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Commercial Mortgages
Commercial Mortgages are available to any business that needs to raise finance for a multitude of different reasons,including an extension, against the security of the freehold of the relevant premises. Funders will want generally to be able to take a first charge on these premises as collateral for any loan. Every case is different but generally speaking 70%/75%of a properties value can be obtained. If a higher LTV is required this can be arranged but expect to pay an additional 1%-2% more interest.In the case of an extension, if the valuation does not meet the full amount required,this can be overcome,as the funder will lend against the increase in value as building work progresses.
Please visit Application Forms and complete STANDARD APPLICATION FORM No 1.
Alternatively contact us direct by phone,fax or email. Please see our contact page
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