Main Menu Button
Login

New Lender – complex commercial

New Lender

Take a look at this new product for your self employed / business clients who want a commercial mortgage but fall just outside of the high street and tier two lenders criteria.

This lender will look at the following:

  • Adverse credit cases considered
  • Quirky deals / multi lets / license lets
  • Debt forgiveness ( as long as bank / tax man out of pocket )
  • Genuine liquidations considered
  • Foreign UK Nationals considered ( case by case basis )
  • Interest only available for both resi & commercial

Some mortgage brokers are generating some very large commercial cases from their self employed client bank and we are paying out some substantial commissions.

However this new lender is ideal for smaller complex cases with a sweet spot of between £50,000 and £2 million and they offer credit backed decisions very quickly.

Of course we will try the high street lenders first but if you have a complex commercial case please give us a call on 01902 585052 and perhaps this new lender will accommodate a case you have been struggling with.

www.promisemoney.co.uk

01902 585052

Share This Page



Find a mortgage

Enter some details and we’ll compare thousands of mortgage plans – this will NOT affect your credit rating.

How much you would like to borrow?

£

Type in the box for larger amounts

For how long?

yrs

Use the slider or type into the box

Do you own property in the UK?

About you...

Your name:

Your forename:

Your surname:

Your email address:

Your phone number:


By submitting any information to us, you are confirming you have read and understood the Data Protection & Privacy Policy.

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.