Supreme Finance Is A Principal Lender Providing Bridging Loans Both In The Uk & Europe

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Supreme Finance Ltd
58 Swan Street
Manchester,
M4 5JU
t: +44 (0) 161 834 2288 | f: +44 (0) 161 832 6067 | e: enquiries@supreme-finance.com |
www.supreme-finance.com

Keywords: Supreme finance, bridging loans, bridging loan, bridging finance, supreme finance reviews, finance,

Supreme Finance is a principal lender providing bridging loans both in the UK & Europe.
Supreme Finance is a corporate lending division of the Supreme Group of Companies. We are lenders not brokers or middle men, and offer loans between £26,000 - £5million on both commercial and residential
applications.
Supreme Finance is your fastest route to finance, with completion possible in a matter of days.
You can have your offer letter available within 24hrs with the help of our in-house legal team.
Supreme Finance can offer extremely fast turnarounds with minimal red tape.
Our many years in bridging finance, enables us to fully understand and meet the requirements of all our clients.
When we receive an enquiry it is immediately assessed and processed by a member of ...
... our highly experienced bridging team.
Supreme Finance has been growing steadily over many years, and has now become a respected market leader for bridging loans and bridging finance.
Each of our client’s circumstances and requirements are of the utmost importance to us, and our aim is to offer the best bridging deals which we can tailor to suit their individual needs.
Supreme Finance specializes in providing a speedy financial service to public and private companies. We can therefore provide bridging loans for commercial, residential & mixed usage developments.
Our experience and excellent service has made Supreme Finance one of the most preferred principal lenders to date.
Supreme’s facilities range from bridging finance, stage payments, and short and long term loans.
Supreme’s advantage is that we offer a high level experienced, flexible and efficient approach in the handling of all our cases.

All products streamlined to suit you
Loans from £26,000 to £10 million

Security accepted on
Retail units/shops
Multi occupancy properties
Flats buy to let/buy to sell
DSS let properties
Non-traditional/defective construction
Land/properties in the UK and Europe
Commercial/semi-commercial properties

High-speed bridging loans
Commercial property purchase
Commercial developments
Residential developments/purchases
Buy to let
New ventures
Investment properties/portfolios
Houses
Land
Industrial Property
Auction Property
Farms
Offices
Flats
Bars & Restaurants
Golf Clubs
And so much more…..

CASE STUDIES FOR SUPREME FINANCE.

HIGHPOINT

MR H IS A WELL KNOWN AND RESPECTED BUSINESSMAN WHO APPROACHED SUPREME FINANCE BECAUSE HE WISHED TO PURCHASE AN OFFICE TOWER BLOCKS IN BRADFORD WITH A VIEW TO CONVERTING IT INTO 122 LUXURY APARTMENTS. THE MARKET VALUE WAS ESTIMATED TO BE
£2,300,000 AND SUPREME FINANCE WERE ABLE TO PROVIDE THE CLIENT WITH BRIDGING FINANCE TO ENABLE HIM TO SECURE THE DEAL. PLANNING WAS GRANTED BY THE LOCAL AUTHORITY AND THE SITE IS NOW ESTIMATED TO BE WORTH IN THE REGION OF £5MILLION

AMPERSAND

SUPREME FINANCE LTD WERE DELIGHTED TO ASSIST IN THE RE-FINANCE OF A TRENDY MANCHESTER NIGHTCLUB WORTH IN THE REGION OF £700,000. AS SUPREME HAVE HAD PREVIOUS EXPERIENCE IN THIS FIELD DUE TO THEIR FINANCING OF THE “THE SUGAR LOUNGE” THIS ENSURED THAT THE DEAL WAS SMOOTHLY TRANSACTED WITHIN THE CLIENTS TIGHT TIME-SCALE.

Companies and people we have helped.

Here are some examples of how we have helped our customers to achieve their business ventures. 18 months ago our client, a prominent business man wanted to buy a hotel for £750,000.
Supreme Finance were able to provide him with £525,000 to enable him to proceed with the purchase. After renovations and much hard work his hotel is now worth in excess of £1.5 million.

Xenon Projects, a Northwest based company approached Supreme Finance Ltd when they needed bridging finance for the purchase of Carrhill Mill. The mill was purchased for £1.8 million and Supreme Finance provided £1.2 million. This project has now been submitted to the planning department for development of 108 apartments, medical centre, convenience store and gymnasium. Planning has been granted and Supreme Finance Ltd are looking to provide further development funding of £4.6 million for completion.

