How to get Company Data for Commercial Finance Brokers

4 years ago

Content

Commercial finance brokers are essential in modern-day industry and business because they review the market thoroughly to get business owners’ and directors’ sources of traditional and alternative finance. They can make all the difference for your business when it comes to finding the best type of financial product available for you.

There are many commercial finance brokers in the UK. In this blog, we are going to understand the role of a finance broker. And how company data for finance brokers helps business owners with their financial needs.

What is a commercial finance broker?

Commercial finance brokers are people who get you the best financial solution which will also meet your exact needs. Finance brokers act as a mediator between you and the lender. Now, let us suppose that you want to enquire about a mortgage. So, you go to your bank or go online to check various rates on comparison websites to figure out the best rates that will work for you.

On the contrary, it is highly unlikely that you will nail the best rate this way. Enlist the help of a commercial finance broker they go a step further to get a product which will suit your requirements and get you the best possible rates. They can do that using their contacts with various financial lenders.

Why do you need a commercial finance broker?

It is more complex to arrange for commercial finance deals than residential ones. The reason for this is that a good broker can tell exactly which kind of finance is suitable for a particular business sector or a business. As a result, they can easily help you with finding suitable commercial lenders that can perfectly suit your individual business needs.

Therefore, a commercial finance broker will essentially save you a lot of time and effort, which you otherwise would have to invest in chasing banks that may not even be interested in dealing with you. Some lenders only talk directly with brokers, and hence, a broker usually will have more access to a more significant number of lenders.

It is of utmost importance for commercial finance brokers to have access to relevant and valuable corporate land registry data in order to succeed in the commercial real estate industry/ market. In order to achieve the right target and meet your desired goal, there are expert services available for commercial finance brokers.

These services encompass offering a comprehensive and full inventory and report of corporate land data for finance brokers. It can help scrutinise commercial lands and properties throughout the UK, including England and Wales.

How to find company data for commercial finance brokers?

It is easy for commercial brokers to find corporate land registry data. HM land registry holds records of data on commercial properties in England and Wales. The legal owner of such UK properties is a corporate body, a UK, or an overseas company.

Therefore, it is possible for finance brokers to analyse the register of companies, especially if they’re looking for who owns a particular property or land in the UK.

Data for finance brokers can be collected from public records and property or land in the UK is registered with the Land Registry. Corporate land registry data for finance brokers will generally include information about a few ones.

Such as the current registered and legal owner of the land, previous owners, their rights and charges since the date the land was first consolidated in the Land Registry.

Why is it essential to have corporate land registry data for finance brokers?

A business can own or have a charge over more than one land or property and you can get a list or report of all those lands or properties that the particular business owns. The finance brokers have made it easier for companies and businesses to buy, rent, manage, and build corporate land and property in England and Wales.

The new land registry project named Digital Street has already started taking care of making selling and buying properties quicker, easier, simpler and cheaper. After all, we know that technological advancement, digitization and big data analytics is going to make the process a lot easier than it was ever before.

Therefore, if you are looking for conducting a thorough and full corporate land registry data for commercial finance brokers, expert data searching companies like DataGardener can help you carry out a thorough property search for you and derive valuable insights to help you make a well-informed decision.

These methods can enable you to employ a much more effective and simpler process of choosing your commercial lender, strategic planning, property acquisition and arriving at the best possible rate for your desired deal. There is a broad array of company data including the snapshots of all the legal property owners and the holdings of the lenders.

As a result, you can have in-depth information about commercial properties, mortgages, and individual ownership details. It can also involve deed documents and mortgages across the primary markets in the UK.

Conclusion

The land registry is a resourceful source to find out the group of rights that comes with the ownership of corporate property. It is possible for finance brokers to scrutinise this from the register of companies that own a particular property or land in the UK.

Therefore, it is much easier to carry out a successful search for company data for finance brokers because there is help available to conduct the research and therefore, it can save a lot of time and money.

In fact, some lenders are inclined to work exclusively with brokers and they tend to rely on the brokers to get them suitable clients.