Hassle free commercial finance from UK experts

I’ve been turned down by my bank. Can I still get a commercial mortgage?

Commercial mortgage lenders all have their own specific requirements for assessing loans so even if you are turned away from your bank, it is likely that we will be able to find a solution that suits you. We offer much more flexibility than high street banks.

What are Regulated Commercial Mortgages?

Commercial mortgages become regulated if 40% or more of the property is to be used as or in connection with a dwelling.

What is the difference between Bridging Finance and Development Finance?

The main thing to note is that once external walls are being moved or extended, that is when a full Development Finance loan is required. Bridging Finance can stretched to heavy refurbishments but nothing more relating to structural work.

How long does it roughly take to set up a commercial mortgage?

From your initial application to releasing the funds, setting up a commercial mortgage could take anywhere from 4-8 weeks, depending on each unique situation. However, we endeavor to set up your commercial mortgage as quickly as possible!

How long are mezzanine loan terms?

Mezzanine finance is a short-term form of borrowing, and most lenders will expect the debt to be settled within 12-24 months.

What do lenders look for when considering Owner Occupied Mortgages?

It is often base their offers on the status of the client, the trade they are in, and the performance of the business. The loan to value (LTV) is usually based on the value of the property but sometimes this can be based on the full business appraisal.

How do I keep track of my application?

We handle every application we receive within our own team so will contact you as soon as we’ve received an important update. We like to make sure our clients are assigned one mortgage broker for the entire process so you feel at ease so they will be in direct contact with you whenever it is possible.

How long do you have to pay off an Auction Finance loan?

Once you’ve bought at auction, you’ll have up to 12 months to repay your Auction finance. This can be done by selling the property on, or by refinancing with longer-term borrowing.

Do I need a license for a HMO?

If your property falls within the definition of a large HMO (at least five tenants are living at the property, forming more than one household and sharing toilet or kitchen facilities) then you will need to apply for a HMO license from the local authority where your HMO is located.

What is LTV?

LTV stands for Loan to Value this is the ratio between the value of the development and the loan.