Bad
Credit Commercial Mortgage
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Us
Commercial
Business Finance Bridging
Loan Factoring
Sub-prime
Commercial Lending
Businesses
may have had past credit problems for example with failed
mortgage payments, defaults, loan arrears,
missed
repayments and county court judgments. Previously this would
have been very difficult to place with any commercial lender.
Now however there are a few new lenders who have taken a radical,
more open minded approach. Usually the degree of adverse credit
will determine the loan to value of the mortgage given, this
is to reduce the exposure of risk to the lender.
This
might be used to re mortgage even if the business or company
owner has had a credit problem or missed some repayments.
Remortgaging maybe used to raise capital for new equipment,
perhaps a business premises relocation or a cash injection
to enable growth and expansion. Generally the lender will
only lend on the value of the bricks and mortar as opposed
to goodwill or extra open market business value.
Adverse
commercial finance maybe be for a buy to let property, semi
commercial mortgage, development, land and refurbishments
which can be either unregulated by the Financial
Services Authority
or regulated. It is now possible also to potentially obtain
business finance for self-certification or self cert type
mortgages, this can be very useful as a business may potentially
remortgage with minimum paperwork which will speed up the
lending process which is often hampered by large quantities
of paperwork and potentially may not reflect a company's true
value or worth.
The
following APR relates to the above products only.
THE OVERALL COST FOR COMPARISON IS :-
8.9%
APR
The actual rate available will depend upon your circumstances
ask for a personalised illustration. |
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