Commercial Mortgages
Most business owners either own their own property or have aspirations to one day own their own premises. A commercial mortgage is the traditional way of raising finance to support the purchase.
Loans are available for up to 80% of the value of the property value. Rates of interest vary considerably between lenders, and also the amount of information required can be very different. Some lenders require significant levels of information, which can take time to collate. Despite producing this, a positive outcome is not always achieved.
We keep fully informed of the deals that are available, which takes away the headache for business owners when looking for an appropriate package. Business owners are better employed within their business producing additional sales or indeed improving the efficiency of the business. By freeing up time to do these things the business in turn becomes more profitable. That's why people are in business.
Having agreed that real entrepreneurs are in business because they have great ideas and are superb at running their businesses, they do not always have the time to really focus on the funding of the business. It could well be that a commercial mortgage already exists on a property that was purchased some time ago and there may now be better deals available.
Should you require more information about products that are currently available or would like a free review of your existing facilities to establish whether you are paying too much, please contact us.