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Commercial Mortgages
Flexible Mortgages
Commercial Mortgages in the past year have become less flexible with a reduced choice of lenders, High Street Banks have made a concious decision to reduce their lending to certain sectors which has made it harder for many applicants to succeed. However we are still able to provide products that suit Self Employed/ Company Directors with or without accounts and also adverse credit for people with CCjs, arrears, defaults or bankruptcy as we have connections with the whole of market
If you are considering the financing of premises for your business you will probably need monetary assistance for either the purchase, expansion or over draft facility. These facilities may be available from your own bank but we have a wide access to a number of providers in the market which can offer competitive rates.
Guidance
We are a company with over 50 years collective experience and are able to help you through the process giving expert guidance on:
- New Start Ups
- Short Term Finance and debt consolidation
- Business restructuring
- Working Capital raising
- Property Improvement
- Business Expansion
Commercially Owner Occupied
Available for all types of loans for which the proprietors are running their own businesses from their premises, for example hotels, nursing homes, public houses, factory units and freehold shops etc.
All types of businesses that have strong balance sheets, good credit history with adequate proprietors experience are considered at competitive rates. Whether you are buying a business, raising money to pay off debts, looking for a cheaper interest rate or expanding your business, Premier Independent can offer Business Loans, Business Finance, Commercial Mortgages and New Business Finance to suit your individual requirements.
Business Loans are available for businesses from all market sectors including manufacturing, retail, leisure, farming, professional practice and services; you can enquire about your Business Loans online by completing our initial enquiry form.
We offer close personal interest in your business and our very flexible approach to every proposal will enable us to arrange the best Business Loans or Commercial Mortgages for you.
| Lender Partners | Minimum Rate | Maximum Rate | Loan Amount Range | LTV |
| Highstreet Bank | 3.00% | 4.00% | £25.000-£1,000,000 | 70% |
| Bank | 2.50% | 4.50% | £10,000-£1,000,000 | 75% |
| Premier Exclusive | 10.90% | 12.90% | £25,000-£1,000,000 | 75% |
| Highstreet Bank | 2.50% | 4.50% | £25.000-£3,000,000 | 70% |
| Building Society | 2.29% | 3.75% | £70,000-£2,000,000 | 75% |
| Bank | 2.50% | 3.50% | £500,000-No Max | 65% |
| Foreign Bank | 3.50% | 4.50% | £35,000-£1,000,000 | 65% |
| Foreign Bank | 3.00% | 4.00% | £50,000-£1,000,000 | 70% |
Commercial Investments
Commercial Investments are designed for purchasers of commercial real estate, they are intended to generate a profit, either from capital gain or rental income. You can then get a mortgage based on the rent, quality of client and term of lease. Examples of commercial real estate could be multifamily apartments, office buildings, rental space or warehouses. Due to the higher risk, loan to value tends to be lower.
| Lender Partners | Minimum Rate | Maximum Rate | Loan Amount Range | LTV |
| Highstreet Bank | 3.00% | 4.00% | £25,000-£1,000,000 | 70% |
| Bank | 2.50% | 4.50% | £10,000-£1,000,000 | 75% |
| Specialist Lender | 10.90% | 12.90% | £25,000-£100,000 | 75% |
| Bank | 2.50% | 3.50% | £500,000-£No Max | 65% |
| Foreign Bank | 3.50% | 4.50% | £35,000-£1,000,000 | 65% |
| Foreign Bank | 3.00% | 4.00% | £50,000-£1,000,000 | 60% |
Development Funding
Development finance is the ideal solution for a client who is looking to build either a residential or commercial property and requires funding. Finance may be required for the initial purchase of the land, build costs for the development, labour costs and any interest and charges the client has to pay whilst the property is being developed.
Property developers have vision. The key to their success is that they must understand the market and know how to turn that vision into a reality. Yet often developers have problems getting the finance right, knowing what products are available in the market and choosing which lenders to use can be a major issue.
Development finance is available whether your clients are a small property developer building 2 units a year, or a sizeable company with a number of schemes. With Premier Independent you have access to lenders willing and able to offer flexible solutions.
Development finance is a very specific type of lending. Whilst the high street lenders still participate they are less active than in the past and their terms may be restrictive, therefore there are a wide range of merchant banks and private lenders to consider as potential funders.
| Lender Partners | Minimum Rate | Maximum Rate | Loan Amount Range | LTV |
| Bank | 5.00% | 8.00% | £500.000-£5,000,000 | 55% |
| Highstreet Bank | 3.00% | 4.00% | £25,000-£1,000,000 | 70% |
| Specialist Lender | 1.50% | 1.75% | £50,000-£250,000 | 50% |
| Specialist Lender | 1.25% | 1.50% | £100,000-£1,000,000 | 50% |
| Bank | 6.00% | 8.00% | £250,000-£2,500,000 | 55% |
Commercial Bridging
Bridge loans are often used for commercial real estate purchases to quickly close on a property, retrieve real estate from foreclosure, or take advantage of a short-term opportunity in order to secure long term financing. Bridge loans on a property are typically paid back when the property is sold, refinanced with a traditional lender, the borrower's creditworthiness improves, the property is improved or completed, or there is a specific improvement or change that allows a permanent or subsequent round of mortgage financing to occur. The timing issue may arise from project phases with different cash needs and risk profiles as much as ability to secure funding.
| Lender Partners | Minimum Rate | Maximum Rate | Loan Amount Range | LTV |
| Masthaven | 1.25% | 1.45% | £50.000-£2,000,000 | 70% |
| Lowdry Capital | 1.25% | 1.50% | £25,000-£1,000,000 | 75% |
| Drawbridge Finance | 0.99% | 1.23% | £100,000-No Max | 70% |
| Bridgebank Capital | 1.25% | 2.00% | £50,000-£1,500,000 | 70% |
| tiuta Capital | 0.95% | 1.65% | £30,000-£10,000,000 | 85% |
| Fincorp | 1.50% | 1.50% | £50,000-£2,000,000 | 70% |
| Goldentree Financial Services | 1.25% | 2.00% | £30,000-£50,000 | 70% |
Short Leasehold Business Finance
Businesses operating from premises where the leaseholder pays rent to a landlord (the freeholder) falls into a category known as a "short term leasehold business". Finding finance for a retail business where the leasehold is typically short, in lending terms, can be very difficult.
Many lenders won't consider a loan or refinance in a sector where a lease is usually for 20 years or less. This is also an area with very few lenders prepared to risk funds to purchase a business where values are determined by turnover and profits alone along with the risk of annual rents increasing significantly after a 3 or 5 year review.
| Lender Partners | Minimum Rate | Maximum Rate | Loan Amount Range | LTV |
| Bank | 3.00% | 4.00% | £25,000-£1,000,000 | 70% |
| Specialist Lender | 2.00% | 3.00% | £50,000-£1,000,000 | 60% |
Contact Form
If you are interested in speaking with a representative regarding any of the above, please complete the below contact form and we will be in touch as soon as possible.
