Can a commercial Mortgage Broker help you?
A Commercial Mortgage Broker can help you arrange a mortgage or second charge loan secured on commercial property. A good broker will offer a fast and flexible service with free advice and in most cases should not need to charge a broker fee. Whatever type of business you are running a commercial mortgage broker can help you to find the right commercial mortgage including:
- Commercial mortgages for pubs, restaurants and night-clubs
- Hotels and Guesthouses and Bed & Breakfasts.
- Residential Care and Nursing Homes
- Commercial Mortgages for investment property.
An independent commercial mortgage broker will help you search the whole commercial finance market to help you find the most suitable commercial mortgage for your business. This means that you can find help even if you have a bad credit history and have had problems getting a commercial mortgage in the past.
There are a wide range of commercial mortgages that are available for the owner occupier or commercial investor. It does not matter if you have a bad credit history, or have no accounts as detailed business plans are not usually required.
Commercial mortgages and second charge commercial loans can be arranged for any type of business, whether you are purchasing or re-mortgaging a commercial mortgage broker can find the right commercial mortgage for you. Even property purchased using a commercial bridging loan can be refinanced on to a commercial mortgage.
What is a Commercial Mortgage?
Commercial mortgages are usually the best way to finance the purchase or re-mortgage of commercial property for your business. The commercial mortgage marketplace has undergone a transformation over the last few years and there is now a vast range of commercial mortgage brokers and lenders to choose from.
There are a number of reasons why a business or individual will need a commercial mortgage:
- To purchase a commercial property or refinance existing premises
- Consolidate existing debts or expand a business.
- Carry out improvements to a commercial property.
- Set up a new business - detailed business plans not always required.
- An investor purchasing commercial or semi commercial property.
Using a commercial mortgage broker to arrange a commercial mortgage can save you and your business time and money.
Make sure that you use a broker who is not tied to one lender, they should be able to look at the whole market and assess which lender offers the best commercial mortgage for your business needs.
Bad Credit Commercial Loans?
Having a bad credit history such as CCJ's etc. should not prevent a business from getting a commercial mortgage. Naturally a commercial lender will want to understand the circumstances leading up the to problems, but this should not act as a barrier.
In fact, fi you or your business have a bad credit history then using a commercial mortgage broker to help you find a commercial mortgage makes perfect sense.
Whatever you need funding for you should be able to find a commercial mortgage. Remember that CCJ's, arrears or lack of accounts don't have to stop you getting a commercial mortgage but they will mean that you might have to may more for your mortgage.
Need advice on how to get a Commercial Mortgage?
Using a commercial mortgage broker you will have access to years of experience in providing commercial mortgages. Through our commercial lending partners we are able to offer some of the best rates in the commercial marketplace. A quote costs nothing and you are under no obligation or pressure to proceed with a commercial mortgage.
