Common Questions About Property Finance
Are you regulated?
Yes we are fully authorised and regulated by the FCA, our FCA number is 815900.
What does a property finance broker do?
A property finance broker works with clients to help them buy, renovate, build or convert residential and commercial properties. Acting as the intermediary between clients and lenders, our team of brokers work as a trusted partner to support ambitious professionals with the right financing solution.
Why use Finspace?
Finspace is a trusted property finance broker in London specialising in property development, short-term financing, acquisition funding, and refinancing. We holistically help property professionals overcome financial challenges, with innovative solutions that lead to successful outcomes.
Take a look at our case studies to see the sort of projects we’ve been involved in - the majority of our clients come back again, because we work quickly and effectively to support their ever-changing needs.
Client success is at the heart of everything we do and if you’d like to find out how we can help you, do get in touch.
What type of property loans do you arrange?
Finspace specialises in development finance, bridging loans, acquisition funding for commercial and residential properties, and re-financing. For more information, take a look at our services or get in touch with us via call or email.
Can you fund all of my renovation / build costs?
Yes, depending on the circumstances, most lenders will fund this, and where appropriate, we will look to get this arranged for any renovation or construction costs.
What is the application process like?
Step 1: An initial consultation in which we gather the necessary information about you, your background, and the project for which funds are required.
Step 2: We take that information and apply our years of experience and knowledge to narrow down suitable lenders and solutions.
Step 3: We negotiate preliminary terms with prospective lenders and then present these options to you.
Step 4: We will discuss the pros and cons of each lender (add selected or chosen), and we can decide between us which solutions we wish to pursue.
Step 5: We further negotiate the overall package, including pricing, loan structure, loan covenants, timing, documentary requirements, and so on.
Step 6: We present you with the best solution, and you decide whether or not to proceed.
Step 7: If you decide to proceed with an application, we will agree on engagement terms, and our team will then manage the entire process from there.
Step 8: Completion - once all legalities have been finalised the funds are released to the borrower.
Do you charge fees?
Our fees and charging structure will always be outlined to you in our first contact. We are generally compensated by the lenders on our panel; however, for loans under £200k for bridging and development finance, a brokerage fee may be applied. Our fee for all commercial mortgage enquiries roughly begins at £995.
How many lenders do you have access to?
The actual number is always changing, but it would typically be more than 130+ different lenders across all UK sectors. All the lenders we work with are registered and regulated by the Financial Conduct Authority, and they have significant funds available to lend.
As brokers, we can look on your behalf to help connect you to the right lenders for your individual case, presenting you in the best light so you can have the most successful outcome.
Can you suggest solicitors?
We have a compelling panel of fully accredited solicitors who are experts in UK property law, with a breadth of knowledge and responsiveness to bridging and development. We are not compensated for recommending them, but we are committed to providing you with excellent, straightforward service, and we work best when we collaborate with solicitors we know. If you have any questions about our solicitors, please contact us.
Can you suggest solicitors?
We have a compelling panel of fully accredited solicitors who are experts in UK property law, with a breadth of knowledge and responsiveness to bridging and development. We are not compensated for recommending them, but we are committed to providing you with excellent, straightforward service, and we work best when we collaborate with solicitors we know. If you have any questions about our solicitors, please contact us.
Who are your clients
From ambitious first-timers, seasoned developers, investors, business owners and HNWIs, our client base is broad and covers most of the UK.