Commercial Mortgages
Buying a house today is relatively easy with over 150 lenders out there ready and able to help. Purchasing a business, or obtaining the money to develop a property however has not been so straightforward.
To illustrate a point, the average commercial lender requires prospective borrowers to provide a lot of detailed information. Typically this would be 3 years fully audited accounts plus projections of future business. In addition it’s unlikely they will be willing to look at someone with a poor credit history and without a detailed interview as well. Coupled with this it’s unusual to have confirmation of a commercial mortgage product until after the evaluation which may take 3 months or more.
Thankfully there is now an alternative. At Mortgage Beaters we treat commercial borrowers the same as our residential ones. So you can now have access to a speedy, flexible and simple commercial mortgage solution, which has been based on the residential mortgage model.
Working with major commercial lenders we now have access to products that offer tailor made finance for clients businesses in a time frame to suit them. It means:
- No need for accounts or clean credit history
- No interviews or repeated bank visits
- Up to 85% loan to value available (100% with additional security)
- Self certification of income option
- 3 year, 5 year, life of the loan interest only options available
Terms from 10-30 years, with advances from £50k to £50m plus.