Articles from April 2016



Bridging finance- great interest rates available

Wise Money is pleased to be offering competitive bridging finance at only 0.6% interest rates per month.

Wise Money is pleased to be offering competitive bridging finance at only 0.6% interest rates per month

Wise Money is part of a select group who have access to a Bridge that offers a monthly rate of 0.60%. There is a substantial but limited “test the water” fund, on a first come first served basis. You will also note that the lending criteria is quite a bit “tighter” than you would usually expect but this is driven by the lower rate.

Bridging Finance Product information

Maximum Loan to Vlaue: 50%
Minimum Loan Size: £100,000
Maximum Loan Size: £3,000,000
Length of the Term: 12 months maximum
Minimum property value: £200,000 per property
Interest Rate: 0.60% per calendar month
Administration fee: £350

Bridging Finance Underwriting Criteria

No works to be done to the property with our money (can use your own)
No off shore companies
No first time landlords
Purchases or refinances
No adverse credit in the last 3 years
You must have net assets of £500,000 (excluding marital home)
You must earn minimum of £30,000 (provable for employed via 2 x payslips and bank statements showing credits. If you are self employed SA302 or 3 x bank statements showing income being received)
3 months bank statements on all cases

Once again there are limited funds for this product so cases will be accepted on a first come, first served basis.

If you have any bridging finance enquiries, please call our team for a free, confidential and no obligation discussion on 0800 0147798 asking for the Wise Money. Com Service NOW!

Buy To Let BTL finance difficult or complex situations

Buy To Let (BTL) finance for people in difficult or complex situations

Buy To Let (BTL) finance for people in difficult or complex situationsWhen the high street says no, it doesn’t mean the case can’t be placed. Wise Money specialises in difficult and complex BTLs and can place the following unusual application types:

  • Ex-patriots
  • Complex corporate structures, Ltd’s, LLP’s, partnerships, trusts and SIPPs
  • First-time landlords
  • Adverse can be considered
  • HMO’s, light refurb properties, holiday-lets, multi-lets, commercial, etc.

We have many products to suit:

  • Up to 85%
  • Rates from 2.89%
  • Interest only products
  • England, Scotland & Wales

If you have any BTL, Commercial or bridging enquiries, please call our team on 0800 0147798 asking for the Wise Money Service
Please just click on the Get Started button- or fill out the free, no obligation form below:get started

Please just click on the Get Started button- or fill out the free, no obligation form below:get started

Buy To Let Mortgages for the retired

Buy To Let (BTL) mortgages for the retired and retirees.

Buy To Let (BTL) mortgages for the retired and retirees.

If you would like to purchase BTL properties but are struggling to find finance, Wise Money has access to products for applicants up to the age of 80 with a maximum term of up to 30 years (this includes Homes of Multiple Occupancy and Limited Companies).

Applicants to age 80
Rates start from 3.29%
Up to 80% LTV
No minimum income up to £1 million loan
Interest-only option available

If so then please just click on the Get Started button- or fill out the free, no obligation form below:get started

Please just click on the Get Started button- or fill out the free, no obligation form below:get started

New car sales greater than expected

The new car sales figures surprised with the Society of Motor Manufacturers and Traders announcing a huge number of cars had been sold in March- the highest numbers since 1999.

The new car sales figures surprisedwith the Society of Motor Manufacturers and Traders announcing a huge number of cars had been sold in March- the highest numbers since 1999

Although March is notorious for its strong numbers, the amount which were sold had surprised some. The sector’s improvement is welcoming for the UK economy as GBP took a further nose dive yesterday against its major currency pairings as the EU Referendum inches closer.

It looks as if the voting will be fairly tight, with there now being a real possibility of a ‘Brexit’ causing uncertainty with investors and taking some of the back bone away from the pound recently.

Uncertain economic outlook

Last night the FOMC Minutes for March suggested a mixed review with regards to another possible rate hike in April. With global economic uncertainty but better domestic data, the 12 members didn’t see eye to eye which could suggest a rate hike at the end of Q1 is unlikely.

Car and vehicle finance

If you are looking to buy a car, van or vehicle and are struggling to find the finance, then please contact us on the Get Started button- or fill out the free, no obligation form below:get started

Business finance to help your business take off

Looking to expand your business? Need some working capital? Buying some machinery, equipment or vehicles?

Looking to expand your business? Need some working capital? Buying some machinery, equipment or vehicles?Wise Money are pleased to announce we have access to an innovative provider of business loans from £5,000 to £1 million. They provide a quick and simple service, with a decision typically made in a couple of days and funds transferred soon after.

Loans can be used for almost all business purposes: unsecured loans from £5,000 – £250,000, secured loans from £100,000 – £1million, asset finance and property finance (up to £3million).

✔ Interest rates from 6% (average annual interest rate of 9.4%*)

✔ Fixed rate, monthly repayment loans from 6 months to 5 years

✔ No application fees – only pay on acceptance

✔ No early repayment charges, settle any time

✔ No business plans or forecasts required

What can you use this loan for?

  • Working capital
  • Asset purchase
  • Liability payments
  • Expansion and growth
  • Most purposes

Does your company have two years of trading history?

Is your business stable and creditworthy?
Do you have a UK resident Director?
If YES to the above, apply for a loan today!

Business must be able to afford the loan and will be assessed for approval at time of application.

Please just click on the Get Started button- or fill out the free, no obligation form below:get started