Sugar Lounge, Manchester. Supreme Finance Ltd were happy to help out with the purchase of this well known Manchester night club. On the market for £1 million, Supreme Finance provided the necessary bridging finance. This client has now gone on to purchase another well known night club in Leicester and Supreme have been once again involved in assisting with the funding of this establishment.

This client needed to raise finance for his business in Spain on the security of his second holiday home in Majorca. Supreme Finance provided 500,000 Euros on the property in Majorca over a period of 6 months to enable the client to expand his business using these funds. The loan was repaid within 4 months.

People we have helped.

THOMSON MEWS

MR AND MRS W ARE A VERY HARD WORKING COUPLE WHO ARE EXTREMELY ACTIVE IN THE PROPERTY MARKET AND THEY WANTED HELP IN A DEAL TO PURCHASE SEVEN TOWN-HOUSES IN THE FALLOWFIELD AREA OF MANCHESTER, WHICH WERE IDEAL FOR STUDENT ACCOMMODATION THESE PROPERTIES WERE VALUED AT AROUND £1.7MILLION, AND THIS TRANSACTION WAS CARRIED OUT IN A TOTAL TURNAROUND TIME OF 4 WORKING DAYS. THE PROPERTIES HAVE NOW BEEN FULLY RENOVATED TO A VERY HIGH STANDARD AND ARE GIVING AN EXCELLENT RENTAL YIELD.

CITY TOWER

SUPREME FINANCE WERE CONTACTED BY A FOREIGN PROPERTY INVESTOR WHO HAD AN OPPORTUNITY TO PURCHASE ELEVEN FLATS IN THE PRESTIGIOUS CANARY WHARF AREA OF LONDON. THE TOTAL VALUE OF THE PROPERTIES WAS £5.2MILLION POUNDS SUPREME FINANCE ARRANGED SUBSTANTIAL BRIDGING TO ENSURE THAT THE CLIENT WAS ABLE TO PURCHASE THE PROPERTIES WITHIN THE GIVEN TIME-SCALE EVEN THOUGH HE APPROACHED US AFTER A NOTICE TO COMPLETE WAS ISSUED.

Is Bridging the right choice for you?

Quite often when people are in need of an immediate loan to buy property for commercial or personal reasons, and are not able sell their existing property, they opt for a bridging loan.

Bridging loans are generally taken by people who are in need of immediate financial funding, however because bridging loans are made available very quickly, and because they are short term loans, clients are quite rightly charged higher rates of interest by the lenders.

A small number of unscrupulous lenders, who offer loans with a very high interest rate to people in need of immediate financial help, will very soon face severe scrutiny.

People wishing to buy property with the help of a bridging loan are increasing day by day. This is because it is becoming more difficult to sell property, and they are not able to meet the allotted time scale, therefore they are not able to arrange the required funds to complete their new transaction.
Taking a bridging loan is considered an extreme option by people who are currently paying a mortgage on their present property, and are not able to get a mortgage on the property which they are interested in.
With the increased demand for bridging loans, the number of principal lenders and other financial institutes offering bridging loans are also increasing.
Many of the lenders are often unscrupulous therefore, client’s taking out a bridging loan have very limited protection from this type of lender, who often charge exceptionally high rates of interest.
Reputable bridging companies will always ensure that loans are not made available to people who have very little or no chance of repaying back the loan amount within the allotted time-scale. They will also ensure that brokers are not paid large arrangement fees as incentives.
The respected lenders are trying to ensure that people taking bridging loans are protected from being cheated by unscrupulous lenders and financial institutes.
For more information please contact enquiries@supreme-finance.com

Bridging Loan Rules For Borrower’s Benefits

Quite often when people are in need of an immediate loan to buy a property for commercial or personal reasons, and are not able sell their existing property, they opt for a bridging loan.

Bridging loans are generally taken by people who are in need of immediate financial funding, however, because bridging loans are made available very quickly, and because they are short term loans clients are quite rightly charged a higher rate of interest by the lenders.

A small number of unscrupulous Lenders who offer loans with a very high interest rate to people in need of immediate financial help to buy a property, will very soon face severe scrutiny.

People wishing to buy property with the help of a bridging loan are increasing day by day this is because it is becoming more difficult to sell property, and they are not able to meet the allotted time scale, therefore they are not able to arrange the required funds to complete their new transaction.
Taking a bridging loan is considered as an extreme option by people who are currently paying a mortgage on their present property and are not able to get a mortgage on the property which they are interested in.
With the increased demand for bridging loans, the number of principal lenders and other financial institutes offering bridging loans are also increasing Many of the lenders are often unregulated by the Financial Services Authority. Therefore, borrowers borrowing bridging loans have very limited protection from the unscrupulous firms who charge higher interest rates.
Certain arrangements are being made so that firms meet the mortgage trade body and the Council of Mortgage Lenders, in order to discuss proposals to introduce a voluntary code. This includes an assurance that bridging loans are not made available to people who have very little or no chance of repaying back the loan amount within the allotted time-scale and also that brokers are not paid huge amounts as incentives.
The respected lenders are trying to ensure that people taking bridging loans are protected from being cheated by unscrupulous lenders and financial institutes.

