The business plans & forecasts sets out the strategic direction of the business. Without business plans with clear objectives, you will not know where you going. We have expert team of accountants & financial analysts to help you to prepare detailed business plans and forecasts.
Most of the lenders will ask for business plans & cash flow forecasts at the time of application for loans. A good business plans will be a major factor in getting the funds from the banks and financial institutions. So, we help our clients to prepare professional business plans as per the needs of the lenders and underwriters.
New PRA regulation business plans
The new PRA regulation for portfolio landlords from 30 September 2017 made the business plans a requirement for getting any finance. PRA considers landlords with four or more distinct mortgaged buy-to-let properties as portfolio lenders and considers having business characteristics. Under new regulation, lenders will request following information:
- the borrower’s experience in the buy-to-let market and their full portfolio of properties and outstanding mortgages;
- the assets and liabilities of the borrower, including any tax liability
the merits of any new lending in the context of the borrower’s existing buy-to-let portfolio
- historical and future expected cash flows associated with all of the borrower’s properties
- business plans
UK Property Accountants understands the implication of these new PRA regulations and will assist you to prepare relevant documents needed to refinance your existing portfolio or fund new property purchase.
Please call us now on 0207 129 7588 or email us on email@example.com now to discuss how we can help you.