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Guide to Residential bridging finance

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Guide to Residential bridging finance

Bridging finance exists to plug the financial gap for property transactions. It is commonly used with residential property purchases such as:

1. When a chain exists and the borrower wants to buy their next property before their existing one is sold.
2. When a buyer is purchasing a property from an auction
3. In any circumstance where the borrower needs access to rapid property finance, with the minimum of paperwork or hassle.
4. Where a residential property needs refurbishment before being sold.
5. Where a traditional mortgage cannot be taken out on a property, such as a residential property that is unfit for human habitation, pending remedial works. What sorts of features do residential bridging loans have?

Generous loan sums
Typically, residential bridging finance will be on offer from around £250k, depending on the lender, and up to £50 million or even more. Most bridging loans can also be taken out with a property LTV of around 80%. Other features such as open market valuations may be on offer.

Short timescales
Bridging finance is usually offered from one month to 18 months. These are not long-term loans, such as a mortgage, and the short timescale is reflected in the higher interest rate.

Offered on an experience basis
Many bridging loans are offered on receipt of a business case, redemption plan or other types of evidence that show how the finance will be used, what the plan is to repay it and that the plan for doing so is workable and in line with the lender’s risk profile. For example, more experienced property developers will naturally be able to borrow larger bridging loans at short notice than a first-time auction buyer. Speak to your broker to present your case in the best possible way, so that lenders can offer you the best deal. At Hans Zarihs we do this for all of our clients so that they can receive the right bridging loan offers for their needs. We are always clear, transparent and helpful – providing tailored illustrations and all necessary information to help with decision-making. Whatever queries you might have, we are here to assist.

Specialist lenders
Asking where can I get a bridging loan? The answer is probably with a specialist provider, accessed via a broker. Most residential bridging finance is offered via specialist brokers who work with a panel of property-focused lenders. This is a niche product that tends to be used by more experienced and sophisticated borrowers who are either developing their own property through auction or refurbishment means, who want to build a property portfolio or who are expanding a portfolio using a range of financial tools. A specialist broker, such as Hans Zarihs, will provide:

– Access to a large tried and tested panel of bridging finance lenders for residential bridging loans
– A rapid process with only a short form to receive initial quotes and offers
– Generous and flexible terms, designed around the customer
– A visible commitment to customer service
– Excellent reviews and a trusted track record.

Bridging finance: Tips for borrowers

Bridging loans are a specialty finance project and new borrowers should proceed with caution if they are new to property finance or development, or are unclear about the features of this short-term bridging finance product. Tips for success include:

Find the right bridging loan lender
Many borrowers will use a bridging finance broker because this type of product isn’t usually available through a high street lender. Look for a broker who can provide access to best in class lenders – many of whom will only offer finance through brokers and who don’t deal directly with customers. Find a broker with a large panel of trusted lenders and experience in the field. A fast process and ready access to funding, without lots of paperwork or hassle, is also crucial for most borrowers!

Calculate fees
Look out for a bridging finance provider that offers options for zero exit fee bridging loans. Exit fees can be expensive and are charged on top of the bridging finance administration fee and interest charges. Use the online bridging loan calculator at Hans Zarihs to see the effect that different interest rates, loan terms, and fees have on the total cost of borrowing. This total cost is important when weighing up different products.

Check for flexible bridging finance features
Look out too for flexible features such as the ability to roll over, deduct or service interest payments depending on your needs. Open and closed bridging finance deals may also be of interest to you, depending on whether you expect to be receiving sale proceeds or a mortgage income at a certain defined point, or you wish to keep the bridging loan facility open on a more flexible basis, pending confirmation of your redemption arrangements.

Look for great service
A good bridging loan broker or provider will always be committed to great customer service and will take the time to explain unfamiliar terms and to ascertain your individual needs in order to provide the right product. At Hans Zarihs, we only need a few minutes to gather all relevant information in order to send you an instant range of bridging loan quotes from a large panel of tried and tested lenders. The finance process is then extremely quick and we manage it for from start to finish, packaging up your application and managing the paperwork for your lenders so that you don’t need to spend lots of time on form-filling!

