Overcoming Pandemic Credit Challenges: £325K Business Property Secured in 25 Days
Commercial Mortgage Success
The Enquiry: A Broker approached us on behalf of a client who wanted to buy their current business property from the landlord.
The Challenge: The client had faced financial difficulties during the pandemic, with late credit card payments. The property’s location was near some rundown buildings, raising concerns about its value and safety.
The Solution: We worked with a commercial lender to address concerns by providing detailed information about the property and the client’s financial situation. This approach led to the successful approval of a commercial mortgage, giving the client confidence in securing their business’ future.
Loan Amount: £325,000
Loan to Value (LTV): 65%
Term: 10 years interest only
Completion Time: 25 days from initial enquiry.
