Refinance

Refinance is a very popular method of raising cash against existing assets. Corporate Asset Solutions can offer a customer a significant injection of funds against equipment which the Company owns outright. For example:

  • ABC Ltd owns a truck which is valued at £20,000
  • Corporate Asset Solutions Ltd makes a payment of £15,000 direct to ABC Ltd
  • ABC Ltd agrees to a fixed monthly rental for an agreed payment term
  • At the end of this term, and once all payments have been made, ABC Ltd owns the equipment outright again

Refinance can be used for many different reasons. Raising capital, future purchases and management buy ins are just to name a few.

Corporate Asset Solutions (CAS) is delighted to partner with RateSetter to administer and run their new hire-purchase product.

CAS will provide RateSetter with a robust distribution channel and market expertise in this area. Both parties have ambitious plans for the new HP product which will be competitive, transparent and clearly differentiated from other products in the broker market.

As Authorised Representatives of RateSetter, CAS will manage the end to end asset finance process on behalf of RateSetter from its offices in Southampton. Zac Cogan, Managing Director of CAS, said “After two years of partnering with RateSetter on various projects, I am delighted that they have selected CAS to partner on this exciting new product. Our companies have aligned values and growth plans. We will provide best in class service to RateSetter, Brokers and Customers and in doing so we can extend our distribution within the broker community, offering distinctive, innovative funding solutions. The team at RateSetter are progressive, dynamic and passionate about providing customers with viable, competitive alternatives, something that we also hold at the core of our values.”

Paul Marston, Managing Director, Commercial Finance at RateSetter, said “We are very pleased to announce the launch of RateSetter hire purchase which is a really important addition to the range of tailored finance products that we offer. We have chosen CAS as partners as we build this new area of business in view of their considerable understanding of this market plus their origination capability.”

Please speak to your broker manager today to discuss how this exciting new partnership can help your business. 02380 766467