Meet Nick Webb, property finance broker at Newable Finance
Tell us about your business?
We are on a mission to help landlords, investors and developers get the best financial advice and service.
With combined experience of 300 years across 20 advisors, our advisory team will work with you to find the best finance for your needs, providing free and independent advice on your property portfolio.
Our 150+ specialist and handpicked lender panel specialise in complex, out-of-normal criteria lending and time critical cases.
Where are you based and where do you operate geographically?
Our head office is based in the City of London, with advisors based across the UK. We operate nationwide. We also have a brand new office opening soon in Bournemouth.
What are the main issues impacting your local market?
One of the main issues facing many clients looking for bridging finance or development finance is the rising costs associated with building materials, clients also have to factor in contingencies for their projects, so they do not overrun on expenses.
The other main issue facing not only the local markets but national too, is that a lot of auction websites are becoming more available online and many agents are taking properties that are in high demand to sealed bids. Most recently, I helped a client acquire a property which we later found out had over 60+ sealed bids.
What challenges are you facing as a broker?
Today’s market is ever expanding and keeping up with all the new lenders and new products on the market is challenging but a must for every good broker. It really comes in handy when you need to tap into local knowledge to see the prices these properties are likely to go for, so you can best advise a buyer.
What are the main opportunities for brokers in your area and nationally?
With more people looking online for bridging finance, it is fast becoming a mainstream way to fund purchases, development projects and auction purchases. As a brokerage, Newable Finance has an established internet presence which is helpful for clients as the team are able to chat through cases with clients, provide advice and answer initial questions people may have when looking at property projects.
That personal touch at the beginning makes the world of difference and a lot of clients have recently commented on how helpful it was for them. We also offer a 24/7 live chat service on Bridging Finance and EPC Finance, making it even easier for our prospective clients to get in touch.
What could lenders do to help further your business?
Lenders are becoming more and more flexible and offering quicker and more competitive rates along with higher loan-to-value (LTV) ratios. More lenders joining this pool of business would make the market more competitive and thus better for all brokers and clients.
What sets you apart from the competition?
We provide outstanding levels of client service, 24/7. Rated 4.9/5 on Trustpilot.
With combined experience of 300 years, our advisory team will work with you to find the best finance for your needs, providing advice on your portfolio.
With our quick finance, outstanding communication and free independent advice, you can trust us to get you the most competitive deal on the market.
How should potential borrowers contact you?
Borrowers can contact us on the finance homepage or specific product pages, which you can find by scrolling down the homepage.
Email us at [email protected] or you can email me directly on [email protected] and I will be happy to call back and go through the case scenario with the client and help where I can.