Key Features and Benefits
Our commercial mortgages adjust to meet your requirements, and you won't face extra fees for early repayment.
Flexible borrowing options
We offer a range of borrowing options, including buy to let mortgages and bridging loans. These are great for anyone looking to invest in property or needing quick funding. We guide you through the application process, explaining all required documentation clearly.
We also understand circumstances can change. Our mortgages have no early repayment fees, offering flexibility and easing your mind.
No early repayment fees
Paying off a commercial mortgage early saves on interest. Our loans have no early repayment charges, letting you pay more when possible or settle the debt ahead of time without extra fees.
Having no early repayment fees adds flexibility to your business finances. If plans change, paying back your commercial mortgage faster doesn't cost extra. This approach helps our services meet your needs.
Types of Commercial Mortgages
We offer a range of commercial mortgages for different needs, from long-term investments in rental properties to short-term solutions for transitions.
- For lasting rental income, consider our investment options.
- If you're moving deals, our short bridge loans can help.
Buy-to-Let Mortgages
Buy-to-let mortgages help us buy properties to rent out. The lender checks the potential rental income and our credit history to decide on the loan amount. Typically, we need at least a 25% deposit of the property's value.
Interest rates for these loans are usually higher. Choosing the right property and tenants is key for consistent rental income each month.
Bridging Loans
Bridging loans offer a quick solution for borrowing money short-term. They are ideal when you need to purchase a new property before selling your existing one. We can secure these loans quickly, often within days, providing a seamless transition between property deals.
Our service includes competitive rates and transparent terms to ensure clarity on fees, interest rates, and total repayment amounts. Our goal is to support clients in making smooth investments transitions with minimal stress.
How to Apply for a Commercial Mortgage
To get a commercial mortgage, you need to prepare the right documents. Here's what we need from you:
- Complete application forms.
- Provide your financial history.
Necessary documentation
For a successful commercial mortgage application, you need to provide several key documents. These help us evaluate your business and figure out the loan amount. The necessary paperwork includes:
- Passport or driving licence along with a utility bill or bank statement for identity and address proof.
- A comprehensive business plan outlining your goals and financial strategy.
- Your company's financial statements from the last two years to verify income and stability.
- Personal and business bank statements from the past six months.
- Recent Profit and Loss statements showing your company's financial performance.
- Statements of assets and liabilities detailing what you own and owe.
- A credit report to assess how you handle debt.
- Information on the property you wish to purchase, highlighting its value.
If applicable:
- Documents that confirm current or estimated business rates for the property,
- Legal documents related to any loans or debts linked with properties or assets.
At Revolution Finance Brokers, we guide our clients in preparing these documents for streamlined processing.
Application process
Obtaining a commercial mortgage with us is straightforward. Here are the steps:
- Gather necessary documentation such as your business plan, accounts, bank statements, and real estate specifics.
- Optimise your business credit score to improve your prospects.
- Employ our website's mortgage calculator for a ballpark figure of your potential borrowing.
- Reach out via phone or email to Revolution Finance Brokers.
- We'll examine your documentation and understand your requirements.
- We explore the top commercial mortgage rates available.
- We clarify all terms and conditions of a favourable option we discover.
- We guide you through the accurate completion of the application form.
- Dispatch the application form with all necessary paperwork included.
- The lender will scrutinise it and might ask for further details.
- On the event of sanction, they generate a formal mortgage proposal.
- Discuss the proposal with us for agreement with your anticipations.
- Should the proposal fit your requirements, accept it.
By adhering to these steps, you're making progress in attaining a commercial mortgage for real estate investment or broadening your business in London or beyond in the UK.
Understanding Commercial Mortgage Rates
Commercial mortgage rates can change. They depend on several factors. A good credit history means lower rates because the bank views the business as less risky. The value of the property also matters.
More valuable properties offer better security, reducing risk for lenders.
Interest types affect payments too. Fixed interest keeps payments stable, whereas variable rates can go up or down with market changes, such as SOFR or LIBOR shifts. At Revolution Finance Brokers, we've seen how knowing these details helps clients choose the right commercial mortgages in UK markets to match their financial goals and budgets.
Why Choose Revolution Finance Brokers?
At Revolution Finance Brokers, we assist you in identifying the premier commercial mortgage with competitive rates and personalised assistance. Our proficiency makes your pursuit for the optimum financing choices for your property aspirations straightforward.
Tailored support
We provide customised assistance to match the unique requirements of every client. Our primary aim is on obtaining the most favourable commercial mortgage and preserving the value of the property.
We recognise that arranging finance for your property ought to be straightforward.
Our proficiency in equity, credit scores, and interest-only mortgages assists clients in their application procedure. We supply explicit information on expenses and required documents for a commercial mortgage.
In addition, we give recommendations on energy-saving alternatives such as solar photovoltaic systems to attain net zero targets, and manage non-domestic rates effectively.
Competitive rates
Our rates are competitive, aiming to reduce your expenses. This includes both buy-to-let mortgages and bridging loans. We understand that the best deals combine low interest rates with terms that suit your project perfectly.
By working with a variety of lenders in the UK, we ensure you have access to the best options.
Choosing a commercial mortgage without early repayment fees can lead to significant savings if you decide to settle your loan early. Our team presents all available choices, assisting you in selecting the most cost-effective option that satisfies your financial requirements.
Conclusion
As we conclude, consider that a commercial mortgage can elevate your business. At Revolution Finance Brokers, we present options and charges that correspond with your budget. We have clarified these mortgages, their operations, and our position in the procedure.
Be it for acquiring property or enhancing cash flow, our help is available. Select us to provide your business with the support it requires with a dependable collaborator at your side.
