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Commercial finance – talk to a specialist

Commercial finance

Please feel free to talk to our experts if you need some help with commercial and development finance especially if is not your specialist subject.

We can do all the work and give you a very healthy referral commission on development deals right up to high net worth portfolio refinancing.

Our team deals with a variety of different businesses everyday, including:

  • House in multiple occupation (HMO’s)
    • New Refurbishment product:
    • 65% of purchase price
    • Fund 65% of refurbishment costs
    • In stage upfront 9 months max
    • Interest Only – refurbishment element
    • Funding at 100% LTV up to 25 years – subject to GDV
    • Professional Landlords only (minimum 2 BTL’s)
  • Retail and Commercial Units / Semi-Commercial / Offices / Warehouses
    • Up to 80% funding available for purchasing new premises, 100% with additional security
  • Doctor and Dentist premises
    • Specialist products for professionals
    • Up to 100% LTV
  • Care homes
    • High Street Lenders available
  • Land and Development
    • 70% of land value + 100% of build costs
    • 100% lending on Joint Venture basis.

Other scenarios we are currently handling:

  • Commercial Finance from 1.8%
  • Development Finance from 4%
  • Short term VAT loans
  • Personal tax loans
  • Private Investor finance available

If you have an enquiry today, why not give your BSM at Promise a call on 01902 267444

www.promisemoney.co.uk

01902 585052

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2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

Unsecured Loans

Representative example

£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.


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.


If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.