WBR Group has strengthen its SSAS lending options as it partners with finance brokerage Commercial Sense Limited.
The partnership will enhance the range of lending services that the group is able to offer advisers and their clients.
The group said a SSAS can offer alternative sources of finance for those firms needing a cash injection to grow to their full potential or to purchase a commercial property.
However, SSAS lending is notoriously complicated, and many lenders do not fully understand the structure of a SSAS. And this can mean delays and frustration for advisers and their clients.
The Leicester-based group said its partnership with Commercial Sense will address that challenge as the latter uses its extensive experience and expertise to support WBR clients by matching them with the right lender.
Commercial Sense will primarily focus on SSAS borrowings secured against commercial property.
The group also said Commercial Sense as a partner brings a wealth of experience in all types of commercial finance from property development finance, bridging loans and asset finance to working capital solutions such as invoice discounting and trade finance.
It added that Commercial Sense has a direct relationship with a business development manager at each lender and can provide a response from lenders within 48 hours as to whether they believe they can support with indicative pricing and terms.
And this will speed up the process and ensure clients get the information they need in a clear and timely fashion.
WBR Group chief commercial officer David Santaney said:“Looking for the right lender is time consuming, and when there is a delay there is a danger that the desired property can be lost. Through Commercial Sense’s intimate knowledge of the sector, we will be able to offer clients a very quick indication as to whether an outline proposal will be viable.
“We can then support the transaction from start to finish, helping clients right through the process. Lenders’ criteria are forever changing so this additional layer of expertise enhances our offering as leaders in the SSAS field.”
Commercial Sense Limited appointed representative David Whitehead added: “Finding a bank willing to lend to a SSAS can be very difficult for clients. We have access to over 20 lenders that have an appetite to lend to pension schemes and so the client only has to share details of their plans once and then we go out to those lenders we believe can support, thus saving the client precious time.”