Finance4: the commercial business mortgage broker

Expert advice from the commercial business mortgage broker

Why use the services of a commercial business mortgage broker? If you are already in business and have an excellent relationship with you business bank manager, then maybe, just maybe you will get a great deal without having to search the market via a commercial business mortgage broker.

Even if you are going to approach your own bank directly, you will still have to put together the following information: Relevant CV', assets and liability statement, business plan, accounts for any business to be purchased, accounts for any existing business. Having gone to all this trouble, it makes sense to give a copy to a commercial business mortgage broker.

How big a difference can a commercial business mortgage broker make?

The answer is a huge difference, to give an example; if you wanted a residential mortgage and went directly to a high street lender, the difference between say, Abbey and The Halifax would be minimal. In the commercial business mortgage market, one lender may have a maximum loan to value (LTV) of 65% and another lender may be prepared to lend 85% LTV.

A commercial business mortgage broker will know which lenders to approach depending on which business sector you are looking to invest in. It's unlikely that the lender that will give the best terms for property development, will be able to give the best terms for financing a petrol station, or a house of multiple occupancy (for which you would need an HMO mortgage).

To talk to a commercial business mortgage broker please call Finance4 on 0800 019 9605

Can a commercial business mortgage broker help me if I don't have any accounts or proof of income?

Yes, Finance4 can arrange a commercial business mortgage without proof of income up to 85% LTV, even if your credit history is less than perfect. You won't need a CV or business plan, and there's no need for an interview or to change your business banking arrangements.

Sounds great doesn't it, well naturally there is a price to be paid in the interest rates for these types of products. BEWARE: many so called commercial business mortgage brokers only offer these types of finance. These products are extremely lucrative as the high interest rates and fees allow the lenders to pay big commissions to brokers.

Please call Finance4 on 0800 019 9605 for independent commercial mortgage advice.