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Prime Commercial Mortgages

Never before has it been so hard to find finance for your business however lenders are still lending to the 'right' businesses. How do you make sure your business is the 'right' customer for one of the banks or building societies?

Preparation is key.

Lenders want to see as much background on your business and previous experience as ever before, if you want finance in this market be prepared to provide as much evidence as possible.

Prime / High Street Lenders will lend up to 70% on most types of security, however in some cases up to 75% LTV is available subject to serviceability.

What information will you need?

Not all the information listed below will be relevant for all deals as each is different the depth of supporting information varies from sector to sector.

  • 6 months personal and/or existing business bank statements to confirm the client maintains an existing satisfactory bank account.
  • 6 months of personal statements required
    • Evidence of ability to repay the borrowing via any of the following;
    • Profit & Loss Accounts covering last 3 years, with supporting Balance Sheets
    • Profit Projections
    • Cash flow Forecasts
    • Tenancy Agreements
    • Payslips.
    • VAT Returns
  • Breakdown of Project costings*
  • Confirmation of Planning Permission / change of use*
  • Build Plans*
  • Sale Particulars
  • Trust Deed & Rules (if applicable)
  • Schedule of any other investment properties, including OMV's, Mortgages, Rental income, etc.

* Development finance projects

Our whole of market prime product knowledge and senior level contacts allow us to place prime cases with the best possible lending source.

Call us now to find out what we can offer you.

 

 

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