Business people who have a semi-commercial mortgage, say on a post office or a shop with accommodation over, seldom think of reducing their monthly or quarterly outgoings by remortgaging. Yet their are many lenders in the market place keen for business and offering competitive rates and terms.
By the time you have paid off your mortgage you could have bought the property and two adjacent businesses as well. Capital Brokers will show you how to reduce your monthly repayments and save £1,000s in interest payments.
Besides helping you to pay off your mortgage earlier it could also be possible to consolidate your debts into a lower interest rate and take control of your finances.
Capital Brokers can help you secure the best deal with all kinds of semi-commercial property finance whether it is a Post Office, Bed and Breakfast, High Street Shop, Public House or Take-Away. In fact we can help with the purchase of any type of commercial property for you’re your own business use and occupancy.
Where time is of the essence we can arrange a bridging loan for all types of commercial property. Urgent cases can be completed within a matter of days allowing you to buy in a competitive situation.
Typical loans on these properties are 65% to 80% of the purchase price, but can be higher where additional security is available. Sometimes, even this is not enough and mezzanine finance can be arranged. Mezzanine finance involves specialist funders and investors who lend further funds above the maximum offered by the commercial lender. For example, a lender offers £270,000 on a shop with accommodation costing £350,000. The buyer needs to raise a further £80,000 to complete the project. The mezzanine funder will provide finance up to 90% of the value of the property, secured with a second charge but leaving you to find just 10%.
If you are looking for a semi-commercial mortgage, we would be happy to discuss the options available. As well as finding many different types of semi-commercial mortgages, we can also offer a great deal of flexibility when it comes to the terms of the loan which can be anything up to 25 years. To start the process please click the request box below and leave your information.