Does your business need a cash injection or new premises?
Commercial mortgages and remortgages are available for a variety of purposes. It may be that your company wishes to purchase new premises to facilitate expansion or you may be looking to restructure your company’s borrowing and raise additional working capital for the business through the remortgage of existing premises.
Whatever your needs, we have dedicated commercial finance specialists who will work with you to help you to achieve your objectives.
How much can I borrow?
Commercial mortgages are normally available for up to 70% of the property’s value. However, if additional security is available it can be possible to obtain 100% borrowing. Loans are available to individuals, partnerships or limited companies on a variety of property types - from pubs, shops and office blocks to industrial units, showrooms and factory sites. Whatever the property type we will normally be able to find a suitable lender.
Commercial lenders offer their most competitive rates to those businesses that can prove the loan required is readily affordable. However, it is possible to obtain finance without accounts, albeit at higher rates, if the lender feels the security offered is acceptable.
Each case is assessed on an individual basis and a rate will be offered by a lender where they are satisfied that the property offers suitable security and the borrower meets their criteria.
Let us do the hard work!
In our experience most high street banks these days prefer to say ‘no’ irrespective of the quality of the proposal being placed before them. Our lenders have funds available and they want to lend. Our job is to assess your requirements and present your case to the lender that is most likely to say ‘yes’! Occasionally this may actually be the commercial lending division of a high street bank, but in most instances it is from a dedicated commercial mortgage lender. In short, we will do the legwork for you, collate all the necessary information and present your application to the most appropriate lender with the aim of obtaining an ‘in principle’ offer of finance within 24hrs, subject to valuation and such documentary verification of information as the lender may require.
Please call us to discuss your requirements or complete the enquiry form and we will contact you.