This area is far more specialised area than Residential borrowing. For most businesses, property purchase is the biggest investment after staff. HRC can source the best deal for you, depending on the type of property, loan to value, business and personal history. We can often provide finance for clients who have been refused a loan by their Bank or present lender.
Every mortgage/loan application is unique and it is important that each is carefully prepared and presented. It is vital that all possible information required is provided i.e. accounts; business plan; bank statements. Ideally, audited accounts should be available for the business confirming that the business has, from existing turnover, the ability to meet your borrowing and drawing requirements. However, it is recognised that for a variety of reasons this may not always be the case and that the lending will need to be assessed on the potential of the business under your control.
HRC can source mortgages/loans for most types of business and commercial premises. We can provide lending for Factories; Office Blocks, Appartment Blocks; Warehouses; Shops; Hotels; Public Houses; Nursing & Care Homes; Farms; Golf courses; Equestrian centres; Petrol Stations. We also have lenders who will consider more unusual properties such as Leisure Centres.
We also have lenders who provide "100% Development Finance" for Builders. Bridging Finance is also available. For Investors looking to invest their money, the Commercial Property Market has a great deal of attraction at this time. At a time when returns from the equity markets have been very low, this market could produce a far higher rate of return. Whilst in every case we will endeavour to obtain the best terms for our clients, they are subject to an acceptable proposition. For sound deals, rates of between Bank Base +1.5% and 2.75% should be anticipated and for more marginal propositions an interest rate of between Bank Base + 3% and 4% is usual. For more information, please contact us on 0191 488 8445 |
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