What is it?
Invoice financing is a facility for businesses which releases up to 90% of an invoice value within 24 hours of the invoice being raised. It bridges the gap between raising invoices and waiting to be paid. It is usually used as a cash advance for a business.
It allows businesses great flexibility, helping with cash flow & business growth.
Uses of Invoice Finance
- New start ups
- Supporting growth
- Purchasing business premises
- Helping fund management buy outs, mergers, acquisitions
- Overcoming a restrictive overdraft limit.
Investors looking to take out a HMO mortgage under the name of a limited company should refer to our Limited Companies / Special Purpose Vehicles section.
Putting a lock on every room is not the same as an HMO. If you do not ensure that your property is HMO-specific, valuers and lenders may only see it as having the value of the family home it once was.
It is particularly important with HMOs to make sure it is a high quality property in order to get the desired long term return on investment.
Be aware of local council legislation, for example where there is an Article 4 Direction in the area. This will impact on the planning permissions needed for conversion into an HMO.