Property Purchase Loan for trading business

Deal Structure

• £168,750 loan at 75% LTV
• 25 Year Term
• Variable Rate of 3.67% Above Base Rate (4.42% Pay Rate)
• No Arrangement Fee
• No early redemption penalties

Deal Summary

An accountancy practice approached us to source a loan to enable them to purchase their own trading premises.

They had been established for 10 years, were profitable but had always rented their offices.

They were keen to get the largest loan amount available in order to keep their cash reserves intact.

We approached some suitable lenders and presented their case along with a full review of the business, including an in-depth financial analysis.

Out of the 5 indicative mortgage offers we obtained, our client opted to take the one they saw as giving them the most flexibility and with monthly repayments less than the rent they had paid in the past. They could also make overpayments without penalty, meaning they could repay the loan quicker.

Contact Simon Parkinson

07775 671680

[email protected]