Most lenders offer commercial mortgages, but applicants must satisfy specific lenders' criteria. Some lenders may accept applications where there is a complex credit history, whereas some insist upon a positive personal credit rating and clear evidence that your business is creditworthy. Most will apply a loan-to-value ratio and will expect you to invest a proportion of the purchase value. (Often at least 15%.) However it may be possible for equity in other assets to be considered.
Many specialist lenders recognise that the previous business accounts may not reflect that the potential of the business. For that reason we can help you raise up to 70% to 85% of the bricks and mortar value without accounts. The interest rate offered will be dependant upon the credit history of the business and the applicant and all circumstances can be considered. One client who had begun a CVA took advantage of this facility to get his business back on track within a few months.
All Quotes are provided free of charge
Hanson Wealth advisers have access to various tools and applications which can sift through the lenders based on your personal requirements. We will also contact specialist commercial mortgage brokers on your behalf to find the best deal for you. All quotes are provided free of charge and without obigation therefore you have nothing to lose by trying us out.
After providing us with basic information, you will be contacted by a commercial mortgage specialist to obtain full details and you can expect to receive an offer subject to valuation within 48 hours.
An initial review is offered on a no charge and no obligation basis.
We have a community of independent financial advisers based throughout Scotland, England, Wales and Northern Ireland as well as a variety of services available over the telephone or via the internet. So even if you are not based near to one of our branches, we can still ensure that you will get quality independent financial advice from our IFA team.
Call today on 0191 495 2254 or freephone 0800 881 8085
9am - 5pm Monday to Friday or leave a message outside of these hours and we will call you back.
Hanson Wealth Management is a trading style of Hanson Financial Partners Ltd, which is authorized and regulated by the Financial Conduct Authority. Hanson Financial Partners Ltd is entered on the FSA register under reference 529347. The information contained within this site is intended for UK consumers only and is subject to the UK regulatory regime.