The Commercial Mortgage 100.
Advanced Hacks
Focus: Pro tips for experienced borrowers and complex deals.
How Does Brexit Affect Commercial Mortgage Availability in the UK?
What Documentation is Required for a Commercial Mortgage Application?
Understanding What Additional Costs Should I Be Aware Of With A Commercial Mortgage?
How Does a Recession Affect Commercial Mortgage Interest Rates?
Can you get a commercial mortgage for a start-up business?
how has buy to let market changed for landlord
Understanding How Can Refinancing a Commercial Mortgage Save Money for UK Businesses?
Can I Combine a Commercial Mortgage with Other Forms of Finance?
What is the difference between a commercial mortgage and a business loan?
How Does a Mixed-Use Property Affect Commercial Mortgage Applications?
How Long Does It Take to Get Approved for a Commercial Mortgage?
What’s the Difference Between Secured and Unsecured Commercial Finance?
How can I get the best deal on a commercial mortgage?
How Much Deposit Is Needed for a Commercial Mortgage in the UK?
What Fees Are Associated with Commercial Mortgages in the UK?
What Types of Properties Can Be Purchased With a Commercial Mortgage?
What is a Semi-Commercial Mortgage and How Does It Work?
What is the difference between an owner-occupied and an investment commercial mortgage?
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk