Commercial Mortgages for Offices
Terms are available to support transactions of all shapes and sizes, from businesses buying their first premises to multimillion pound portfolios for large established companies.
Funding options are available up at 82% Loan to Property Value. Additional debt terms also available through other avenues where this is insufficient to meet the requirement, whether that be unsecured or funding against additional assets including goodwill.
Terms can be structured up to 30 years, however we find most clients prefer to utilise 5 years to 25 years as these can often include lower interest rates. Recent Credit Sanction achieved for 80% Loan to Property Value, interest rate of 1.95% plus Base Rate.
Many businesses who currently rent their office space approach us to investigate terms available to either buy their current premises or look at alternative locations. Often they are surprised to find we are able to arrange a larger facility or on lower terms than they had expected.
We are also able to take into consideration where part of the property is let to another third party or multiple parties, or where the asset in question incorporates living accommodation.
What’s required for an assessment? Whilst we can often quote on the first call or in response to the initial email with outline terms available, in order to allow a member of the team to fully appraise an enquiry, it is very useful to have the following information available:
- Latest accounts
- Expected Property Value
- Required Loan amount
- Proposed use of funds (i.e. purchase, remortgage)
- Indication of client experience in the relevant sector and also an understanding of the business itself
Whilst more information will be needed in due course, the information above will allow an initial appraisal and an indication of financial terms to be outlined.
