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Commercial Mortgages

MFC have contacts with both Merchant and Clearing Banks and have very close working relationships with underwriting managers of other major lending institutions, thus are able to assist in assessing and tailoring a broad spectrum of loans for our customers.

Facilities available include loans to purchase and remortgage commercial property, as well as development finance for residential and commercial projects.

The business world can be an unforgiving place but we can offer you the guiding hand that you need. Whatever your circumstances our lenders have the commercial mortgage to suit your needs whether you are a new business or looking to expand.

MFC is committed to finding the right product to help you increase business volumes and profitability.

Full and Non-Status Mortgages

Loans considered against the following properties:

  • Farms
  • Pubs, restaurants
  • Shops, shops with living accommodation
  • Hotels, guest houses, holiday lets
  • Industrial units, factories, offices, warehouses

These can be used for any purpose by the applicant including:

  • New business start-ups
  • Buy to Let
  • Business turnaround solutions
  • Working capital raising
  • Property improvement
  • Business expansion
  • Short term finance and debt consolidation

Options available:

  • LTVs up to 80%
  • CCJ's, Defaults and Arrears
  • 1 month to 30 years
  • £26,000 - Unlimited
  • Discounted Rates
  • Interest only
  • Payment Holidays

If you would like to know more just drop us an email outlining your requirements and our Finance Executive will find the best package for you.


 

 

Also consider:

Bridging Finance & Short Term Funding for first and second charge bridges with up to 100% funding available with extra security, 12 month to 3 year term, from £26k Upwards.

 

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

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Advantages of a Commercial Mortgage

  • They can give your business a large asset which is likely to increase in value
  • The loan repayments involved can be similar to your current rental costs so you won't need to adjust your budget (this can depend on the mortgage)
  • Mortgage interest payments are tax-deductible and
  • If the lender agrees, you might be able to sub-let some of the business space.
  • Increase your working capital or give quick cash flow
  • Keep up with expensive short period loans
  • Build earning potential by improving, expanding or fitting out your business space
  • Reduce reliance on one lender for commercial banking and property investment purposes.

Disadvantages of a Commercial Mortgage

  • When you sign a commercial mortgage contract you are committing to a period of 10 to 30 years. It's a big commitment.
  • If you fail to make repayments on time you may have to pay additional interest and, if this happens repeatedly, the property can be repossessed.