Bad Credit Commercial Mortgage
Bad Credit Commercial Mortgage to help you buy new or bigger business premises, remortgage you current property or invest in Commercial Property Development even if you have credit problems.
Most of the UK building societies and high street banks lend to “low risk” businesses, usually where the business has built up a credible trading history, is currently trading profitably and the ability to repay the mortgage is clearly evident.
However, not all UK businesses fall into this category and need an alternative option when the bank says NO! - Bad Credit Commercial Mortgage
Sterling Capital Reserve Ltd regularly package Bad Credit Commercial Mortgage applications for specialist Bad Credit Commercial Mortgage lenders. We are one of the few brokers who can arrange Commercial Mortgages for businesses with debt or credit problems. Unlike traditional banks who tend to concentrate on historic performance, these lenders prefer to look forwards rather than backwards, which means that Bad Credit Commercial Mortgage can be obtained for businesses with:
- County court judgements
- Mortgage arrears
- No accounts
- Poor credit rating
- Historically loss making
There are no hard and fast rules, each Bad Credit Commercial Mortgage application is judged on its own merits. These Bad Credit Commercial Mortgage lenders are ideal for businesses (sole traders, partnerships or limited companies) which are looking for:
- debt consolidation
- business turnaround / phoenix
- new business start ups
- business refinance
- where the incumbent bank want their money back!
The benefits of a Bad Credit Commercial Mortgage are:
- No need for audited accounts, simply declare your own income
- Borrowing can be for any purpose
- Simple Bad Credit Commercial Mortgage application form
- No business plans or projections required
- No interviews or visits from bank managers
- Up to 70% loan to value available (100% with additional security)
Acceptable security
Almost all commercial property is acceptable for a Bad Credit Commercial Mortgage, this includes:
- Pubs and restaurants - Freehold and Long Leasehold only
- Farms
- Factories and Semi Commercial
- Offices
- Investment properties
- Retail premises
- Hotels, guest houses, b&b’s
- Takeaways and cafes
- Holiday lets
Bad Credit Commercial Mortgage Service levels
For most Bad Credit Commercial Mortgage applications presented by Sterling Capital Reserve, you can obtain:
- A decision in principle within 48 hours
- Quick turnaround of all proposals
Bad Credit Commercial Mortgage Rates
Bad Credit Commercial Mortgage Mortgages are available for:
- Advances up to £1 million
- Bad Credit Commercial Mortgage interest rates vary between 12% and 15%
Enquire Online for a Non Status Commercial Mortgage
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0844 4144 394 and let our professional team find you a competitive UK Non Status Commercial Mortgage.
Sterling Capital Reserve Ltd
Sterling House
10 Wheatcroft Business Park
Landmere Lane, Edwalton
Nottingham NG12 4DG
Tel: 0844 4144 394
Fax: 0115 921 5550
Map and Directions to our Office