Speed and efficiency
We have also invested in the latest digital systems that allow us to operate on a slick, efficient and fast basis for the benefit of our customers. Not only does it just take around 20 minutes to return your personalized list of bridging loan quotes from our panel, once you submit your needs, but your finance can be made available in as little as 3 days, depending on the lender that you prefer and the bridging finance product that best suits your needs. We strive to be as rapid and as efficient as possible at all times, smoothing the process with our expertise and experience so that your funds will be with you as soon as possible. If the standard 3-7 day turnaround time isn’t quick enough for your project, please get in touch anyway and we will see what is available!

Contact us
Ready to apply for bridging finance or to find out more about bridging loans that might suit your next project? Contact our helpful team of finance experts now for an instant and no-obligation tailored illustration of the loans available to you.

BUSINESS

How Business Analysis helps Small Business

Bobby Jansson

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How Business Analysis helps Small Business

Small businesses work with local economies by bringing competition and development to the business sector. Launching a business is a massive success for many entrepreneurs, but it’s the biggest challenge to maintain one. Business Analysts support companies in changing, adapting, and growing to the world’s organizational goals.

Unique challenges of small business

Each business, big or small, is challenged by many standard obstacles. These include recruiting the right people, building a brand, and developing a client base. Here are the five significant challenges for small firms: Customer Dependence, Management of Money, Fatigue, Dependence on founders, and Balancing of Quality & Growth.

Business Analysis – What it means?

The business analysis allows the change in the organizational context through the definition of needs and recommendation of solutions that provide value to its customers.

The most recent version of the instructions extends its scope to cover agile development, business process management, business intelligence, and business architecture beyond business analysis. It includes

  • A model concept that integrates ideas and language across disciplines of business analysis
  • Restructured areas of knowledge for business analysis at all stages, from small tactical initiatives to drastic changes
  • Five aspects covering the essential fields of company analysis and show how to apply knowledge to various situations
  • Covering new industry-recognized techniques of business analysis field
  • In every field of expertise, updated and revised content is more.

Why business analysis for small businesses?

Business analysis helps all types of small enterprises to leverage and succeed in their operations. Within the framework of the business process, the business analysis process is crucial. The process involves identifying the primary business goals in this phase and gathering as much data and details. This information allows you to compile an overview of the company’s challenges to its objectives. The business analysis contributes to reducing company costs by increasing Return on Investment (ROI) and reducing business costs. A business analyst can benefit a small business owner as much as a large firm.

Challenges of Business Analyst for small businesses

Small business owners may not think a Business Analyst is necessary. Small enterprise owners sometimes overlook a vital part of their success in trying to survive. The business analyst can find out what the business owner can do to expand his business.

The unique challenges of the Business Analyst (BA) in small business:

  • Business rules identifying & analyzing: In each company, there are rules of commitment. These are essential for development and growth. The BA is responsible for identifying and analyzing these rules. The role of BA here reduces duplication and leads to improved productivity.
  • Conclude process details: After identifying and analyzing the processes, the BA will conclude. This phase may necessitate steps to add or make drastic changes. It gives the company the ability to acquire better results.
  • Documentation of process and procedure: The BA records the business procedures and operations. Through this, BA can understand what the company has achieved in the past, successful objectives, and achievements of business goals. Also, BAs document the process of the company.
  • Examine process details: The BA examines in detail after documenting the procedures and processes. This phase helps the professionals understand the process and what tasks to do to ensure that the results are excellent.
  • Interpret business requirements: The BA also understands the needs of the industry. This phase is essential for the company to know how, when, and where the applicable changes are necessary.
  • Map out new process design: Once the interpretations of business requirements get completed, the BA identifies new processes that help the company achieve the best results. It is essential because new and improved process designs that bring key business benefits can satisfy the customers, make more return on investment (ROI), and have the right competitors.
  • Facilitate process workshops: The BA provides for process workshops that notify team members and stakeholders about the identified problems so far and the provided solutions. Everyone is ready and happy to work for the company’s development once their buy-in is protected.

