Amicable Mortgage Services Southampton Hampshire

Adverse Business Loan

Free Phone 0800 781 0414*
Call us regarding Sub-Prime Commercial Finance

Sub-Prime Commercial Finance

Poor Credit Business Lending

In recent years commercial lending has developed and become more open minded and flexible

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regarding commercial lending underwriting. The main clearing banks who are the prime source of commercial mortgages are very strict regarding adverse or bad bad credit when applying for a business loan.

This is because potentially business lending is very high risk with many new and existing businesses failing within the first five years trading period. It makes more sense and company profit to only lend to businesses that after careful consideration and checking turn out to be low risk. This means that if directors, business owners or the business itself has had a poor credit history then generally this is not the type of business they wish to lend to.

However new lenders have now come into the lending market and will potentially consider lending to business who have had past credit problems. This might include CCJ, mortgage arrears, default payments and missed loan repayments. Generally to protect themselves they will reduce the loan to value of the mortgage offered depending on the degree of bad credit. Commercial lending can be regulated or unregulated business depending on the individual circumstances of the case.

The following APR relates to the above products only.
THE OVERALL COST FOR COMPARISON IS :-
8.9% APR
The actual rate available will depend upon your circumstances ask for a personalised illustration.

As mortgage brokers we have access to the sub prime lenders from the market as a whole and may be offered special exclusive deals only available to mortgage advisers, so please contact us for friendly assistance.

Free Phone 0800 781 0414 Contact Us

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

There may be a fee for broker advice, the precise amount of the fee will depend upon your circumstances. If a fee is charged it will be 2% of the loan amount payable on completion of the mortgage, subject to minimum £595. For example a £100,000 advance X 2% = £2000.
The
Financial Services Authority does not regulate some aspects of commercial finance, personal finances, buy to let and overseas mortgages.

 
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0800 781 0414
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Free Phone 0800 781 0414
Amicable Mortgage Services Ltd, 32 Twyford Avenue, Southampton, Hampshire, SO15 5NP, which is authorised and regulated by the Financial Services Authority.
Registered office 5 New Broadway, Hampton Hill, Hampton, Middlesex, TW12 1JG, registered in England No4470987
©2008