The Possibility Of Commercial Property Finance
Despite an official end to the UK recession; there still remain an abundance of cracks, gnawing away at the already weakened strength of the British economy. Although the official declaration may have allowed many to breathe a sigh of relief; business owners of all industries and all sizes are ever cautious and all too sceptical. Following years of struggle, cost cuts and futile and slow reactions from the government; the commercial sector has come to a standstill, with businesses failing to make any movement that may potentially cost them greatly.
Despite the understandable lack of trust; the alternative lender has shone through to provide a great deal of commercial property mortgages to suit all business needs. Acting as an intermediary between the borrower and a selection of lenders; the mortgage broker has shattered the misconceptions of post-recession lending.
In comparison to the strict guidelines and seemingly immediate rejections initiated by the many banking authorities; the commercial lender will discuss a range of options, whatever the business, whatever the size, even in the event of previous rejection. Providing a great deal of support, the mortgage broker will work with you to analyse your business finances and your loan to value ratio to determine whether any solution at all is possible.
Understandably, any business finance solution will be riddled with risks which is why a broker service is often deemed the ideal solution however, the process is by no means an easy one and in comparison to the residential mortgage; will require a great deal of effort, evidence and cooperation from you, the borrower.
The right broker service will offer a multitude of commercial property mortgages which may include the fixed rate mortgage, the variable lending mortgage and the interest only mortgage however; as the borrower you will need to provide proof of business income for the previous three financial years, strong business plans and other miscellaneous information before the consideration process can begin.
The benefit of a mortgage broker however, is that the company will have access to a large portfolio of clients rather than the limited selection provided by banks which inevitably means that your business has more of a chance of reaching the ideal business solution.
Once you have sought a commercial property and feel financially capable to handle the pressures that will come with regular mortgage payments then why not consider speaking to an experienced mortgage broker and beginning your application process? Whatever your situation, the right broker will work to help find the ideal solution to suit your business.
Understandably, many will argue that in the wake of continuing economic strain, rental may be the more viable option however a commercial mortgage will not only result in property ownership but will also provide your business with a great deal of equity…what could be better?
There is no doubt as to why commercial property finance is not an option; you just need to know where you are looking…
About the Author
Having worked at a number of high profile locations; Andrew has dealt with a variety of financial issues and can provide an abundance of knowledge and information on anything and everything you need to know. Please visit http://www.charlestonfinancial.co.uk/ for further information on commercial mortgages
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