While banks and mainstream lenders continue to put the brakes on the kind of lending available before the credit crunch, there is actually still a vast amount of cash out there if you know where to look says an independent commercial finance broker.
And, says Galapark Ltd, some property investors may be surprised that flexible finance facilities from other sources remain very readily available.
Galapark Ltd claims it can source cash from hedge funds, trusts and wealthy individuals and is still able to offer funding of up to 100 percent of property costs.
The company says in recent weeks the finger of blame for the credit crunch has been firmly pointed at the banks themselves. It is now the view of many analysts that the real cause of the financial squeeze is the fact that the banks have been either greedy, or incompetent, or have allowed themselves to be conned.
The result is that the banks are hoping they can just sit it out, whilst the UK economy, manufacturing industry and the property market in particular are forced to wait in limbo until they finally manage to rectify the situation.
Galapark adds that contrary to recent press reports, the fundamentals of the market are still strong - low unemployment, a shortage of housing and, low interest rates - if only the banks would follow the Bank of England's lead.
There are many areas in the UK where demand for property remains as strong as ever with developers continuing to cater for home buyers and landlords providing homes for rent.
Another factor is that as first time buyers now find it more difficult to get a mortgage, rental rates and therefore rental incomes have shown an increase across the UK.
London based Galapark maintains it is able to offer a range of versatile funding options including investment, development and business finance as well as bridging loans.
