Welcome to the Commercial Mortgages area of our website.  This is the section for you if you‘re looking for a business mortgage to purchase your premises or if you’re a commercial property investor looking to finance either a purchase or remortgage.  Please be aware our Commercial Mortgages section doesn’t include rate information because in most cases rates are determined on an individual basis based on the strength of your proposition.  To assess the rate you’re likely to pay, please fill in the quick enquiry form and we’ll call you back to chat through your proposition to target the right choice of Commercial Mortgages for you.

Our extensive range of products from leading lenders covers the whole market and offers the best solution to your needs.

From a sole trader without accounts to established businesses, we find the best deal available.

Even if you  have a history of poor credit, including bankruptcy, arrears or county court judgements, we can still help.

• Advances from £25,001 to no maximum
• Repayment terms from 3 to 40 years
• Market leading LTV’s (up to 100% LTV with additional security)
• Up to 100% LTV on professional practices
• Interest only periods available (including full duration of the loan)
• Repayment holiday schemes
• Business start ups
• Self certification
• Leasehold purchases (short and long term)

All types of commercial property may be considered, including:

• Industrial
• Warehouses
• Offices
• Retail
• Nursing and care homes
• Franchises
• Hotels and guesthouses
• Public houses and restaurants
• Farms
• Land

ENQUIRE NOW ! – ASK US ANY QUESTION – CLICK HERE

Please Note: Commercial Mortgages are NOT regulated by the Financial Services Authority as they are regarded as a commercial investment transaction.

Compare Commercial business Mortgage rates from a wide range of commercial mortgage lenders – Let us help you find a great commercial mortgage deal that meets you needs. We can help source commercial mortgage rates for; shops, cafes, bars, restaurants, takeaways, shops with flats above, guesthouse B&B’s, offices, warehouses, industrial units, kennels, farms – you name it !

For a FREE quote on Commercial / business insurance, Liability insurance – >>click here<<

Commercial Mortgages

With the Commercial mortgage rates and commercial mortgage lenders becoming tighter in their commercial lending criteria, let us help you find the best commercial mortgage rate deal from our large panel of commercial mortgage lenders and compare Commercial Mortgages and the best deals…

UK Bridging Finance Explained

Commercial bridging finance is a loan, or short-term mortgage, usually for a period of 12 months or less, which may be used towards the purchase of a property, to consolidate debts or to resolve a temporary cash flow situation within a commercially operated business. The loan or short-term commercial mortgage is secured against existing property.

ENQUIRE NOW ! – ASK US ANY QUESTION – CLICK HERE FOR UK BRIDGING FINANCE

Please Note: Bridging Finance / Commercial Mortgages are NOT regulated by the Financial Services Authority as they are regarded as a commercial investment transaction.

Bridging Finance UK continued..

Commercial bridging finance is a loan, or short-term mortgage, usually for a period of 12 months or less, which may be used towards the purchase of a property, to consolidate debts or to resolve a temporary cash flow situation within a commercially operated business. The loan or short-term commercial mortgage is secured against existing property.

Why use Bridging finance?

1. Tight deadline- Most auction houses have tight deadlines for completion and in the current market these are very difficult to achieve using a traditional Buy to Let Mortgage. Our lenders provide funding within 7 to 10 days giving you peace of mind. For further assurance we can conduct a valuation before the auction and provide indicative terms, so you can go to auction knowing exactly how much you can bid and how much the funding will need.

2. Property un-mortgageable in its current state- Often properties at auction are in need of works or refurbishment. Having no kitchen or bathroom for example can mean that traditional Buy to Let lenders will not lend on a property or will ask for a significant retention of funds. Our lenders will take a commercial view and, often lend without the retention. Our funding enables you to do the necessary refurbishment work, bringing the property up to the required standard needed for a Buy to Let refinance deal.

3. Add value before refinancing- For many investors, using bridging finance provides the best way to recoup deposit/refurbishment funds and therefore maximise return on investment. Bridging funds are used to purchase the property and then upgrade/refurbish giving an uplift in value. Upon revaluation you are able to re-finance against a higher value, which in most cases results in recouping all of the deposit and refurbishment funds. Using a bridge means the purchasers funds are “tied in” for a very short period of time, cash flow is maximised.

4. Credit repair- In the current market a poor/adverse credit profile will make obtaining a mortgage very difficult and/or extremely expensive. A bridging loan of between 6 -9 months will give you the opportunity to repair your credit file before re-financing into a long term mortgage at a more competitive rate.

5. Buying a property to sell quickly- When an investor is buying a property to sell quickly (flip on) the fees associated with a mortgage (set up, Interest, ERC) can outweigh the costs of a bridge. Some of our lenders have no minimum term enabling you to sell quickly without paying further interest.

6. Sales under Value- In the current market many purchasers/investors are buying property below market value. Our lenders will take a commercial view and in certain circumstances lend against the “Open Market Value” of the property. By lending against the open market value, the deposit needed by you is reduced again easing cash flow therefore increasing your return on investment and making the auction purchase achievable.

