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
01902 585052
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.
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