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| Commercial Loans & Mortgages
Solution Remortgages specialise in arranging commercial mortgages and remortgages for companies, self employed traders, partnerships and entrepreneurs in order to help you raise the vital capital necessary to help your business expand and grow.
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If you're looking to achieve any of the following:
- Purchase a new business or a new business property
Raise funds for vital refurbishment, machinery, stock or the capital to expand your business
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Restructure your finances and repay any business or short term debts you may have accrued in the past
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Or remortgage your commercial property to raise cash for any other purpose
A Commercial mortgage is similar to a residential mortgage in that both are secured on a property as a first charge.
Commercial mortgages can be secured on a wide range of properties; these include shops, guest houses, farms, industrial buildings, pubs and so on, with the normal length of a commercial mortgage being 5 to 30 years. They can be repaid on a capital and interest basis or on an interest only scheme. The latter can help reduce monthly payments considerably and therefore give more flexibility with budgets.
The usual maximum loan to value (LTV) you can borrow is 85%. This figure can be increased to above the value of the property if additional security is being provided, such as other commercial properties or the applicants own home. In these instances most lenders will simply take a floating charge behind any other existing mortgage you may have on the additional property being approved as security.
Call us FREE on 0800 520 0315 or email us at commercial@solutionremortgages.co.uk for a quotation.
If
you want to hear more about how Commercial Mortgages can work for you, or whether
you would be suitable for Commercial Mortgages, simply call our expert advisors on 0800 520 0315
quote ref 1533, or fill in the
Mortgage Wizard to see what other solutions are available to you. |
