FAQ Section. Learn More About Our Services

Fundease is a commercial finance comparison site, designed to match users with the most appropriate product or lending solution based on the information given to us. We then (with your permission) ask that provider or broker to contact you at a convenient time to help you proceed as quickly and easily as possible.

Absolutely nothing. Fundease offers a completely free service to help UK businesses find the best deals for them, based on their requirements and circumstances.

Once your enquiry has been submitted, our chosen partner will contact you as soon as possible based on the time you have selected to be contacted. This is typically within 24 hours.

Fundease will not perform any credit checks on a business or its directors. However, providers and brokers can perform checks depending on your circumstances to ensure that affordability is taken into account prior to any finance agreement being offered. In some cases, such as if you are a new business, credit checks may extend to the directors.

This varies by product and the finance provider, but in some cases it is possible to receive your financing on the same day that the offer is made.

Asset finance is a quick and easy way of purchasing different assets for your business, without the need to use up your day-to-day cash flow.

We consider applications from many experienced businesses including sole traders, partnerships, limited liability partnerships and limited companies. Each application is judged on its own individual merit, considering the strength of your business, your experience and future plans so we can tailor the financing to your needs.

Just fill out our quick and simple enquiry form, then let us do the rest!

That depends upon the value of the asset in question, but we offer asset finance comparison for purchases ranging from £5,000 up to £10 million.

Yes. On certain assets the loan to value [LTV] amount can be up to 100% of the total invoice value, excluding the VAT.

Once we have the necessary information from you using our short enquiry forms, we typically have an accurate granted decision for you within 24 to 48 hours.

There is no need to worry. We treat every financing case on its own individual merits and have over 100 separate funding partners that we regularly work with to help find suitable and competitive finance options.

The short-term nature of bridging loans can often mean that the interest paid is typically higher than on a regular mortgage or secured loan. Interest is charged at a monthly rate rather than at an annual percentage rate (APR) because they are designed to only last for a short-term period. For this reason, we ensure our funding partners are always competitive.

A bridging loan can be used for a variety of reasons, including:

To bridge the gap between the sale of an old proper and the purchase of a new one.
To buy property quickly from an auction house, when sometimes you don't have time to organise a traditional mortgage.
To purchase a property which may be non-mortgageable. For example, a property that needs to be refurbished, or have an extension or conversion added. You can then switch to a traditional mortgage once complete.
Property investors use bridging finance to buy refurbished properties, which could be put onto a long term buy-to-let mortgage or even sold on (also known as flipping the property).

Fundease, along with its 100+ partners offer competitive bridging finance for both residential and commercial purchases

Bridging finance is conditional upon the lender and your individual circumstances, but normally we can have a decision in principle to lend within 24 hours.

A business loan is a straightforward way to finance your business. If a business opportunity presents itself, but you need substantial additional funding to take advantage of it, we are ready to help you find the best financing deal available.

Once we have the details about your business and what you require the loan for, we will then approach our panel of lenders. Normally we have offers back within 24 to 48 hours.

You can borrow from £5,000 upwards but there are many different factors that determine how much you can be approved for borrowing when applying for a business loan. Each lender has their own criteria for determining how much they would lend your business.

Some lenders will allow you to make early repayments without charging you a penalty for doing so. However, other lenders may charge you additional early settlement fees if you decide to make early repayments, or even pay back all at once. The easiest way to get a competitive financing quote along with accurate information on repayment terms is to compare business loans with us. With a small amount of information about you and your business we can then offer you the best solution for your circumstances.

Absolutely not. We offer a no obligation service which means that when we get you a competitive offer for your business loan, you do not have to proceed with it unless you choose to. It is only when you have signed the loan agreement and the facility has been drawn down that you are liable for any interest and charges. In most cases, loan offers are valid for 30 days, so you can take your time before deciding to go ahead.

A buy-to-let mortgage is a mortgage for the purchase of a residential property with the specific aim of letting it out to tenants.

A HMO (House of multiple occupation) is a property with multiple tenants who have exclusive access to their rooms and share a common living area such as lounges, kitchens, or bathrooms. The property can be either let as one AST (Assured Shorthold Tenancy) agreement which includes all the tenants, or each tenant can have their own individual AST agreement. Legislation requires that some HMO properties are licensed by your local authority, so it is important to check this information prior to letting the property.

