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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.

Looking for a Buy to Let Network?

In today’s toughening market we have seen the main Buy to Let lenders taking the decision not to transact with any broker who is not registered with the FSA either directly or as an Appointed Representative of an Authorised business. With the rest of the lender market having already followed suit or making noises that they will soon be following suit, this has caused problems for brokers who are not Directly Authorised, or for those who would prefer to avoid paying the high fees that standard mortgage networks charge.

At Mortgages for Business we have developed an innovative solution that allows all brokers to transact with all Buy to Let lenders in the manner that they wish to under our Appointed Representative or Introducer Appointed Representative schemes – a Buy to Let network.

Our Buy to Let network is the first of it’s kind and looks to provide all brokers the opportunity to avoid the usual regulatory burden that may have been experienced in the past. By joining our Buy to Let network you will have access to all Buy to Let lenders plus specifically designed tools to help you find the best rates.
 
Our Buy to Let network schemes provide the broker:-

1. A cost effective route to transact with ALL Buy to Let lenders
2. Simple and easy sales process
3. Market leading Buy to Let mortgage sourcing and Portfolio Management tool – Mortgage Flow
4. Compliance support
5. Marketing Support
6. Mortgage Technical Help Desk

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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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Best National Adviser 2009

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Best Specialist Adviser & Best Overall Adviser 2008