Choosing a Lender
Arranging a commercial mortgage on your business purchase is a big
decision and probably one of the largest financial commitments you
will take on in your life. It is important that you select the right
lender at the outset. Deciding on the right lender will not only
save you money but also valuable time during the purchasing process.
Not All Banks are the Same!
Banks lending criteria is based on the viability of the business,
your experience in the trade (if any) and the size of your deposit
you are prepared to put down on the business. In general terms,
banks will lend around 70% of the purchase price of a freehold
business and typically 50% of the purchase price of a leasehold
business. In some instances, our specialist brokers may be able
to arrange funding of up to 80% of purchase price should it be
required.
Free Consultation
Peninsula Commercial would be pleased to arrange for you to speak
or meet in person with our recommended brokers. The brokers recommended
by our company specialise in the licensed trade and are often
given preferential rates by particular banks to pass on to our
customers. Call us now on 01392 848484 to arrange a free consultation.
Mortgage Calculator
Please use our free mortgage calculator
to work out your approximate monthly repayments. This calculator
is provided to give you an approximate guide. To obtain an exact
commercial mortgage illustration for one of the businesses we
are offering for sale, please click on the button below or telephone
01392 848484 for further details.
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