Roles & responsibilities of the Business Analyst:

Business analysts should be strong communicators and precise analyzers by collecting, distributing, and managing company data, and business analysts act as linkages between internal departments. The most demanding career/roles and responsibilities are:

  • IT Business Analyst: They create a detailed business analysis highlighting problems, opportunities, and solutions for a company.
  • Data Scientist: The primary responsibility of a Business Analyst is to interpret data, deliver reports, and make suggestions based on research findings.
  • System Analyst: They implement central computer criteria by defining and evaluating system problems and identify application problems by allowing users.
  • Business Analyst Manager (BAM): BAM finds ways to boost productivity and lower costs and connect IT and business teams.
  • Quantitative Analyst (QA): QAs work on optimal systematic trade strategies with mathematicians, engineers, and physicians.

Top Skills learned in Business Analyst training course:

Anyone who wants to step into a Business analyst profession should first get a Bachelor’s degree in any discipline with at least 50% aggregate marks. One can then take up a masters program in Business Analyst Certification to upskill themselves and make a great start to their career.

The Business Analyst course boosts candidates’ know-how in the latest business analyst tools and techniques, including planning and monitoring, data analysis & statistics, visualizations, Agile Scrum methodologies, and Structured Query Language (SQL) databases. Also, you can gain these skills – business understanding, competitor and market analysis, scope and objectives defining, requirements gathering, documentation analysis, and solution designing, analysis & testing.

Conclusion:

The Industrial Policy Resolution (IPR) of 1948 accepted the most important small businesses in the country’s overall industrial development. In achieving the Indian objective of becoming a $5 trillion (~Rs. 32.42 Lac crore) economy by 2025, the small business sector will play a crucial role. The Labour Statistics Bureau estimates that demand for Business Analysts will increase by 14% by 2024. It is one of the higher average percentages of growing specialities. It is the best opportunity to take business analyst training to speed up your career.

 

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BUSINESS

Truck Insurance for transport professionals

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Truck Insurance

The truck insurance is essential for carriers who make their living at the wheel of your car. It is not advisable to make a mistake with the choice of the policy, since we are talking about your work tool and the main investment of your transport business. Anything that happens to the truck or tractor will end up having an impact on your activity and your pocket. That is why today we address the different types of Truck Insurance that transport professionals can hire to protect your vehicle.

Publix Insurance is very important for carriers. Insuring heavy vehicles is essential because they are highly exposed to all kinds of risks and any loss can have disastrous consequences for truckers. Let’s not forget that trucks are expensive vehicles, in which any repair is usually very expensive and whose loss can ruin these professionals.

In addition, insurers view truck drivers as customers at high risk for an accident. It must be borne in mind that carriers spend many hours behind the wheel each week, on routes that sometimes cover thousands of kilometers and cross a border.

In addition, these professionals are subjected to the stress that their activity entails, with the constant responsibility of delivering their clients’ merchandise on time and in good condition. A circumstance that increases the chances of having an accident behind the wheel of a truck.

truck insurance

Choosing a truck policy

Finding the right policy for your truck is a key decision for a freelancer in the trucking industry. It is necessary to find an Insurance that includes the necessary coverage to protect a heavy vehicle, but without the price of the premium being unaffordable for the professional.

To find the right option, there is a wide offer in the market where you can compare Truck Insurance, although in general terms there are three types of Truck Insurance that we can find:

  • Third-Party Truck Insurance
  • Extended Third-Party Truck Insurance
  • Full Risk Truck Insurance

In addition, it is very common for carriers to contract these policies in the franchise mode, to be able to include coverage that is necessary for their business and that the price of the premium does not skyrocket. In this way, they share risks with the insurance company, but they can travel more relaxed knowing that they have broader protection. Let’s see one by one what coverage they offer.

 

Third-Party Insurance or Truck Traffic Insurance

The third-party insurance also called the Insurance Circulation truck provides the minimum coverage required by law which can secure a truck. This basic policy covers the driver’s Civil Liability for possible damage or damage that may be caused to third parties, both physically and in other vehicles, in the event of an accident.

Many specialized insurers have Basic Insurance for trucks that, in addition to Circulation Insurance, include some more guarantees and services. It is the way to offer the road professional a sufficient minimum coverage to go out to work with her vehicle with enough peace of mind.

