REFINANCE

Refinance is a finance facility which provides a simple way of releasing equity in unencumbered assets or assets nearing the end of their original finance arrangements. The result is a speedy cashflow boost to a customer’s working capital.

The customer invoices the sale of the assets at current market value (or slightly less) to the new finance company who then incepts a new finance agreement and the customer receives the sale proceeds less any residual finance that may have still been outstanding to the original funder.

It can also be a useful way of restructuring existing finance agreements to result in a lower monthly repayment, whilst continuing to have the use of the assets.

The new finance agreement can be either Hire Purchase or Finance Lease, depending on the customer’s particular circumstances, over a fixed period of time, usually a maximum of 5 years.

Additional Information

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Robinson Financial Services Ltd is an independent asset finance broker not a lender as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Robinson Financial Services Ltd may receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.

Robinson Financial Services Ltd is an Appointed Representative of AFS Compliance Limited, which is Authorised and Regulated by the Financial Conduct Authority, form number 625035.  Robinson Financial Services Ltd is a franchisee of Asset Finance Solutions (UK) Limited www.afsuk.com

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