• 09 Sep

    Invoice Finance Without Being A Homeowner

    Again we have been discussing another prospective invoice finance client that is not a homeowner. Several invoice finance companies now insist on client company directors being homeowners. Thankfully we have factors on our panel that do not insist on this. The whole approach to this is hard to understand. The key security should be the company's book debts, personal guarantees should only be seen as something to ensure the director's cooperation in a failure situation. A person could be in a far better financial position renting rather than have a large mortgage, and what if their home ownership status changes post-take-on? Does the factor terminate? If you are having problems with this issue call Sean on 03330 113622 and he will try to help put you in touch with invoice finance companies that don't require you to be a homeowner.

    By Glenn Blackman

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Examples of funders we work with:

berkeley
skipton
pennyfreedom
time finance
closebrothersinvoicefinance
peak