The third-party insurance for Trucks have good acceptance among truckers because it is the most economic policy, but its protection is limited. For example, this policy will not cover damage to the truck itself in a claim. Nor will it cover damages that affect the physical integrity of the trucker, unless this coverage is complemented with a Driver’s Insurance, which is highly recommended.

In any case, if we want to have additional coverage, we will have to look for an extended Third Party Insurance, with extra guarantees.

 

Extended Third-Party Truck Insurance

The truck insurance Expanded Third Party is the option of choice for many professionals to ensure transport a tractor-trailer or truck. This Insurance expands the basic coverage of Third Party Insurance with the contracting of guarantees and extra services that can get the trucker out of more than one problem on the road.

On the other hand, this type of Truck Insurance is halfway between basic policy and a Comprehensive Insurance, which makes it an intermediate option between the cheapest and most expensive Insurance for trucks. It would be an intermediate option, which can be more affordable if contracted with a franchise.

In addition, in this type of policy for freight vehicles, there is more room for maneuver in contracting coverage, and that flexibility allows the insurance budget to be adjusted to the needs of the truck driver. Among the interesting coverages for a transport company  with which a Third Party Truck Insurance can be extended, we can highlight:

  • Moons insurance
  • Theft or attempted theft and vandalism insurance
  • Truck fire insurance
  • Legal assistance
  • Roadside assistance

It is important to note that this type of Truck Insurance has the main advantage that it usually includes among its coverages a Driver Accident Insurance, an essential coverage in a company dedicated to road transport. The Driver’s Insurance covers health care and the death of the carrier in an accident with an insured capital that is established in the Truck Insurance policy. If you have taken out Extended Third Party Insurance for your truck, it is convenient to review this guarantee to confirm that the amount insured is sufficient.

 

All Risk Insurance for Trucks

The Full Risk Insurance for Trucks is the option that offers greater protection for a transport vehicle. In addition to the Compulsory Civil Liability Insurance and other guarantees that extend the coverage to Third Parties of the policy, this modality also includes the coverage of Own Damages that can compensate the carrier for the total loss of the vehicle in an accident, which generates certain peace of mind to their owners.

These policies usually include a series of less common coverages and services, but which can be very useful for carriers, such as the Loss of License Insurance or the Cargo Liability Guarantee.

This type of insurance for trucks is the most exclusive and professional transporters often invest in this policy when it comes to insuring a new truck or tractor unit. The investment in these vehicles is very high and many times it even requires external financing to be able to assume its cost. Protecting that investment against the possibility of a total loss is the reason that leads to truckers and transport companies to take out this Insurance for new trucks. And it is that the price of these policies is at the same level as the investment made in the purchase of the vehicle.

For this reason, it is common to contract the Full Risk Insurance in excess for the truck. With the franchise, by ensuring the vehicle the price of the premium is cheaper, in exchange for sharing the risks with the insurer and assuming a part of the costs that a claim may generate. If you are interested in this type of policy, in this blog we inform you about the advantages of insuring a truck with a franchise.

Based on these types of Transportation Truck Insurance, specialized insurers in the sector offer us a wide variety of policies, among which it is convenient to compare to find cheap insurance and with the necessary coverage for our business.

For many truckers, choosing the right policy is not easy. To get a tight budget for Truck Insurance and not forget important coverage, it can be important to have expert advice during the hiring.

In this sense, you should know that by trying our online insurance comparator we can advise you on the choice of coverage and we accompany you throughout the hiring process. We are insurance brokers and it is our rule to resolve any questions you may have, with maximum independence.

In this way, we can help you insure the truck with a policy adjusted in price and with the guarantees that you really need. In addition, as we have been insuring carriers for decades, we have access to the best offers on the market, and we can offer you the cheapest insurance for your truck or tractor.

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BUSINESS

The History and Significance of Gothic Rings

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Gothic Rings

Gothic is an art trend dominated in Europe from the 12th to the 15th centuries. Starting with architecture, Gothic gradually encompassed sculpture, painting, book miniature, stained glass, fashion, and, of course, jewelry. It is not really correct to call the Gothic fashion style. Rather, it is a lifestyle.

