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Exclusive Light Refurbishment Product!

Mortgages for Business is pleased to announce a new and exclusive mortgage product for experienced property investors looking to purchase or refinance residential investment properties in need of some work based on 70% OF END VALUE (with a retention at the outset).

The majority of lenders will only release mortgage funds once a property is let and the few lenders that will take a view, do not cater for the larger projects or the more complex properties (HMO, Multi-unit Freeholds), or indeed those properties owned in Ltd companies. The product highlights are:-

• Initial loan up to 65% of purchase price or value (whichever is the lower)
• Further funds retained and released post refurbishment up to 70% of end value
• Interest Rate 5% above Base Rate with a 1% loading during the refurbishment phase
• Lender Fee 2.5% (currently deducted from loan)
• Booking fee of £500
• Available for Residential, Semi-Commercial and Commercial property

For further information on this offering and to discuss your needs please contact us on 0845 148 9238.

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We’d like to welcome you to the exclusive member extranet, a central access point for all the information and support you should need to transact business under your Appointed Representative or Introducer Appointed Representative membership.

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Latest partner news

Funding for HMOs, Freehold Conversions & Limited Companies now available with MFB

We are pleased to announce that Mortgages for Business now has access to semi-exclusive funding for HMOs, Freehold Conversions and Limited Companies available from new Commercial lender, Aldermore Bank Plc. We have been specially selected onto the Aldermore panel and such funding lines will not be available outside of this small panel of brokers. Funding is limited so call now!

Latest lender news

Buy to Let funding for Irish Nationals

We have access to lenders who will consider Irish Nationals Buy to Let applications up to 70% loan to value! Each application will be considered on a case by case scenario, assessed on affordability and the client will need to provide evidence of income. In some cases overseas investors can receive better rates than UK investors!

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  • default Earn more with Residential Referrals As a valued introducer of Mortgages for Business you'll have access to a qualified and regulated independent mortgage broker. By referring those clients who are interested in a mortgage for their own personal home you can earn more commission without the hassle of the usual regulatory issues and client chasing.
  • default CML responds to Bank Lending Survey The CML welcomed publication of the new Trends in Lending report by the Bank of England, which highlights the need for measures in tomorrow's Budget to enhance lending activity by encouraging all types of firms to commit more funds to the mortgage market.

Commercial Mortgage Packager

Mortgages for Business has been specialising in Commercial Mortgages for the past 20 years and is well placed to assist with your clients’ commercial funding needs.

If you have a client looking for Commercial Mortgage finance then we have the right expertise and whole of market lender relationships to make the deal happen! We can help with any of the following:

- Trading Businesses: Commercial Owner Occupier Mortgages

- Commercial Investment Mortgages

- HMOs & Ltd Company Buy to Lets

- Development & Refurbishment Finance

- Bridging Loans / Short Term finance

- Secured Loans / 2nd Charge Borrowing

For full details of our Commercial Packager Proposition, please call 0845 148 9238.

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