Snowdon Property FinanceFAQs
Please click here to contact us with other enquiries
Some common questions asked by our clients
- Why use Snowdon Property Finance?
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We have over 20 years experience of arranging finance for all types of clients.
We have extensive contacts with the decision makers within Banks, insurance companies and finance houses.
We get paid for delivering and the success of our ability to package the right finance helps our clients grow and meet their own strategic investment returns and profit targets.
- What area do you cover?
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We are based in Sussex , but our clients are spread throughout the Home Counties and London.
Our clients have assets in the UK and Europe and we have assisted with financing throughout Europe and elsewhere.
- How much can I borrow ?
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We have a proven track record of placing deals with debt requirements ranging from £100,000 to £50m
- How much contribution do I need ?
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Whilst we will look to maximise leverage where the deal can support it , appetite for aggressive leverage has reduced and equity contribution is expected in most deals.
However, there still remain structures where we can keep equity to the minimum
- How much will it cost to raise the money?
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The fee will reflect the circumstances and complexity of each case. There will be no charge for an initial meeting however if we both believe that there is a workable and deliverable finance solution a modest commitment fee will then become payable after that. The remainder of the fee will be payable on acceptance of a loan offer or on drawdown of the loan.
Fees will be properly negotiated and disclosed to clients . Snowdon Property Finance will also disclose to clients where it is to receive a procurement fee from the lender - What interest rates will the Banks charge?
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Click here to see current base rates
Residential and Commercial investment transactions typically have a lower risk profile and as such, rates of chargeable interest reflect this.Development finance is currently more expensive
- Is 100% development finance still possible?
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Yes in the right circumstances .
There needs to be robust mitigants and typically the costs will be higher
- Am I under any obligation to proceed?
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No.
We would only look to move matters forward if we jointly believed that a deal could be concluded and only at that stage would there be a commitment fee payable.
- Do I have to complete an application form ?
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No.
The challenging conditions currently prevalent in the financial sector, largely rule out any ‘off the peg’ funding . We believe that a deeper understanding of clients needs and circumstances is needed, and this is best achieved from an initial meeting and discussion. The extent of further information required for any financing solution package will be determined following this initial discussion
