Commercial Mortgages

 
Call us on 0870 736 9658 to discuss these MARKET LEADING COMMERCIAL MORTGAGES or CLICK the CONTACT US tab and apply on-line:

For PURCHASE or RE-FINANCE of COMMERCIAL PROPERTY, OWNER OCCUPIED and INVESTMENT…

NON-STATUS, SELF CERTIFICATION …

80% LTV SELF-CERTIFICATION ……from Bank Base plus 1.99%...

75% LTV (180 Days) NON –STATUS from 1.05% per month…

70% LTV SELF-CERTIFICATION from Bank Base plus 3.375%...

75% LTV (180 Day) SUB PRIME from Libor plus c. 4%...with potential to add on funding by way of the Government Small Firms Loan Guarantee Scheme (SFLGS)…


A little bit more about Commercial Mortgages…

A commercial (or business) mortgage is a long term (5 to 30 years) loan for the purchase or re-finance of a property which has a commercial/business usage, and includes semi-commercial properties (where part of the property has a residential use).
Loans are available for owner occupation or investment or a mixture of both. Typically funding is available to 80% of property value (see VALUATIONS link for definitions), but up to 100% may be available with additional security. Note: Loans in excess of 80% LTV are available for certain owner occupied professions, and investments where there is a blue chip/government tenant.

Pricing will be determined by whether the application is deemed as STATUS, SELF-CERTIFICATION or NON-STATUS

STATUS

Status (or prime) commercial mortgages (owner occupied and investment) are available from high street banks and specialist lenders at high LTV’s and competitive interest rates to profitable businesses, with a clean credit profile, accounts, business plans and projections that demonstrate repayment affordability.

At fccf we are currently reviewing our relationship with status/prime lenders in an attempt to earmark exclusive funds and streamline processes. In the interim we are working with a firm of brokers that specialise in this market and please do contact us to discuss your finance requirements.

SELF-CERTIFICATION & NON-STATUS
 
Self-Certification

The applicant declares their income which must meet the lenders income criteria. The client’s accountant is asked to confirm how long the business is trading, that they act for the client and may be asked to confirm affordability (not always) but note; income verification is not required.

Non-Status

The loan is granted against the value of the property.

  • No accounts required
  • No business plans, projections or cash flows required
  • No meetings with banks
  • Non-Status/Self Certification
  • To 80% LTV (100% with additional security)
  • Purchase or re-finance (for any legal purpose)
  • Business Start-ups
  • Repayments to 30 years
  • Variable and fixed rates
  • Interest rates from LIBOR plus 1.65%
  • Owner occupied, investment, trading from home/work live, semi commercial
  • Freehold and long leasehold
  • Decision within hours, offer within days, completion within weeks
  • Retail, hospitality, hotels & guesthouses, B&B, office, industrial, warehouse, nursing & care homes, equestrian centres, rural & agricultural, day nurseries.. and more

Refer to CASE STUDIES for examples

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