Buying commercial premises can be a good investment and as any businessman knows, property itself can become a significant asset. But it’s critical that you get the best advice from the very beginning.
There are many reasons why you might want or need to take out a commercial mortgage. For example, you may want to buy premises to start a new business or to expand an existing business, or you might be buying the type of business where property is an integral part of the deal, such as a hotel or retail outlet. Commercial mortgages may also be involved if you are buying land, for example, or to finance even large property portfolios.
You might also want to look for a better deal than your existing commercial mortgage.
Sourcing and identifying the right commercial mortgage for your business can be challenging and time consuming. There are many lenders available who have differing requirements such as the amount of deposit required, the length of term of the mortgage and pricing.
Whether our customers are renting their business premises and looking to buy, or maybe considering re-mortgaging or planning to move, at Stonehill Commercial we are able to draw on our experience to understand your business and requirements in detail. We work in tandem with a network of potential lenders to provide the best solution available to meet the needs of our customers.
In addition, we ensure that outstanding levels of service are delivered, by working closely with all parties involved in processing the loan to avoid unnecessary delays and providing that peace of mind our customers look for. We will also assist with the provision of any paperwork or business planning documentation that may be required.We can also help you through the various specific areas you might need to think about when it comes to the important decisions such as choosing your lender – for example some lenders may impose certain restrictions in terms of the use of commercial premises.
Even when the economy is in good shape, lenders will usually look at your personal credit rating and like a personal mortgage you will usually be expected to invest a percentage of your own money. Again, as for a personal mortgage, the higher the amount you can invest, the more likely commercial lenders will be to lend you the remainder that you need. Obviously, for a commercial mortgage the lender will also want to see that your business is in sound financial health. We can help you work through all the information they are likely to need and support you step by step through the whole process.
We provide a wide range of finance options so that we can raise your business any finance that it may require.
Why not give us a call now.