Genuine Commercial Loan lenders with excellent rates from only 1.65% A great solution for all types of commercial property and land.
Commercial Loans Ltd have been involved in the industry for over 20 years.
Commercial Loans Ltd offer a fast, friendly and personal service, we are always at the other end of the phone to talk through new enquiries or to discuss existing cases. Commercial Loans Ltd understand the current climate and look to be as flexible as possible to meet your needs as a Principal Lender Commercial Loans Ltd are lending our own money.
Commercial Loans Ltd will respond to new enquiries within hours of the enquiry being submitted or if you wish to call our office and speak direct to our specialist team and get a decision straight away.
Buy-to-Let Properties Commercial Loans
A very common requirement for a commercial loan is funding for buy-to-let properties. Short term finance is usually required from a specialist commercial lender because:
- most high street lenders will not provide buy-to-let mortgages until the property has been owned for at least 6 months.
- most high street lenders will only provide a buy-to-let mortgage if the net rentals cover the interest payments by a factor of at least 125%.
- most high street lenders will not lend on unoccupied rental properties or properties that require renovation work prior to being put on the rental market.
Commercial Loans Ltd can provide funding in all of the above circumstances. We may, in addition to financing the purchase price of the buy-to-let property, be able to lend a proportion of the refurbishment costs. Once the property has been renovated and let out, you should be able to obtain a long term mortgage to replace the bridging loan.
Very often a buy-to-let mortgage will have been purchased at auction. A 10% deposit is usually payable on the day of the auction, to secure the purchase, with the balance of the cost being payable within 28 days. This does not give the purchaser much time to arrange funding, but with the help of Commercial Loans Ltd, funds can be made available for the purchase to be completed on time and without penalty or forfeit of the deposit.
To enquire about a commercial loan on a buy-to-let property please call us on 0141 332 8884 and we can discuss your requirements.
