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Fancy a 1% discount on your business loan?

Fancy a 1% discount?

Are you aware that we can get a 1% discount on commercial borrowing?
I am currently arranging commercial mortgages at 2.55% and, if you prefer, I can take over the entire process if you are too busy to deal with it.

There is no catch as this discount comes from a government backed loan guarantee scheme aimed at certain sectors such as manufacturing, exports, educational and many more. High street and specialist lenders are participating and the 1% rate discount is available on term loans from £25,001 and can be applied for up to 5 years for eligible businesses.

Please give me a call to see if your client qualifies – 01902 275397, Ext 2064

We are just completing a business expansion loan of £350,000 to purchase larger premises with more capacity which has qualified for a 1% rate discount for 5 years. This is a win/win situation as the lender has agreed to increase the loan amount from the original requested amount of £300,000 up to £350,000 on the strength of the increased serviceability created by the reduced loan payments! This has allowed the client to invest in the business further making their business even stronger.

It is not an everyday enquiry but if you have a commercial enquiry cross your desk, the client may qualify and will certainly thank you if they do benefit from the award!

I hope you find this useful – let me know if I can help.

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.