Commercial & Property

Commercial Mortgages

If you are considering the purchase of a Commercial Property for your own occupation, via a SIPP as a longer term investment, or perhaps you wish to purchase a trading business or re-mortgage an existing property – then speak to us.

We will provide you ready access to over 50 major Commercial Mortgage Lenders very active in the market who will look to provide a Commercial Mortgage at competitive rates up to 30 year terms. We can provide both capital and interest repayment schemes or ‘easy start’ interest only options.

If you are considering the purchase of a Commercial Property for your own occupation, via a SIPP as a longer term investment or perhaps you wish to purchase a trading business or re-mortgage an existing property then speak to us.

We will provide you ready access to over 50 major Commercial Mortgage Lenders very active in the market who will look to provide a Commercial Mortgage at competitive rates up to 30 year terms. We can provide both capital and interest repayment schemes or ‘easy start’ interest only options.

In order to assess your best Commercial Mortgage option we will need to understand more about your business and confirm the ability to repay the mortgage from business profits or other sources of income. In general terms we can offer mortgages up to 75% of the freehold / long leasehold value of the property or business being purchased.

We can also assist with a broad range of Buy To Let Mortgage products on both fixed and variable interest rates. If you are currently occupying a commercial property as a sitting tenant and running a profitable business then we can offer special rates and generally a higher loan to value – please call us for details.

For assistance with obtaining your Commercial / Business Mortgage Facility and Buy To Let Mortgage at the best interest rates and terms please call us today to see how we can help or submit an enquiry and we will contact you. Our advice is given freely, in confidence and without obligation.

Buy to Let Mortgages – Expand Your Portfolio

Buy to let Mortgages allow the borrower a first charge loan using an investment residential property as security. The buy to let mortgage is set-up so that the property is tenanted out and the mortgage payments are covered by the rent generated by the tenant within the security. An HMO Mortgage is a conventional buy to let mortgage taken over a security that has multiple tenants. It is referred to as a House of Multiple Occupancy i.e. shared bathing and kitchen facilities. A Holiday Let mortgage is a conventional buy to let mortgage on a security that has long-term tenancy restrictions.

A portfolio mortgage straddles the border between buy to let lending and commercial mortgages as a loan over multiple properties. In a buy to let form this will take individual loan charges against each property whereas in commercial form a single loan facility can stretch over multiple properties. The former tends to be interest only, the latter amortising.

The two main forms of buy to let products are:

  1. Interest only products
  2. Capital and interest repayment products

A buy to let mortgage provider will lend to a set percentage of the purchase price of the property and this is generally at the top end (Loan to Value) of alternate forms of finance.

As a long-term product the rates often tend to be very competitive and the borrower is provided with a choice of a fixed or variable rate product. A fixed rate product allows the borrower to plan monthly expenditure; a variable rate product holds the advantage of a potentially decreasing monthly payment.

Property Development Finance

If you are involved in the building industry or Property Development and refurbishment, funds are available for profitable projects which fit key criteria. Property Development and Refurbishment loans are provided from £50K upward.

A brief synopsis of current key underwriting criteria:

  • All residential Property Types supported – Houses,Terrace, Mews, Flats.
  • Applications should be supported by good evidence of demand in the local area.
  • If properties are to be retained on completion a long term re-finance option can be provided.
  • Mixed use and Commercial Schemes can be supported subject to a demonstrable demand on completion.
  • Developments should demonstrate sufficient margin to absorb any possible future reduction in the anticipated Gross Developed Value (GDV) of the project.
  • The borrower or proposed main contractor should have a good CV and be able to demonstrate experience in the sector.

Under normal circumstances we provide loans equivalent to 70% of the estimated GDV of the project however, for experienced developers and if additional security is made available we can often provide funding up to 100% of all site purchase, development and finance costs. We can also introduce Mezzanine Loans secured on a 2nd charge to provide any additional ‘top up’ funding. For free, expert advice to help secure funding for your development project please call us today or submit an enquiry and we will contact you. Our advice is offered freely, in confidence and without obligation.

Bridging Finance

If you have a need for a Short Term Loan and need the funds quickly then we can provide funding for any legitimate purpose over loan terms ranging from 1 day to 24 months. Obtaining bridging finance is, in essence, a simple process and loans can be secured on both Residential and Commercial Property Assets and Land / Development Sites. In some cases we can take other assets as security for the loan such as Luxury Cars, Art, Jewellery etc.

Some potential uses:

  • Buying a bargain property at ‘Below Market Value‘.
  • Buy a property which is deemed ‘Un-mortgageable’and requires significant refurbishment.
  • Moving home before your current property is sold.
  • Buying a property at auction and needing funds quickly to complete on the purchase.
  • Raising cash to buy a Business , Purchase Stock or perhaps buy out a Business Partner.
  • Raising cash to pay a Personal or Business Tax bill.
  • Raising cash to stave off a repossession order.

We can move very quickly giving an immediate decision and very often have the loan offer issued the same day. Funds can draw down generally within a matter of days and our experienced team will assist with all the necessary administration and valuations in order to ensure a smooth process.