property finance We have great relationships with lenders who trust us We have access to lenders and products that are not available to the general market We will manage the process from start to finish All of the above are available to Limited Companies, Partnerships or individuals. Changing the face of commercial finance 01225 800849 [email protected] www.swbf.co.uk South West Business Finance is a broker of credit and not a lender. South West Business Finance is a trading name of Aspire Commercial Finance Limited Registered in England & Wales under No: 09076273 Aspire Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority (690089) also a member of the NACFB (06/0035/CM) Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.