 Commercial Mortgages & Loans
Commercial Loans 24-7.co.uk have partnered with a panel of commercial mortgage
lenders who offer commercial mortgaging schemes for new entrepreneurs and
established businesses alike - perhaps your business needs remortgaging or you
are looking to restructure your business finances.
 ANY PROPERTY USED AS SECURITY - WHICH MAY INCLUDE YOUR HOME - MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE ...
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Commercial Mortgages & Loans Overview
Our panel of lenders will source the very best commercial mortgage deal
available for your particular financial circumstances. Our lenders offer
competitive rates and terms - even for people with adverse credit or have
perhaps been refused credit elsewhere ... apply online now and a friendly
financial advisor will call you back to discuss your exact requirements and
options available.
Full Status Commercial Mortgage Facilities
Full status commercial mortgages - lenders will look at established businesses
allowing them to purchase or remortgage their trading premises.Generally, the
lender will require:
- 3 years satisfactory accounts.
- 6 months bank statements.
- A business plan.
- Assets and liability statement.
- An interview by the lender.
- Clean or light adverse credit history.
- Loan to value below 75% - usually 70%.
The loan term can vary depending upon which lender is used and be from 10
- 30 years.
Repayment is usually capital repayment - interest rates vary from 1% - 3%
above libor.
Self Certification Mortgages
Individuals and businesses can now have a self certificate, also known as a
self cert mortgage.
The type of commercial mortgage is becoming fairly simple and more and
more applications are being made to lenders due to the minimum of
requirements:
- No accounts.
- No bank statements.
- No interviews.
- Adverse credit and non status applications considered.
Funding can be arranged for someone starting a business to buy their
trading premises.
Loan to value can be arranged up to 85% and interest rates vary
between 3.5% and 5.5% above libor.
The term of the self cert mortgage can vary up to a maximum of 30
years.
Non Status Commercial Mortgages
Non status business mortgages are even available to applicants with a
poor credit history - apply online now and an advisor will call you back
at your preferred time to discuss your exact requirements and your past
and current financial status.
Our panel of commercial lenders welcome non status business mortgage
applications - the process is quick and easy and all the following will
be considered:
- County Court Judgements / CCJ's
- Arrears / Late Payments
- Discharged Bankrupts
- Individual Voluntary Arrangements / IVA's
- Self Employed (No Accounts)
- Individuals & Companies
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