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Making Finance Easy

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FAQs

We’re here to help.

If you have any questions or need a better understanding of our products, please take a look at our FAQs.

Alternatively our finance experts are always on hand to answer any queries you may have.

How do I apply?

Complete the online form, call us on 01633 415222 or email enquiries@hhf.uk.com. We’ll be back in touch as soon as possible to start to move your application along.

How do I find out if I can refinance the equipment that I own?

There are certain criteria surrounding the age and condition of equipment that we’ll refinance. Please call and speak to one of our asset refinance experts to find out how much capital you may be able to release from the assets that you own outright.

Will my payments increase if interest rates rise?

No – your monthly payments are fixed and are unaffected by interest rate rises.

Will I need to pay a deposit?

Not necessarily - usually we only ask for a nominal amount at the outset of your finance agreement. This is often equivalent to a monthly payment – it means you can start using the equipment straight away and generating profit from it before the next payment is due.

Can I borrow up to 100% of the value of the asset?

Yes – on new assets, Loan to Value (LTV) can be up to 100% of the invoice amount excluding VAT.

How much can I borrow?

Anything from £1000, with no upper limit.

Who do Henry Howard lend to?

We’re happy to consider applications from any business, whether you’re a sole trader, partnership, a limited liability partnership or limited company; and it doesn’t matter whether you’ve been established a few decades or just a few months – we should be able to assist.

How is asset finance different to other forms of funding, say a bank loan or an overdraft?

Unlike overdrafts, asset finance is not repayable on demand. It’s also a form of secured loan (the asset is our security) so our lending criteria are often more flexible than a bank loan.