Non-Conforming

SME business borrowers, self employed traders and partnerships have found the raising of commercial mortgage finance is becoming increasingly difficult.

Mortgages for Business recognise that not everyone has a perfect credit history, and cater for clients with IVA, CCJs, mortgage arrears and discharged bankruptcy.  Although there may be restricted in commercial finance options, Mortgages for Business can still help in the purchase of business premises at competitive rates.

Mortgages for Business can provide solutions to problems in gaining commercial finance, for example if the customer does not have a business plan or three years audited accounts.  Most banks have moved out of the owner occupier and small business market in favour of commercial investment proprieties, therefore your commercial financing options are becoming increasingly limited.

The maximum loan to property value for non-conforming commercial property purchase will be 75%, and an absolute maximum of 85%.

With regard to rates a good benchmark to consider would be Bank Base Rate + 2.5% upwards, dependent on the severity of financial difficulties and personal circumstances.

We can offer a maximum mortgage term of a non conforming proposition of 30 years.