Commercial Mortgages can be arranged for any specific requirement; to buy, extend, improve, re-mortgage business or buy to let premises and fund many other business activities.
The terms of a commercial mortgage will depend largely on the type of business you're running and the type of premises or land you wish to buy. This is a complex area and it's essential that you seek specialist advice.
Loan to value's vary depending on property types and client profiles but finance of up to 85% is usually obtained with 100% funding achievable with additional security. Rates are dependent on each particular deal but can be as low as 1% over base. Banks and building societies usually prefer to lend to low-risk businesses with a trading history that is stable and profitable. Commercial 1 understands that not every UK business falls into this category which is why we can assist you with finance when these bank/building societies have declined.
Commercial 1 has developed excellent relationships with a number of specialist lenders enabling us to access the non-status commercial mortgage market. This market accommodates clients by obtaining self-certification mortgages where accounts are either insufficient or unavailable.
Finance for new business start ups and clients with a poor credit history who don't conform to the main banks criteria and have been turned down can also obtain funding in this particular market.
Rates in the non-status commercial market are subject to LTV's but can be as low as 2.75% above Libor.
As a packager, Commercial 1 can obtain finance faster when working with specialist lenders because we have full control of your application.
Commercial 1 has access to a number of bridging lenders in the UK and we will ensure that the best possible deals are arranged to suit your bespoke needs.
Commercial 1 are an established broker that understands the process of acquiring a bridging loan. We can work with clients who have a flexible employment status and impaired credit history to achieve results.