Our product offering Finance solutions designed to support the growth and development of your business
Unlock your potential
At Braemar Finance, our customers are more than just a credit score - we base our lending decisions on the overall health and plans of a business.
We focus on building relationships and understanding the needs of our customers to support their growth and we have a proud history of supporting our customers through all economic cycles.
Our team of experts, who are based across the UK, provide a personalised service and respond to customers’ needs quickly and offer flexible repayment terms ranging from one to seven years, tailored to suit individual business needs.
Specialists in flexible finance
For over 30 years Braemar Finance has been providing funding to:
• Medical professionals - dentists, vets, opticians and pharmacists
• Care, residential and nursing homes
• Funeral directors
• Legal professionals
• Accountants
Hire Purchase
Spread the cost over time
How Hire Purchase works
Hire Purchase is a smart way to acquire the equipment you need for your business because you get to choose, use, and repay the assets over an agreed period, typically over a five to seven year term, or the useful life of the asset.
The regular instalments cover the cost of the asset and the interest. At the end of the Hire Purchase agreement, once all repayments have been made, ownership of the asset is transferred to you.
Who is Hire Purchase for?
Hire Purchase is appropriate for businesses that need to invest in modern, up-to-date equipment while keeping control of their cash flow by knowing what their investments are going to cost them over the long-term, meaning they can budget effectively.
An example of how it can work for you
Imagine you are a dentist and need a new dental chair. Instead of paying for it in full, you opt for a Hire Purchase agreement, which allows you use of the asset while paying it back in agreed monthly instalments. At the end of the agreement, you will own the dental chair outright.
Benefits of Hire Purchase
More time to repay: By spreading the cost over the life of the asset, you can lower the initial up-front payment. This matters because it gives you a long-term view of the fixed monthly payments you will need to make over the term of the agreement, which helps you with your budgeting
Low-start: By starting with lower payments, it gives time for an asset to start paying for itself, matching your cost with your income
Keep control: With Hire Purchase, you’re in charge. It gives you full use and control of the asset throughout the repayment period
Tax efficient: Financing your asset using Hire Purchase can be tax-friendly, offering potential tax benefits
Reclaim VAT: If you’re VAT registered, you may be able to reclaim VAT. For professionals unable to reclaim VAT, we are able to fund the VAT over the term of the agreement, which offers additional cash flow benefits. For more details visit, gov.uk/vat-registration/overview
Subject to eligibility and status. For full terms and conditions visit braemarfinance.co.uk
Leasing
Benefits for the user without the tie of ownership
How Leasing works
Leasing is a type of asset finance that allows you to use the equipment you need without having to buy it outright at the end of the agreement.
You pay us ‘rent’ for the full use of the asset over an agreed term, which can be tailored to your individual circumstances. Over this period, you will pay the full cost of the asset, including interest.
When you reach the end of the agreement, you can choose to:
• Continue to use the asset by payment of a nominal annual sum
• Sell the asset and keep most of the income from the sale
• Return the asset back to us
• Sign a destruction notice if the asset has no economic value and is no longer in use and cannot be resold
Who is Leasing for?
Leasing is for businesses that need equipment but prefer not to purchase it outright.
It’s suitable for companies looking to use equipment, vehicles, or technology without a large upfront cost.
An example of how Leasing could work for you
Imagine you are a medical professional and are in the market for new IT equipment. Instead of buying it, you opt for a lease agreement.
We purchase the equipment and lease it to you, and you pay the agreed monthly rent, covering the equipment’s cost and the interest.
In this case, ownership is not the primary concern because of the rate at which technology progresses, and there is a good chance you will want to replace the asset at the end of the agreement.
Benefits of Leasing
Improve cash flow: You can quickly get the equipment you want without paying a large upfront sum. Instead, payments are broken into monthly instalments
Flexibility: Repayment terms can be tailored to suit your individual circumstances
Cash back: If you choose to sell the asset at the end of the lease, you keep a portion of the income from the sale
Tax efficient: The lease payments you make in any financial year can be offset against your taxable profits
Subject to eligibility and status. For full terms and conditions visit braemarfinance.co.uk
Business Loans
Available to assist when you need funds
How do Business Loans work?
Business Loans are used to fund investment when you need it and can be used for various purposes, including buying into or starting up a new business, a renovation or simply to cover multiple overheads.
Who are Business Loans for?
