Commercial Mortgages

We can help you source the right funding, at the right price and time whether your business is a start-up or established:

Sole Trader, Partnership, LLP, Ltd Company, Investor (experienced or first-time buyer), or Pension Fund. We’ll work with you from start to finish to secure the right funding package for you and your business.

We are not restricted by business ‘type, sector or size’, or credit history, and have experience in a broad spectrum of trading sectors including:

  • Construction/Development Finance – single or multiple unit
  • Investment property including portfolio lending/expansion.
  • Offices/ Industrial units/ Factories/Warehouses
  • Retail (including shops with living accommodation above)
  • Holiday Park Funding
  • Holiday Lets (including properties with occupancy restrictions)
  • Hotels, Pubs, Restaurants and guest houses,
  • Residential Care Homes
  • Professional Practice Funding
  • Agriculture including ancillary related business eg renewable energy

We can help secure funding for the following purposes:

  • Commercial Investment
  • Acquisition
  • Remortgage
  • New business start-ups
  • Business turnaround solutions
  • Short Term Finance and debt consolidation
  • Working Capital raising
  • Property improvement
  • Business expansion

Borrowers should also be aware of the fees associated with an application for a commercial mortgage:

  • Typically, there will an arrangement fee (payable to the lender) of between 1-2.5% – this can in most circumstances be added onto the loan arranged.
  • The commercial valuation is more detailed than would be applicable to a residential property and thus the corresponding fees will be higher, albeit they will vary from lender to lender as in most cases the lender will instruct a valuer from a panel of firms selected to work on behalf of the lender.
  • Given the complex nature of many commercial property transactions (e.g. – titles and covenants etc), a higher legal cost may be incurred, not only through the borrower’s own solicitor, but in many instances the lender uses its own solicitor alongside the borrower’s to check the quality of the work, this cost also needs to be borne by the client.

The value of a broker within this field should not be underestimated, due to the bespoke nature of each commercial mortgage transaction and complex underwriting criteria which varies between the lenders, time and money can be saved by a business with the help of a good broker.

The broker will match the circumstances and needs of the business with the right lenders to achieve a positive result on the best terms, thus saving the business owner or management team valuable time and money in sourcing the much-needed finance required.

Simple Commercial Finance wish to “help fund business” by supporting our customers at every stage of the application process from the initial enquiry through to completion of the deal and hopefully thereafter as a valued service to your business for many years to come.

Our process is designed to be simple, flexible and most importantly geared towards your requirements

Funding is typically available as follows:

  • Terms of up to 30 years
  • Generally up to 70 -75% LTV*
  • Interest rate margins of 2% – 5% (over Bank of England Base Rate/LIBOR or Lenders own lending base rate)
  • Arrangement fees of 1-2%
  • Interest Only periods can usually be arranged
  • Early redemption charges may apply

*We are able to arrange lending in excess of 75% of purchase price for sitting tenants purchasing at a discount (subject to this not exceeding any LTV restrictions on valuation) and 100% advances can be made with additional security from the borrower and subject to status.