Funding For Development
Funding for developments and commercial purposes is still very much available in the current market. Finding it can be a challenge.
Through years of experience, Pure Financial Solutions can source the most competitive terms from across the market. Relationships with mortgage lenders many people have never heard of help us secure finance where others cannot. Here’s more information on three types of commercial finance.
Commercial Mortgage
A commercial mortgage is in principle similar to a residential one. In both cases the lender will assess the applicant to ensure that they have the means to repay the loan and assess the security offered to ensure that they will be able to repay their debt if it comes to repossession.
The two key differences are:
A commercial mortgage can be taken out in the name of a business or commercial property investor and is based on both the business of their tenants and the income of the borrower being able to maintain the commitment,
The security offered will either be used in it’s entirety for commercial business or contain a mixture of commercial and residential use.
Clients
- Business Owner-Occupiers
- Commercial Property Investors
- Residential Property Investors (beyond BTL)
- Limited Companies
- Limited Liability Partnerships
- Trust and Pension Schemes
Security
- Bed & Breakfast/Guest Houses
- Care homes
- Dentist & doctor surgeries
- Farms and Farm Land
- Land
- Public Houses
- Nursing homes