Bridging finance Explained more …

A bridging loan is a short-term loan secured against a freehold or long-leasehold property allowing business people and individuals to:

• Borrow money against market actual market value of a property rather than a discounted purchase price.
• Purchase one property before completion on the sale of another
• Arrange temporary funding for the purchase of a an un-mortgagable property pending repairs.
• Fund the purchase of a property in need of refurbishment, with a view to resale on completion of the improvements. In these circumstances we can also arrange additional funds cover the cost of the works.
• Beat a deadline to buy a property, for example funding the urgent purchase of a property pending arrangement of a long-term mortgage. This can be particularly useful in auction situations
• Release cash quickly without being tied into a long-term mortgage
• Borrow short-term against the value of a property, not against income multiples.

The list is nearly endless, but the common denominator for those requiring bridging finance is that the loan is required at short notice.

What is Bridging finance Secured Against?

Whether you need business bridging finance or personal bridging finance the UK funds can be secured against residential, semi-commercial or commercial property, or indeed a mixture. Bridging finance companies will lend against freehold or long-leasehold property anywhere in the UK on a first or second charge basis. Below are some examples of the types of property often used to secure a bridging loan:

• Residential property, including investment property and HMO’s
• Residential developments
• Commercial property, including factories and warehouses
• Commercial developments
• Offices & Retails units
• Land (even land without planning permission)

Due to the short-term nature of bridging finance the rates can seem expensive at first glance, however it is worth considering the costs against the benefits of having funds arranged quickly.

Bridging finance come in two varieties – “open ended” or “closed”. An open bridging loan requires no pre-arranged exit for the lender. A closed bridging loan is where there is a guaranteed exit for the lender. This is normally in the form of a sale place. Other forms of firm exit routes can also be used. Closed bridging loans generally are for a much shorter term than an “open bridge” however funding of up to 12 months should not be a problem. The rates for an open bridging loan are usually higher than for a closed loan due to the increased risk for the lender. Bridging finance can become complex as the lender may often require the borrower to put up his new home as security for the loan in case the borrower does not have enough other collateral for the loan to be secured on.

An ‘open’ bridge is taken out by buyers who have found their ideal property but have not yet put their own property on the market. A lender will usually ask more questions and want more supporting documentation. A lender will also insist on you having lots of equity in the security properties. A closed bridging loan may be used when a secure date for the exit of the bridge is definite and with a set completion date. As this is less risky the lender charges a lower interest rate. An open bridging loan presents higher risks for the lender. This situation arises when there is not an exact exit date for the loan. The borrower may in fact be seeking a mortgage to remove the bridge. The open nature and uncertainty of an open bridge means higher interest rates and higher loan costs. The benefits are that bridging finance is delivered fast

Commercial Mortgage Introducer

Commercial Mortgage Introducer

50/50 Commission split – probably one of the best in the UK

Welcome to our commercial mortgage packaging arm, we specialise in providing straight forward commercial mortgage services to our network of introducers. We deal with Commercial and residential mortgage brokers across the UK, if you have a commercial mortgage packaging enquiry and want help finding the best deal, then simply send the case to us. We will then search across our commercial lenders.

PLEDGE: YOUR CLIENTS REMAIN YOURS AT ALL TIMES AND WE GUARANTEE TO PAY YOU YOUR BROKER FEE ON COMPLETION

As an Introducer to us – We guarantee to keep you informed and involved in the process – sending YOU the paperwork to take to YOUR clients and we guarantee to pay you your required commission within 24 hrs of the lender paying us. When a potential end of deal comes up – we will notify you and hopefully act as your commercial mortgage packager to remortgage your clients again. They STAY your clients.

This relationship is of course built on trust – if we send you the details of a mortgage and we subsequently find you have approached the lender direct – your entire company – ALL advisors from your practice would be banned from using our service again.

Download our Commercial mortgage enquiry form here

Or simply fax the full case details to us on 01924 800611

• Commercial Mortgage Packager — self cert commercial mortgages
• Commercial Mortgage Packaging — bridging finance

We offer a commercial mortgage packager service across all property types from garages to hotels, from shops, cafes, bars, restaurants, takeaways, shops with flats above, guesthouse B&B’s, offices, warehouses, industrial units, kennels, farms and more – you name it !With the Commercial Lenders becoming tighter in their commercial lending criteria, let us help you find the best commercial mortgage deal from our large panel of commercial mortgage lenders.

A commercial mortgage provides an excellent business finance solution for a company to purchase land, property or acquire an existing business. Commercial Mortgage Lenders do tend to only lend on the ‘bricks and mortar’ not goodwill. Commercial Lenders will want to secure a first charge over the property in order to secure their finance.

* The COMMERCIAL MORTGAGE PACKAGING services promoted here are NOT part of the Openwork offering and are offered in our own right. Openwork Limited accept NO responsibility for this aspect of our business. Commercial mortgages are not regulated by the Financial Services Authority.

• Commercial Mortgage Packager-
• Commercial Mortgage Packaging