Factory Mortgages & Warehouse Mortgages
The Commercial Mortgage Specialists are experts at offering impartial help and advice to those individuals and businesses looking to secure the most competitive deals on Factory and Warehouse Mortgages. We have the ability to search through the commercial lending products of a number of the UK’s major lenders. It is our objective to secure you the most flexible and competitive rates for your finance requirements.
~ Free impartial advice and guidance
~ Fast quotations available within hours.
~ Completions in a matter of weeks.
~ No high pressure interviews.
~ Mortgages available up to 100% of the property value.
~ Remortgage schemes available to raise cash for any purpose.
~ Bad credit history is no problem.
~ Pubs, hotels, farms, factories, warehouses, offices, shops, etc.
~ Non status and self certification made easy.
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A commercial mortgage or business loan can be used to finance the purchase of a factory or warehouse. It can also be used to make modifications/improvements to the existing property, or the purchase of new machinery/technology so as to expand and improve the business. Finance can be arranged through a high street lender however it is usually arranged through a mortgage broker who is able to source numerous products from numerous lenders.
Securing finance to purchase a factory or warehouse can be a complex process. Although the purchase of a factory or warehouse can be a very attractive proposition for many entrepreneurs, there are a number of factors that must be taken into consideration:
~ The general trend that the UK economy is becoming more service based.
~ The manufacturing sector is extremely sensitive to market fluctuations in the economy.
~ The availability of trained labour in the workplace.
~ The competition in Asia and particularly China.
Even taking this into account there are still a wide range of commercial lenders willing to consider financing the manufacturing industry. The lenders overall view is that the potential for profitability and growth opportunities in this sector are strong.
As with many commercial mortgages the lender will wish to qualify the business plan along with the following points:
~ The location of the factory or warehouse
~ The amount of deposit available
~ The trading history of the business if applicable
~ The income projections for the proposed business venture
~ Credit history
Even if you or your company has had credit problems in the past, it may still be possible to secure a commercial loan or mortgage on competitive terms for your factory or warehouse.
People or companies with credit problems (such as CCJs, late payments, defaults, mortgage arrears, or IVAs) can qualify for an adverse credit commercial mortgage.
While it can be difficult to secure finance to purchase or expand a factory or warehouse, with our help and advice you could be opening the door to a prosperous future in manufacturing in no time.
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