FAQs on Bridging Loans
A Bridging loan is short term finance for those interested in buying property, but still in the process of selling their present property and therefore unable to arrange the funds needed for the purchase of the new property. Bridging loans can in most cases help to bridge the gap between buying a new property and selling you’re existing property. Whether the reason for you wanting to buy is either personal or business you can benefit from a bridging loan from a principal lender.
Here are the answers to some of the frequently asked questions on bridging loans:
1. How do I get a bridging loan quickly?
There are a number of financial institutes and principal lenders on the internet who can provide fast bridging loans. A reputable lender will help you to get a bridging loan quickly, easily and with the minimum of fuss. A list of information needed to obtain a bridging loan can be found below.
• The full name and complete address of the person interested in obtaining the loan.
• The full address of the property which is to be bridged.
• A detailed description of the property and its estimated value.
• Details of the borrower’s solicitors
• The amount of money required for the bridging loan.
• The proposed repayment method of the borrower.
2. What is the next step after applying for the bridging loan?
Once you have applied for a bridging loan, if your application meets with the lenders criteria a decision in principle is given to you. Normally lenders will get back to you with a decision either in writing or over the phone very quickly.
3. How soon after application can the amount be transferred to my account?
A good principal lender can arrange the amount required in a period as short as 48 hrs if a valuation has been carried out and all searches and enquiries are in place.
4. What are the interest rates?
The interest rates of bridging loans are much higher compared to other forms of loans. However, interest rates may vary from lender to lender. There are however, lenders who may provide bridging loans at comparatively lower rates of interest.
5. How much can I borrow?
The amount which you can borrow will depend on the value of the property.
6. How much repayment time will I be given?
Borrowers should always remember that Bridging loans are short term loans. Therefore the repayment times are shorter than other types of loan. The usual loan time is between 1 - 12 months, however, in some cases an extension of time can be granted.
7. What if the repayment is not made on time?
If the repayment is not made within the fixed time period, and no provision has been made with the lender for an extension of time, or if an exit from the bridge cannot be put into place, the lender may as a very last resort have to re-possess the property in order to recoup the outstanding debt, but this step is never taken lightly.

BRIDGING LOANS FOR PROPERTY AUCTIONS
When you attend a property auction you will find properties there which are for residential and commercial purposes. Property auctions provide opportunities to purchasers who are interested in buying either for investment or other purposes.
Property auctions are usually conducted to achieve a quick sale.
If you are buying a property at an auction you need to make a decision on where you want to buy a property and how much money you wish to spend. When you have this information you are then ready to attend the auction.
However, you should always remember that, if you buy a property at a property auction, you are given only 28 days to complete the purchase process.
Before bidding for a property at an auction you need to check the following points:
• Be registered with auctioneers and get a catalogue from them for their forthcoming property auctions.
• Check the property auction guide prices provided in the catalogues.
• If possible always check out the property beforehand before you put a bid in at the auction.
• Hire a solicitor so that you receive proper legal guidance from the very beginning and don’t face any problems later on.
• Be aware about all the special conditions of sale at the property auction.
• Try to attain a surveyor's report before bidding at the property auction.
If you do not wish to attend the auction personally then you have three options in which to bid:
• Appoint someone to attend for you maybe your friend or solicitor, they can then bid on your behalf, but make sure you inform the Property Auctioneer in writing about this beforehand.
• Bids can be made over the phone, but for this option you need to make arrangements with the Auctioneer in advance.
• The last option you have is to bid by proxy. If you choose to do this you will have to register your highest bid with the Auctioneer. You will usually have to put down a deposit of 10% to do this.
Buying a property at an auction can be expensive; therefore if you are short of finance you can use bridging finance.
If you require a bridging loan, it is advisable to get the loan amount approved in advance and not wait until the day of the auction. Principal lenders will provide fast bridging loans within a day or two after your application for the loan. For the fast approval of the loans, you need to provide all the necessary documents along with the application.
Bridging loans are loans which are secured against a property, and are normally a short term fix, and therefore the repayment time is usually between one – twelve months.
Bridging Companies can easily be found on the internet and it is preferable to use a Principal Lender. Loans can be obtained by contacting these companies who will guide you through their easy and quick paperwork in order that you can complete your purchase.