The right financial help is essential in today’s business world. We understand this, we have been building relationships with our lenders for well over 10 years so that you can benefit from our experience. In this challenging market where lenders criteria is becoming ever more strict, a broker’s input has become even more essential.
We are commercial brokers, able to access the numerous commercial mortgage schemes via a wide range of lenders across the UK; both high street lenders and specialist intermediary lenders. We can access 100% funding for certain professional status borrowers and for those clients with additional security, however for single property transactions, a general rule of thumb would be 75%-80% loan to value, depending on the specifics.
As commercial lending is a specialised market, there are no best buy tables as no two deals are the same since most commercial properties and businesses differ greatly. It is a case of using our industry know-how to approach several lenders with an appetite for the type of lending you require. We negotiate strongly on your behalf and create competition between lenders to ensure you have the right rates for your business.
We can help with:
- Care homes
- Leisure Property
- Semi commercial
- Retail properties
- Industrial property
- Professional property
We offer a proposition for fast and effective short term funding solutions. We will only recommend this type of funding when warranted and where we are assured of an exit route. Bridging Finance is a short term funding solution and it is not for everyone. However, it can be very useful in securing a property very quickly where time is of the essence; for example an auction purchase, or where considerable renovation works are required prior to securing a traditional long term lending solution.
There are two types of bridging loan, closed and open. A closed loan comes with a fixed repayment date and you will normally be given this kind of loan if you have exchanged contracts but are waiting for a property sale to complete. An open loan does not have a fixed repayment date, but you will normally be expected to pay it off within one year.
Whichever type of loan you take out, the lender will usually require seeing evidence of a clear repayment strategy; such as using equity from a property or taking out a traditional mortgage.
Bridging loans can be invaluable in facilitating a property purchase that otherwise might not be possible via a standard mortgage, re-mortgage or further advance. Nevertheless, as you might expect with a stopgap measure, they can be significantly more expensive.
We will assess your situation free of charge and give you expected terms prior to valuation. We will discuss and agree a fee with you prior to submitting any full mortgage application, any fee’s charged by amcf are payable ONLY on completion.
The Financial Conduct Authority does not regulate commercial mortgages and some forms of bridging finance / loans.
A Commercial mortgage is a loan secured against your property and a Bridging loan is a short-term loan secured against your property. Your property may be repossessed if you do not keep up repayments on your mortgage or any debt secured on it.