UK Business Mortgage
UK Business Mortgage to help you buy new or bigger business premises, remortgage you current property or invest in Commercial Property Development even if you have credit problems.
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Most of the UK building societies and high street banks lend to “low risk” businesses, usually where the business has built up a credible trading history, is currently trading profitably and the ability to repay the mortgage is clearly evident.
However, not all UK businesses fall into this category and need an alternative option when the bank says NO! - UK Business Mortgage
Sterling Capital Reserve Ltd regularly package UK Business Mortgage applications for specialist UK Business Mortgage lenders. We are one of the few brokers who can arrange Commercial Mortgages for businesses with debt or credit problems. Unlike traditional banks who tend to concentrate on historic performance, these lenders prefer to look forwards rather than backwards, which means that UK Business Mortgage 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 UK Business Mortgage application is judged on its own merits. These UK Business 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 UK Business Mortgage are:
- No need for audited accounts, simply declare your own income
- Borrowing can be for any purpose
- Simple UK Business Mortgage application formNo business plans or projections required
- No interviews or visits from bank managers
- Up to 79% loan to value available (100% with additional security)
Acceptable security
Almost all commercial property is acceptable for a UK Business Mortgage, this includes:
- Pubs and restaurants
- Farms
- Factories and Semi Commercial
- Offices
- Investment properties
- Retail premises
- Hotels, guest houses, b&b’s
- Takeaways and cafes
- Holiday lets
UK Business Mortgage Service levels
For most UK Business Mortgage 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
- Accelerated completion by using in-house solicitors
UK Business Mortgage Rates
UK Business Mortgage Mortgages are available for:
- advances up to £2 million
- UK Business Mortgage interest rates vary between 1% and 5.5% over base dependent on level on credit rating
- early settlement penalties range from 6% (of outstanding loan) in year 1 to 1% in years 6 onwards
© 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
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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