Mortgages For Business: Case studies

75% LTV new build multi-unit property

Jun 8 2011 12:00AM

Company directors wishing to purchase recently completed units from their own limited company. The company had built eight units, sold six and wished to retain two of them to add to their existing investment portfolio.

Bed and Breakfast purchase. (May 2011)

May 19 2011 12:00AM

Husband and wife applicants wished to purchase an established B&B business, following his redundancy. The applicants’ contribution/balance of the purchase money was raised from a re-mortgage of two of their buy to let properties, which were coordinated with different lenders to produce a successful outcome.

Title: Commercial investment re-mortgage for a retail premises let to a newsagents. 10 years remaining on the lease. (March 2011)

Mar 16 2011 12:00AM

A loan of £180,000 was requested to repay Royal Bank of Scotland, which currently has a reduced appetite for property mortgages.

Hotel Purchase – Isle of Wight (December 2009)

Jan 14 2010 12:00AM

Customers approached us having googled Commercial Mortgages. They had been introduced to the Vendor’s bank with a view to them financing the acquisition but were not happy with the speed their application was progressing as they had a fairly tight time scale to secure the business.

Motorcycle Parts Manufacturer (October 2009)

Jan 14 2010 12:00AM

Our client, a successful company specialising in the manufacture and supply of sports motorcycle tuning parts had outgrown their previous premises having already extended to the maximum size available on that site...

West End Medical Practioners (November 2009)

Jan 14 2010 12:00AM

Our customer was looking for funding to purchase a property containing mixed residential and medical practitioners in a prime location in the West End of London. Medical practitioners occupied the...

Auction Purchase – Commercial Vehicle Repair Yard (September 2009)

Jan 14 2010 12:00AM

Applicants were renting yard premises and existing site came up for sale at Auction. Purchase price £1.45m and existing bankers gave them assurances that 60% funding would not be an issue and that auction deadline could be met.