Invoicing
discounting Self
Build Mortgage Business
mortgage Buy
To Let Subprime
commercial finance Secured
Loan
Business
loan advisor
Most
commercial loans are not generally regulated by the
Financial Services Authority.
Lending
money for a commercial business has very different criteria
compared with residential property lending. The commercial
loan maybe to raise business finance on a shop, buying
shock or expansion of the business. Lenders may offer
up to 85% self certified this is where you may not have
to disclose accounts. You may be also able to obtain
a business mortgage even will a poor credit history,
though this will depend upon your individual circumstances.
Buy
To Let - Commercial and Residential
lending
Now
there are new commercial lenders who will lend if you
have no track record within the industry and no previous
accounts. High loan to value and self cert are also
now available. This is very different from high street
lenders who want to see very detailed accounts, track
record and cash flow. However the interest rates and
costs will reflect the risk.
As
a company director or even shareholder may have to offer
your own residential mortgage as security against the
loan. Or use a guarantor who will be involved to raise
security against the loan, this could be another business
or even a loan from the Department of Trade and Industry
(DTI). Some specialist lenders will lend with past poor
credit history. The banks are looking to minimise their
risk on lending, so ask for a lot of security from the
business. Business failure is very high and realistic
so lenders will always be very cautious.
Contact
us for friendly assistance