Just Bridging Loans Ltd Director, John Davies, says:
"Mark is well known in the intermediary community and, over the last 25 years, has worked in senior positions for companies such as GE Money, Mortgages PLC and Bank of Scotland, in addition to running his own successful brokerage.
"This makes him ideally qualified to take on the national challenge of demonstrating how our primary solution, PortfolioBuilder, can provide property professionals with up to 100% funding.”
Mark adds:
"The challenge is to help brokers and financial intermediaries understand we aren't just lending on the value of property portfolios; our underwriting decisions are based on a property professional's business model. This can provide the key to unlocking valuable equity without disturbing existing mortgage arrangements or being hampered by restrictive LTVs.”
The Business Barometer also revealed that 42% of SMEs consider accessing finance to be a challenge and a further one in 10 are not confident that they will be able to access the funds they need for investment in the next 12 months.
Mr Dhenin added:
“These figures clearly show that access to finance remains one of the main challenges facing the SME sector. We would urge all businesses to widen their search and consider all the means of funding available to them.
“Asset finance is a sustainable and flexible form of funding that allows firms to either purchase new assets or unlock the capital tied up in their existing assets, providing a cash boost that can be reinvested back into the business.”
