About Us
PFN Finance specialises in all element of commercial finance funding. As independent commercial brokers we have access to a large range of Banks, Building Societies, Finance Houses and Specialist lenders. Our staff have a wealth of knowledge and expertise in Building A Property Portfolio in this sector with an excess of 35 years of experience. Our knowledge of the industry makes us very aware that poorly researched or presented application form are very often completely rejected for the wrong reasons.We use our knowledge to approach an appropriate lender for the particular case. This provides the client with a competitive package straight away whatever to requirements.
WE ARE A BROKER, NOT A LENDER Following an initial discussion, we will agree the way forward, hold detailed discussions with you, normally face to face, to gain all the necessary information with a view to getting a straightforward and positive decision from the lender. We operate with a policy of no up-front fees. Our fee package is flexible and only payable on results. All fees are agreed in advance and confirmed in writing.
What Are Commercial Property Mortgages? As a business gradually grows, they tend to acquire new and better equipment and hire more workers and ultimately expand on the operation. This usually leads to a very common requirement, more space. There are various levels of expansion, but nearly all of them can only be made possible if one acquires more space. One sees this with smaller startups that prefer to rent, whereas more established organizations prefer to take on a commercial mortgage. We’ve put together this article to help you understand what Commercial Property mortgages are and how they can benefit you.
What Are Commercial Mortgages?
A commercial mortgage in simple terms is a loan taken on by a business to buy land or property for the operation of said business. The money is usually borrowed from a specialist lender or a high street bank and follows the common system of monthly payments including interest. Although it might seem that owning a business is the only way to acquire a commercial mortgage, this isn’t true. One can take on a commercial mortgage as an investor, to buy the property and then lease it out.
How to Get a Commercial Mortgage
Firstly one must understand their requirements and get a basic understanding of the market. Ultimately zero in on a lender whose terms and conditions are comfortable and of minimum risk to your entity. Consider PFN Finance to help you. If you plan on taking out a commercial property mortgage with us, keep in mind that certain documents will be needed to complete your application. Be sure to have: 1. Your tax returns and accounts 2. Details of business partners and/or directors 3. A recent bank, liability, and asset statements record 4. Current performance figures 5. Projected performance figures
Conclusion
We hope this article helped you understand commercial property mortgages and their benefits better. If you’re considering taking out a commercial mortgage, PFN Finance is the perfect way to go about it. Our experts will be happy to help you!
Contact Us Address - Roadside Farm, Little Salisbury, Pewsey, Wiltshire, SN9 5NB. Phone - 01672 569040 Email - info@pfnfinance.co.uk
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