This product is suitable for those who need the funding to start, grow or manage their business.
An example of how it can work for you
Let’s say you own a care home that needs refurbishment. To fund the renovation project, you look at getting a Business Loan to minimise the impact to your cash flow. It will enable you to purchase multiple elements required from new windows and doors to IT equipment and furniture, under one agreement.
Benefits of Business Loans
Access to capital: It can provide essential funds needed to help your business achieve its objectives, without depleting their cash reserves
Business growth: With additional funds, you can invest in your business to drive growth and increase profitability
Manage cash flow: Lets you spread the cost of large expenses into more manageable fixed monthly payments, allowing you to budget effectively
Flexibility: Repayment terms can be tailored to suit your individual circumstances
Subject to eligibility and status. For full terms and conditions visit braemarfinance.co.uk
Tax Loans
Available to assist with your tax bill
How do Tax Loans work?
Tax Loans are designed to help you manage your cash flow. This unsecured loan works by spreading the cost of your tax bill into more manageable monthly repayments.
We can fund personal tax, corporation tax, capital gains, crossover tax and inheritance tax.
Who are Tax Loans for?
Tax Loans are suitable for businesses and individuals who have tax liabilities and want to spread the cost over a set period.
Benefits of Tax Loans
Timely payment:The loan can be paid into a bank account of your choice or directly to HMRC, allowing you to have your bill paid on time, avoiding any late penalties or charges
Fixed monthly payments: It can help you spread this recurring expense into manageable fixed monthly payments
Flexibility: Repayment terms can be tailored to suit your individual circumstances
Subject to eligibility and status. For full terms and conditions visit braemarfinance.co.uk
Personal Loans
Available to use for virtually any purpose
How do Personal Loans work?
• Personal Loans are unsecured and can be used for virtually any non-business purpose.
• They are designed to suit your individual needs and allow you to budget with confidence because the payments are fixed throughout the term of the agreement.
Who are Personal Loans for?
Personal Loans are for individuals who need to borrow money for various expenses including home improvements, weddings and school fees. Personal Loans provide flexibility, convenience, and financial stability, making them a popular choice for various borrowing needs.
An example of how it could work for you
Let’s say you are a professional who has been offered the opportunity to fulfil a long-held ambition to become a partner by buying a share or stake in the business.
You approach Braemar Finance and we lend you the funds, which you pay back in fixed monthly instalments.
Benefits of Personal Loans
Flexibility: Personal Loans can be used for a wide range of purposes, from debt consolidation to home renovations, giving borrowers the flexibility to address their specific financial needs
Quick access to funds: Funds can usually be paid quickly, sometimes within a few business days
Manage cash flow: Consistent monthly payments over the loan term means you can plan and budget with confidence
Subject to eligibility and status. For full terms and conditions visit braemarfinance.co.uk
Refinance
When you need greater flexibility
How Refinance works
Refinance works by revising or replacing the terms of a single existing credit agreement that you currently have with another provider, which will then be restructured to suit your individual circumstances.
Who is Refinance for?
Refinance is suitable for professionals looking to refinance the current terms of an agreement, including interest rates, payment schedules and/or other terms. Loans and car loans are often considered for Refinance.
An example of how it can work for you
Imagine you are a funeral director that has a hearse on finance, and you are coming to the end of the agreement but have decided you want to keep using the vehicle. A balloon payment is due however rather than paying it in full, you want to spread the cost, and you approach us to Refinance the vehicle.
This option allows you uninterrupted use of the asset and at the end of the Refinance agreement you will own the vehicle outright.
Benefits of Refinance
Pay over a longer time: We will settle the existing finance deal you have with another funder, creating a new agreement at terms that suit your needs and budget
Fixed costs: The costs are fixed, so there won’t be any surprises while you’re repaying the loan
Lower payments: You may be able to secure lower monthly repayment terms, leaving you with more cash to invest in your business
Flexibility: Repayment terms can be tailored to suit your individual circumstances
Subject to eligibility and status. For full terms and conditions visit braemarfinance.co.uk
To speak to your local expert, please get in touch braemarfinance.co.uk
01563 897 545
Braemar Finance is a trading style of Close Brothers Limited (“CBL”). Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm number 124750). Close Brothers Limited is registered in England and Wales (company number 00195626) and its registered office is 10 Crown Place, London, EC2A 4FT.