FINANCE FOR BUSINESS AND COMMERCIAL PROPERTY

Bradleys have established strong working relationships with finance brokers and major UK lending institutions, banks and Finance Houses and are experienced enough to put you in touch with the right lender or broker for your proposition in order to obtain the best terms. At any one time Lenders may have differing views on the market and certain business types and even though you may have been rejected by one lender it doesn't necessarily mean your application will not be successful elsewhere. Although the High Street Banks can be the best source of finance you will normally need a business plan before any application will be seriously considered. By employing the services of a broker they will usually deal with the application and guide you on what's needed by the lenders and will submit your application to a number of lending institutions to see who is interested in lending at the best possible rate.

Leasehold Business Purchase or Refinance

Although Lenders will change their criteria from time as a basic guide finance is available up to 60% of the purchase price or 50% of total ingoing costs including stock etc (whichever is the lower) using the business as the sole security and with the loan repaid over two-thirds of the unexpired period of the lease subject to a maximum loan repayment period of 10 years. Naturally higher loan to value finance is available but usually additional security such as a house or other freehold property is required.

Freehold Business Purchase or Refinance

Lenders will generally consider finance up to 70% of the purchase price using the business as the sole security and with loans repaid over a period of up to 20 years. Again higher loan to value finance is available with additional security.

Additional Security

In both Leasehold and Freehold finance, loans of up to 100% of the purchase price can be made available subject to additional supporting security.

T: 01702 551334