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My My – what a great time for self employed and business owners to take out commercial mortgage or business loan

We have never seen so many great commercial loans available with new and existing lenders queuing up make an offer.

And it’s not just the high street lenders – every sector seems to have renewed hunger


  • High street, near prime or adverse cases.
  • Secured on property, assets or unsecured.
  • Established businesses or new starts.

If you are self employed, would raising extra cash or refinancing your existing borrowing on to better terms help you take your business forward?

Here’s some examples of the types of enquiries we are getting at the moment.

  • Refinance development finance on to a term loan 
  • Purchase the property their business is currently renting 
  • Buy, refurbish and move to new premises 
  • Convert commercial property to residential 
  • Buy a new business 
  • Refinance their existing banking or factoring arrangements 
  • Raise cash for stock or expansion
  • Cash flow loans to support business growth in the early years 

Find out what’s available to your business from a commercial and business finance expert at Promise Money


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Find a commercial loan

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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.


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.

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