In the Gothic era, jewelry reflected the status and wealth of its owner. In the majority of medieval states, commoners couldn’t wear jewelry made of precious metals. Even if they could afford a gold ring, they were forbidden to put it on (affluent members of the society, however, could freely wear lavish ornaments, though many of them bore a functional significance rather than decorative). Catholic Church dictated that believers couldn’t flaunt garish jewelry, and since Gothic is basically an evolution of cathedral architecture, it followed the rules of religious dogma. It also means that we can see many religious symbols in Gothic art including crosses, the tree of life, vine, etc.

Two Trend of Medieval Gothic

  1. Symbolic items

Because Gothic stemmed from Christian architecture, religion impacted its components. Take across, for instance. While crosses still personified the dogmas and beliefs of the Catholic Church, Gothic made use of the emotional power of art like no other period in the history of mankind. Just like those cathedrals and temples, crosses were crafted large, intricate, and highly ornate to highlight the significance of the supreme power while belittling a person.

A crown, as symbols of power, also repeated the architectural ideas of the cathedrals in miniature. Gothic crowns pointed their prongs to the sky mimicking cathedrals’ spiels. These symbols of the royal authority always contain heraldic signs and embellishment of multicolored precious stones that resembled stained glass windows of temples.

2.Utilitarian jewelry as part of the attire

At first, jewelry and accessories didn’t consider to be decorative elements. Rather, they performed a certain utilitarian function. One of the first pieces of ‘jewelry’ that combined both beauty and functionality were buttons. In Europe, they appeared only during the Crusades (crusaders brought them from East), and soon enough, they became a popular accessory among riches. Buttons were pretty expensive to craft at that time so a few buttons featured in a dress cost more than all the fabric.

Rings also performed a functional role. Every person who had power or importance used them as signets to seal correspondence and documents. Along with that, they carried the significance of an amulet. Especially popular were rung with gemstone inlays. Their symbolical meaning varied depending on their size and color intensively. By the way, medieval people didn’t always keep the rules of wearing rings on their fingers. In England, for example, they often tied their signets to wrists, and in Germany, men attached them to their hats.

Besides rings and buttons, the Gothic influence is seen in buckles, fasteners, combs, hairpins, and brooches.

Features of the First Gothic Jewelry Items

Real silver gothic rings (and gold, too) of the medieval era benefited from cloisonne enamel techniques, large cabochon gemstones, and multicolor inserts. Diamonds, turquoise, garnets, rubies, emeralds, and pearls were the favorite jewels of that era. As you can see, the medieval Gothic ornaments have little in common with modern ones. Back then, jewelry was a real riot of colors while modern Gothic sticks to black and silver. The pops of colors can still be seen but they are not near as sweeping as in the old Gothic.

Neogothic

After the period of its heyday, Gothic fell into oblivion for about four centuries. However, the XIX century introduced a revival of neo-styles. Hard on the heels of the Napoleonic Wars, Europe succumbed to a romantic mood and gave birth to the first of neo-styles, the Neo-Gothic. The motherland of this style became England. One of the favorite entertainments of the aristocracy of that time was themed balls. Ladies and gentlemen put on lush ornate dresses and costumes, and thus clothing and jewelry imitating items of the Middle Ages came into fashion in the early 1800s.

 

Neo-Gothic jewelry is built upon religious images, mythical animals, floral patterns, crosses of various shapes, shields, crowns, individual letters of the Gothic font, and phrases in Latin. Gemstones were a less common option in comparison to the Middle Ages. Instead, rings, necklaces, and headpieces were made of gold or oxidized silver with commonplace enamel accents. This era also brought to us castiron jewelry.

 

At first, castiron jewelry was only a symbol of mourning (because its color is black) and was affordable to everyone. However, during the numerous wars sweeping Europe in the 19 century, it quickly became a symbol of patriotism and fidelity. Women donated their gold jewelry for the needs of the army and received cast iron items in return. Perhaps due to the Neo-Gothic, black color became an integral companion of the modern Gothic image.

Neo-Gothic lasted until the1850s and then quickly gave way to the style of archaeological revival. Without this short resurgence, however, we probably would not have witnessed its reincarnation in the 20th century. The Goths of the modern era gravitate toward dark, deep colors, silver rings adorned with outlandish symbols, and make-up to match.

 

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