Fintech Part 2 – Examples of Disruption of Financial Services
Financial Innovation is a long term dynamic, with aggregate advances reacting to developments in the financial sector. Those developments can take a number of forms, driving differing forms of innovation both by way of incremental change and total paradigm shift. Laws and Regulations can change over time in different jurisdictions driving innovation and opportunity. For […]
Fintech Part 1 – Technology and the Future of Finance
It is 2027 and you need to do some banking. You raise your wrist, say ‘bank’ and your smartwatch scans your retina to biometrically authenticate your identity through your self-controlled blockchain identity passport. The bank has access to your profile and you update the check annually. Passwords are archaic. Your device syncs with your smart […]
BFS Provides £450k Self Build Finance to First Time Developers
A couple in their 50’s with no property development experience working in the hotel and leisure sector. Between them, the couple owned their own home and a significant pension, but no other property. Their home had a significant plot of land attached and they were looking to downsize as their children had left home and […]
Short Term Funding Raises Capital for Chester Property Developers
A broker referred some property developer clients based in Chester who were looking for a bridging loan via their Limited Liability Partnership (LLP) to pay off the balance of a development finance facility and raise capital to assist with the purchase of a further development site. The clients had a fully completed development of 12 […]
£250k Bridging Finance Loan Generates Cash Flow for Accountant’s Client
A firm of accountants in Birmingham referred an experienced client who was in the process of setting up a laser precision cutting business. He urgently required c.£250,000 both to purchase materials to supply an urgent order to a motor manufacturer in order to complete the company’s first contract, as well as to assist with general […]
BFS Short Term Funding Clears HMRC Payment
A firm of accountants in Norwich approached BFS to help a client who, together with some members of his family, runs a well-established limousine business. The fleet of cars is “refreshed” at regular intervals and the business required short term funding to facilitate the most recent set of new car leases. The client’s bank was […]
Short Term Funding Helps Widow Purchase Apartment
BFS was approached by a firm of solicitors to assist a family where the widowed mother was purchasing an apartment in a new luxury development in Newcastle, and the completion date agreed was within 18 days. The late husband’s estate was in probate, but there were two family trusts through whose trustees the property was […]
BFS Development Finance Converts Victorian Property to 6 Bed HMO
A high street bank referred a property conversion application that was not immediately income producing, needed to complete within 15 days as it had been purchased at auction, and was below the appetite of the bank in respect of loan size of the conversion/development transaction. The Sheffield property which had previously been used as a […]
Self Build Finance Converts Uninhabitable Property Manchester
A mortgage broker referred a landlord with little experience of residential refurbishment, to complete the renovation of a five-bed terraced house in Manchester. The client had bought the property with the help of private funds but had run out of time to complete the work. They had applied for a buy to let mortgage but […]
BFS Provides £1.1m Development Finance for Mixed Use Development
A client was referred to BFS by a firm of surveyors, who was looking to secure funding to secure a semi-derelict building in Harrogate, North Yorkshire, comprising of ground floor retail and office units over 3 floors above, with land to the rear of the premises. Permitted development rights were applicable to the conversion of […]
