Commercial Mortgage For Nightclubs in Hayes London About commercial mortgages What is Commercial Mortgage? A commercial mortgage is a loan assured on a property. Commercial mortgages, usually known as business mortgages, allow business landlords to borrow the money to purchase property or land for the growth of their business. A business mortgage is different from a regular mortgage not backed by a government agency.
Benefits of Commercial mortgage:●
Commercial Mortgage is beneficial to refinance the land or property for commercial use.
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You got to benefit from any increase in the value of a property without the restrictions of renting by taking out a commercial mortgage.
● You will be able to rent out the property to generate extra earnings.
Commercial Mortgage for Nightclubs Commercial Mortgage For Nightclubs in London usually represents the most affordable, most profitable way to secure a Nightclub and pub – mainly when it comes to freeholds. According to some freeholders, a commercial mortgage is the best funding solution.
How is it beneficial? Here are some reasons to think about taking out a commercial mortgage:● Commercial mortgages manage to offer more reasonable interest rates in night clubs or pubs. ● The minimum mortgage amount of £25,000 but no maximum figure ● The maximum loan to value (LTV) is up to 80% but could be higher in particular situations.
How and from where to get a Commercial Mortgage? To get a mortgage on a commercial property in hayes London, consider the following steps: ● Hiring an expert mortgage broker could help secure that you are paired with a suitable lender and make the process more effortless. ● A commercial mortgage is a complex by nature. Thus carefully consider which mortgage to opt for and ensure to afford the monthly payments. At UR mortgage, we can provide secure, quick, and suitable funding for your nightclub business.
About UR Mortgage UR Mortgage is based in London and provides services across the UK. Our expert advisers counsel you through the process. Simple and efficient. At UR Mortgages, we also considered commercial mortgages such as nightclubs, pubs, and part-developed property, land with no planning approval or agricultural restrictions. Get quick free, impartial advice and support on pure commercial and semi-commercial / mixed-use mortgages.
The benefits of choosing UR Mortgage:We can help you find the best rates from our panel of commercial lenders. Many brokers charge fees, but UR Mortgage provides their service without charging you. Other reasons to choose us ● ● ● ● ● ● ●
Fixed and variable interest rates are available Repayment terms up to 30 years Bad credit score accepted Access to high street and challenger banks. The maximum LTV offered is up to 70%. Loan term up to 30 years.
Criteria to qualify with us You have to qualify some criteria for funding with us. Keep in mind that: ● your business is in the United Kingdom as a limited company, partnership, sole trader, individual, or LLP. ● The age of a Business owner is up to 18 years.
Important Points to consider ● You can apply for a commercial mortgage for a nightclub if you have a bad credit rating, No credit history, Low credit score, Late payment. ● Fixed-rate mortgages are available for amounts under £500,000, where the lender takes the rate risk themselves, they may be beneficial. ● Commercial mortgages for nightclubs are available to those looking to purchase a Nightclub and those who already own them and looking to refinance them. ● You can get a commercial mortgage in your name or hold by a Limited company, Limited Liability Partnership (LLP), Sole Traders, Partnerships. ● Purchasing or remortgaging commercial property is available whether you are an investor or an owner-occupier.
By speaking to the best commercial mortgage broker, you could potentially save time and money. UR Mortgage has a mission to provide the best financial advice to their customers through their ideal mortgage advisor. Contact us for more information, at +44 7956298310 or visit https://www.urmortgage.co.uk/commercial-mortgages