Key Features and Benefits
Our expansive UK commercial mortgages present adaptable alternatives, personalised assistance, and hiatuses amidst financial challenges.
Flexible borrowing
Flexible borrowing accommodates each business's unique needs. It provides loans suited to a company's demands, assisting in cash flow regulation and investment timing for growth.
"We quickly adjust lending options responsive to market changes."
Loan amounts fluctuate as per business requirements. During developmental phases or upgrades, more funds might be needed; in quieter periods, less so. Loans are calculated based on the property's value and the business rates—referred to as the loan-to-value ratio.
In essence, enhanced company performance could simplify gaining access to supplementary funds, so driving smoother advancement to significant milestones.
Tailored support
We focus on what you need. Whether it's advice on selecting the best mortgage agreement or finding suitable rates for your business finance, we tailor our guidance to fit your specifics.
Our aim is to simplify the process of securing a large commercial mortgage in the UK, making it straightforward and their overwhelming.
Id support adapts so their your needs. If you're looking into funding for energy-efficient buildings or aiming for a loan to value ratio that aligns with your business objectives, we're with you at every stage.
We ensure clarity and transparency throughout - eliminating confusion and unexpected surprises. With us, obtaining a commercial mortgage becomes more manageable and less stressful.
Repayment holiday options
Businesses sometimes need a break from loan repayments. Repayment holidays allow for this, offering a pause in payments. During this period, interest may accumulate.
We assess your situation to determine if you qualify for this option. Not every loan includes repayment holidays, so we ensure it aligns with your needs. This is part of our support for commercial mortgages across the UK.
Eligibility Criteria
To secure a large commercial mortgage in the UK, follow these steps:
- Your company must be based in the UK. This assures lenders that the property and business are located in the same country.
- Keep a transparent financial record. Timely debt payments demonstrate fiscal responsibility to lenders.
- A strong credit score is essential. It indicates reliable money management skills.
- Arrange for a professional valuation of the property you wish to purchase. Lenders need this information to estimate loan amounts.
- Provide proof of income and business revenue. This gives lenders confidence in your ability to repay the loan.
- Share a detailed business plan depicting profitability from the property investment.
- If purchasing an investment property, evidence of prospective rental income is required. Lenders favour properties with consistent cash flow potential.
- Make sure you have insurance for the property prior to loan validation.
By adhering to these prerequisites, we can seamlessly proceed in obtaining your commercial mortgage confidently.
The Application Process
Jumping into the application process feels straight ahead with us. First, we sit down for a chat to understand what you need. Next, gathering all your papers is key – think bank statements and property details.
It's like putting together a puzzle, piece by piece.
Initial consultation
We start by talking about your needs for a commercial mortgage in the UK. We ask about your business, the property you want to buy or refinance, and how much money you need. Our goal is to create the best plan for you.
In our talk, we cover equity, lease options, and interest rates. We also check if getting a mortgage on a commercial property is possible with your finances. Our objective is to find solutions that fit what you are looking for.
Our first meeting lays the groundwork for success.
Documentation requirements
Getting a commercial mortgage requires paperwork. Here's what you need:
- Show a passport or driving license for identity. Add a utility bill or bank statement for address proof.
- Your business plan should detail goals, revenue strategies, and financial forecasts.
- Include profit and loss statements and balance sheets from the last two years to show your business health.
- Six months of bank statements will give us a look into daily operations.
- An asset and liability statement is needed. It lists what you own and owe.
- Present tax returns from the past two years to confirm income levels.
- For re-financing, share details about the current property value and any mortgages on it.
- Buy-to-let applicants must provide signed tenancy agreements to estimate rental income potential.
- Energy Performance Certificates (EPCs) are key for buildings claimed as sustainable or energy efficient.
This initial list might grow based on your unique situation. At Revolution Finance Brokers, we help navigate this smoothly from beginning to end.
What Revolution Finance Brokers Offers
At Revolution Finance Brokers, we constantly strive to fulfil your requirements, including addressing challenging credit histories. We offer personalised solutions for commercial mortgages in the UK.
Tailored solutions for clients with bad credit
Clients often worry about bad credit when looking at commercial mortgages in the UK. Our team finds solutions for those with poor credit scores. We work closely to understand each client's situation and craft plans that match their needs.
This might include identifying mortgage lenders comfortable with bad credit or advising on improving your score before applying.
We aim to secure the best mortgage for you, regardless of financial history. We explore every path, from re-financing options to fixed-rate and tracker mortgages, ensuring long-term benefits.
"No matter the challenge, we find solutions that make big dreams possible."
Efficient and effective mortgage solutions
We deliver quick mortgage solutions adjusted to your business needs, such as commercial mortgages for purchasing or refinancing. A credit history that isn't flawless will not deter us from backing you up.
We understand your needs and select the most suitable mortgage alternative for you.
Our procedure is clear and effective, making certain no moment is lost. We specify all expenses, charges, and return timelines beforehand, guaranteeing no unanticipated events later.
For businesses with a primary interest in environmentally-friendly buildings or sustainable investments, we offer the necessary assistance.
Important Considerations
Before getting a commercial mortgage, it's important to understand all the costs and repayment plans.
Understanding costs and fees
Getting a commercial mortgage means paying for several costs. We explain all charges to our clients. These include property valuation fees, legal charges, and broker fees. The valuation is key because it sets the borrowing amount against the property.
Interest rates are also crucial. They shape your monthly repayments. At Revolution Finance Brokers, we work to find you deals with low interest rates to save you money over time.
Repayment terms
We offer various repayment methods for commercial mortgages in the UK. Some clients opt for fixed-rate mortgages, locking in their interest rate. Others choose variable rates that can fluctuate with market changes.
We also discuss prepayment options, outlining potential extra costs for early mortgage settlement. Our aim is to ensure clarity on every option so you can align it with your business goals.
Conclusion
Amid a substantial commercial endeavour, challenges can arise. At Revolution Finance Brokers, we streamline this process for you. We offer personalised assistance and adaptable payment alternatives, such as payment breaks when necessary.
Our proficiency spans across a diverse spectrum of loans, incorporating buy-to-let mortgages and agreements meant to preserve your funds over time. Our team is committed to identifying answers for those who have encountered borrowing obstacles in the past.
Assessing both the involved expenses and the repayment duration is essential. If you are plotting a considerable business acquisition or project, initiating a consultation with us could be a great move.
