Asset Finance in the UK

What is the field of Asset Finance like in the UK.

Asset Finance began in the UK when the big banks realised business owners needed to acquire assets to grow their business. 

When business owners in the UK look for Asset Finance the first port of call they normally visit is their bank.  If they have a good relationship with the bank then this can be useful and a whole host of UK banks have reputable asset finance divisions.

However, this route may not in fact be the most financially astute - although a lot less hard work - your bank will generally already know what state your business is in - healthy or otherwise - whereas you will have to provide this information to any other organisation who you approach.   By going out to the open market you open up the possibility of more beneficial rates.

Next, most business owners would look at the other major UK banks and financial institutions  to see what is available across the UK market in comparision to their own bank.  This does involve a little bit more hard work as company financial details will have to be presented.

There is a third tier however in the UK, and these are the asset finance brokers.  They are generally not affiliated to any single financial institution - although some are! and it's always best to ask them this question.   The good ones are not affiliated and are completely independent opening up the whole of the UK Asset Finance market to them.

Like a good IFA these indiependent brokers will advise you, and seek out the best deals for your asset finance situation.

Click here for more information or to get a quote.