Applicants purchased hotel for £475,000. They had not been able to obtain funding from their bank as they were aged 70, and the financial accounts for the business were not very strong.

First Business Mortgages were able to arrange a commercial mortgage for £330,000 for a 30 year term despite their ages. In addition a 3 year interst only period was agreed. Applicants self declared their income in the absence of strong financial accounts.

Valuation fee was refunded to the applicants.

Applicants required a business mortgage to assist with the purchase at £525,000. No financial accounts were available but our clients were confident with their projections for the business.

First Business Mortgages arranged a mortgage for 85% of the property value on a self certification basis based on the customer's projections for a term of 30 years. No lender interviews were required.

Valuation fee was refunded to the applicants.

Purchase of a restaurant in Devon for £400,000. Business was not trading to its full potential and as a consequence the financial accounts did not reflect the true value of the business. Applicant did not have any cash to put towards the purchase. In addition the applicant had a poor credit history including a previous bankruptcy.

First Business Mortgages arranged a business mortgage for 100% of the purchase price by using equity in another business property owned by the applicant. This was arranged despite the adverse credit history. The mortgage was made available on a self certification of income basis over a 30 year term.

Valuation fee was refunded to the applicants.

Applicant required an urgent remortgage of his farm for £150,000 to pay a pressing Revenue payment.

First Business Mortgages arranged for a same day agreement, instructed a valuation and were able to provide a formal offer within 5 days. Completion of the business mortgage took place within 8 days of the enquiry as no lender interview or business plans were required. Applicants did not have to provide any financial accounts as mortgage was available on a self certification basis.

Valuation fee was refunded to the applicants.