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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 Mortgage Packager?

At Mortgages for Business we have a market leading and award winning mortgage brokerage whose quality of submissions and business volumes affords us with exclusive product offerings, preferential mortgage processing and enhanced remuneration both in the Commercial and Buy to Let markets.

If you’re looking for a Commercial and Buy to Let mortgage packager, these advantages underpin our well-established mortgage packaging division together with our specialist knowledge in the area.  As a Commercial and Buy to Let mortgage packager we are able to offer you assistance in placing Commercial and Buy to Let cases through our Mortgage Technical Desk as well as access to the market leading Buy to Let Mortgage Broker tool Mortgage Flow. Our well established sales process and case management team will ensure that all introduced business will be dealt with from submission to completion in the shortest time frame possible.

We feel that if you’re looking for a Commercial and Buy to Let mortgage packager then we can offer you the market leading mortgage packager service. In addition, our services are not limited to just mortgages, we can provide you access to various other potential income streams and support services, including a suite of marketing options.

 

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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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