News from Bricks

Benefits of Working with a Broker When Seeking Short Term Finance

Published by Jerry Rihll, Jan 2021

With the extinction of our local high street bank manager, who we knew and who knew us, what is the best way to find the right finance today?

Finance brokers have become a premium source of funding solutions and there is plenty of choice. Many have their own specialisms and it can be daunting if it’s not something you do regularly.

Bricks Finance works with the best brokers across the region and if you live in the South of England and Wales, this is our guide to finding the right one for you.

Choosing a broker: An experienced finance broker will have access to whole of market of lenders and the experience to assess each lender’s specialisms, lending criteria, pricing structure and repayment options. The right broker will take the time to understand your needs, so that they can focus on sourcing the most bespoke and competitive short-term loan for you.

The cheapest lending product may not necessarily be the right one for you as it may lack in other areas that are critical to your particular funding need – for example, complexity of the funding structure, lengthy processes that threaten critical deadlines, flexibility, etc. A broker’s experience of respective lenders can be invaluable in identifying the right overall solution for you.

Once appropriate lenders are identified, you will want to maximise your chances of securing an early funding offer that meets your specific needs with the minimum of hurdles to overcome. An experienced broker will be able to assess key risk areas, suggest appropriate options and produce a balanced assessment of the request.

Sharing the load: Brokers can then take care of the application paperwork and present a proposal that speaks the lender’s language, highlighting all the relevant opportunities, risks and mitigation. This eases the lenders credit decision and invariably leads to quicker funding offer with the minimum of restrictive terms and conditions.

At Bricks Finance we love working with brokers and 70% of our short-term loans are originated that way. We find brokers can really add value for clients by understanding the risks and what we as a lender need to underwrite the funding successfully.

Click the Contact us button for more information.

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Experience, standing by you

Clive Banks

founder and investor

Will Michelmore

founder and investor

Jerry Rihll

founder and investor

Tracey Abbott

head of lending

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What our customers say

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Oli, Property Developer

Devon

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Thank you so much for everything you have done to help us secure this purchase. We are finally looking forward to a good night's sleep now!"

Stuart and Emma, Dream Home Purchase

Devon

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Nick, Solar Energy Park

Somerset

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Darren, Land Purchase

Monmouthshire

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Dorset

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When the guys from Bricks say they are going to back you they do, and it has been a real pleasure partnering with them on this project."

Matt, Property Development

Devon

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Jon, Property Development

Somerset

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I’d really recommend Bricks Finance for anyone who needs to raise finance. They just allow you to get on and make things a success."

Dave and David, Property Development

Devon

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I will be forever indebted to you all (thankfully no longer financially!) for taking a punt on somebody looking for a leg up in a new industry."

Alex, Forest Holiday Village Development

Cornwall

Land Finance

We found like-minded people who were prepared to take the time to understand our business and support our student accommodation in Exeter."

Angus & Alison, Landlords

Devon

Landlord Mortgage

I feel like Bricks is part of our team and wants a successful outcome for us as much as we want it."

Sam, Property Development

Devon

Property Development Loan

Having used Bricks myself, I now feel comfortable referring clients who have similar needs. The beauty of Bricks is their speed, flexibility and being FCA regulated so they can provide regulated and unregulated loans."

Geoff, Finance Broker

Somerset

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Bricks are so easy to deal with; they get involved and take an interest in the project all the way to completion."

David, Finance Broker

Cornwall

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We’d love to hear from you. Whatever your enquiry give us a ring or send us an email and we’ll respond as soon as possible.

Bricks Finance Ltd

Winslade Park

Manor Drive

Exeter, EX5 1FY

United Kingdom

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