Commercial mortgages are usually the most effective way to finance the purchase of land and/or buildings for your company or business, as it can provide a flexible and affordable approach to financing your projects.
We can help you to buy a Flat & Shop, Buy to Let, Retail, Investment Property, Guest House, Bed and Breakfast (B&B), Pub, Takeaway, Restaurant, Leisure, Land, Petrol Station, Nursing Home, Residential Care, Day Care, Day Nursery, Residential Nursing Home, Post Office, Convenience Store, Newsagent, Fast Food Outlet, Fish & Chip Shop, Public House, even with a short lease left.
In essence commercial mortgages are a special type of commercial loan in which the lender holds a legal claim over the purchased property until the mortgage loan has been repaid in full.
Are you looking for a commercial mortgage broker?
As UK national mortgage brokers, we will find the best commercial mortgage rates to suit the property developer or businessman, whether it be in England, Scotland, Wales or Northern Ireland. Let us take the strain, as we can arrange your interest only loan, buy to let mortgage or self certification mortgage.
We select from the whole mortgage market so we can arrange the best commercial mortgage rates, property development loans, fast bridging loans and buy to let mortgages for partnerships, a Limited Company and buy to let portfolios.
Are you looking to buy your own premises with a commercial mortgage? We can help you as we have helped many clients to do this.
* Are you looking to fund a commercial development? Banks will fund up to 80% of this dependent upon status.
* Are you looking to refinance your buy to let portfolio on more competitive terms? We have established contacts with all the major UK lenders plus lenders that will consider the unusual project when considering commercial mortgages.
* Business Mortgage - owner occupied - typically offers upto 90% loan to value
* Investment Mortgage - where you intend to let the property to a 3rd party on a commercial (ie non residential) basis - typically offers 85% loan to value
* Development Loan - where you want to develop or re-develop residential, commercial or semi-commercial property. Typically offers 85% site cost + 70% build cost
Self Certification Commercial Mortgages. Has your bank said no?
Adverse Credit? We might be to help up to 85% loan to value, if ....
* your accounts do not really reflect your up-to-date property portfolio
* you can’t provide two or three years accounts
* your accounts are constructed to minimise tax payable by showing the least amount of taxable net profit
* you are unable to provide evidence of potential property values over a one or two-year period
* it’s hard to prove your income and your income is variable
We can arrange a self certification commercial mortgage loan up to 85% of the property value, without the need for accounts.
As well as providing Buy to Let and Commercial Mortgages, we also specialise in arranging development finance for both residential and commercial property developments across the spectrum from multi million commercial developments to residential developments costing tens of thousands of pounds.
Property development finance rates differ dependent on the applicant’s experience, the industry sector and the nature of the proposal but a good benchmark to consider would be Bank Base Rate + 1% to 2.5%. We can assist with the acquisition or retention of office, retail, industrial, leisure or residential investment properties.
Commercial Investments
Up to 100% available.
- Variable: From 0.75% + LIBOR.
- Fixed rates available on request.
Purchasing a Franchise
Four out of five new start businesses usually fail within five years and yet around 90% of new franchise operations will have succeeded. The franchise market is expanding rapidly. In 1998 there were some 570 different franchise opportunities with a combined annual turnover of £7 billion.
Franchising provides an opportunity to purchase a tried and tested business concept with usually an established brand image. 88% of franchisees claim to be profitable.
- The average turnover for franchised businesses is £291,000
- An estimated 327,00 people are now directly employed in franchising
- 39% of franchisors report that a lack of suitable franchisees continues to thwart their plans
Gaining funding to purchase a franchise is easier than raising money for a new start business. The cost of purchasing a franchise can range from a few thousand pounds to hundreds of thousands of pounds. Buying a franchise is not an easy option, you still have to work hard to succeed but finance is available. Generally, loans are available up to 80% of the purchase price
We deal with all aspects of business finance, including invoice factoring, confidential invoice discounting for funds advanced against business invoices, commercial property purchase, commercial investment property, property extension/refurbishment, mortgage refinance, commercial development, commercial equipment and asset finance. Both tax and cash efficient way of financing assets including equipment and vehicles for your business.
If you would like to discuss any particular issue in general terms, or seek advice tailored to your requirements telephone 01254 660101 and speak to one of our advisors. Alternatively - CLICK HERE to place your enquiry.
As national UK commercial mortgage brokers we can help with enquiries from England, Scotland, Wales and Northern Ireland. Professional Mortgage Connections Limited are Authorised and regulated by the Financial Services Authority. We can advise on commercial mortgages, including buy to let and other products and services that may not be regulated and because they are outside The Financial Services and Markets Act 2000, there may be no compensation scheme for such products and services.
Copyright (c) 2005 Professional Mortgage Connections Ltd.