All lenders have different criteria around the number of mortgages you can hold with them. This depends upon the lender's appetite for risk and maximum amount of borrowing available with them. We work with over 100 different partners which gives us the best chance to facilitate your lending requirements.

Unfortunately not in most cases. Buy-to-let mortgages are only available for properties which are habitable immediately. If the property you're purchasing requires improvement work before it can be let out, then you may have to take out a bridging or refurbishment finance loan. Once the work is complete you can then refinance the property using a buy-to-let mortgage.

Deposits vary across our lending partners and in some cases it is possible to get a buy-to-let mortgage with a deposit of as little as 15%. However, borrowing rates typically become much more competitive with a deposit of 25% or more.

No. You can have as many buy-to-let properties as you like or can afford. Most mainstream lenders will limit the amount of buy-to-let properties or borrowing to a company or individual, to limit that lender's own risk. Most landlords use a specialist buy-to-let mortgage broker to help them source funding for their growing property portfolios, which we facilitate based on your circumstances.

A commercial mortgage is for the purchase or refinance of a property or land which is solely for commercial and business use.

Commercial mortgages are typically used for business purposes. Anybody from a sole trader, LLP, partnership or limited company including SPV's can apply for a commercial mortgage with us.

Different lenders will have their own eligibility checks, but typically these would include the following:

Business cash flow.
Latest trading accounts.
3/6 months bank statements.
Projected business income.
Ability to pay the deposit along with proof of funds.

The minimum loan size depends on the lender, but can start from 50,000 anywhere up to and beyond £25 million. Typical repayment terms are spread over a period up to 25 years.

This can vary between lenders, but typically a commercial mortgage can be used for the below properties:

Shops.
Offices.
Factories.
Warehouse.
Restaurants.
B&Bs.
Mixed-use properties.

Development finance is a specialist type of secured loan issued for the purpose of constructing, converting, renovating and refurbishing properties. It is a short-term lending facility designed to be repaid within around 18 months of the issue date. Like many types of specialist commercial and development loans, development finance is typically granted to experienced developers and construction companies only.

Development finance differs from a conventional mortgage in that the lender considers the estimated GDV (gross development value) of the completed project. The process typically works as below:

The developer would submit an application to include full disclosure of their requirements for the project.
The lender will look to make an offer typically up to 85% LTV
Funds from the agreed credit facility are released in stage payments tied to completion of key product stages.
Interest is charged monthly and can be rolled up (along with fees) with the original capital to be paid upon completion of the property(s).

Development finance is used by experienced developers and construction companies who would prefer not to tie up their own capital in their projects. This allows them to operate multiple projects simultaneously.

After completing our short comparison form, our partner will need to see at least some of the following items:

Purchase price of the property or land.
Expected GDV (gross development value).
Breakdown of your building/renovation costs.
Expected time scale off the project.
Copy of your planning permission.
Details of relevant people involved in your project architect, project manager, builder etc.
Copy of your CV to include previous development experience.

Invoice finance, also known as invoice factoring or invoice discounting is another method of finance used by many businesses to raise funds. This frees you up to concentrate on growing your business whilst getting paid faster for your products or services.

Instead of waiting for 30, 60 or even 90 days to receive payment from customers, invoice finance allows you to borrow money quickly against their value, with a fast turnaround and no risk to assets.

Typically our customers can borrow up to 100% of the total value of their invoices up to a maximum of £1,000,000.

In many cases funds are released in as little as 24 hours of the raising of an invoice, helping to quickly take the pressure off by improving cash flow.

Invoice finance allows your business to realise cash it is already owed much quicker, improving cash flow whilst reducing the risk of bad debt or late repayments from B2B customers.

A merchant cash advance is an advance or unsecured loan taken out against the future projected card sales of your business.

You can borrow up to 50% of your monthly revenue generated from card payments up to the value of £1,000,000.

Rather than set monthly amounts, a merchant cash advance is repaid using a pre-agreed percentage of your future card payments until the amount is repaid.

This is completely up to you. This could be to cover cash flow, new hires, replacement equipment, stock purchases or expanding operations to name a few examples.

Not at all! You can also use a merchant cash advance to borrow against income through your ecommerce website if you sell online and pay back a small percentage each time a buyer purchases online.

Frequently asked questions

General FAQs

Asset finance

Bridging loans

Business loans

Buy-to-let finance

Commercial mortgages

Development finance

Invoice finance

Merchant cash advance