UK Non Status Commercial Mortgages

Non Status Commercial Mortgages: No Accounts?, No Profits?, No History?.. No problem!
Latest arranged UK Non Status Commercial Mortgages

Non Status Office Commercial Mortgage Non Status Commercial Hotel Mortgages Non Status Commercial Mortgages Non Status Commercial Mortgages

Jump to: Acceptable Security | Mortgage Application Requirements

Most of the UK building societies and high street banks lend to “low risk” businesses not with credit problems, usually where the business has built up a credible trading history, is currently trading profitably and the ability to repay the commercial mortgage is clearly evident.

However, not all UK businesses fall into this category and need an alternative option when the bank says NO! - Non status commercial mortgages

Sterling Capital Reserve Ltd are one of the few brokers who can offer Adverse Credit Commercial Mortgages and regularly package applications for specialist non status commercial mortgage lenders. Unlike traditional banks who tend to concentrate on historic performance, these lenders prefer to look forwards rather than backwards, which means that mortgages can be obtained for businesses with:

  • County court judgements
  • Mortgage arrears
  • No accounts
  • Poor credit rating
  • Historically loss making

There are no hard and fast rules, each application is judged on its own merits. These non status commercial mortgage lenders are ideal for businesses (sole traders, partnerships or limited companies) which are looking for:

  • debt consolidation
  • business turnaround / phoenix
  • new business start ups
  • business refinance
  • where the incumbent bank want their money back!

The benefits of a non status commercial mortgage are:

  • No need for audited accounts, simply declare your own income
  • Borrowing can be for any purpose
  • Simple application form
  • No business plans or projections required
  • No interviews or visits from bank managers
  • Up to 70% loan to value available (100% with additional security)

Acceptable Security:

Almost all commercial property is acceptable, this includes:

  • Pubs and restaurants - Freehold and Long Leaseholds only
  • Farms
  • Factories and Semi Commercial
  • Offices
  • Investment properties
  • Retail premises
  • Hotels, guest houses, B&B’s
  • Takeaways and cafes - Freehold and Long Leaseholds only
  • Holiday lets

Service levels:

For most applications presented by Sterling Capital Reserve, you can obtain:

  • A decision in principle within 2 hours
  • Quick turnaround of all proposals
  • Same day solicitor instruction

Rates:

Non status commercial mortgages are available for:

  • advances up to £1,000,000
  • interest rates vary between 6% and 12% over base

 

© 2012 : Sterling Capital Reserve Ltd

Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550

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ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

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