Non Conforming Mortgages
A 'non conforming' business mortgage can be used to purchase a new business property, remortgage an existing business property or to raise much needed additional funds.
All types of property can be financed including pubs, hotels, guest houses, restaurants, shops, offices, farms and industrial units. In fact almost any business property can be considered.
The banks may decline a business mortgage application for many reasons, which include the loan to value being to high, no cash contribution towards the purchase, the age of the applicants or even a perceived lack of business experience.
In our view, none of the above should mean that an application for a mortgage should not be approved, which is why we can arrange a business mortgage with the following features
- Up to 85% of property value
- 100% and above with additional security
- 30 year term irrespective of age
- No business experience necessary
- No accounts required
At First Business Mortgages we don’t believe that our clients should have to have a lender interview, provide business plans or have to go through a time consuming application process with the bank.
Our straightforward, hassle free process means that we’ll do most of the work for you and make sure you have your mortgage funds soon as possible.
- Call or apply on line and we'll give you a decision in principle within 2 hours (immediately in many cases)
- Complete the simple application form
- We will arrange for the survey to be undertaken
- Mortgage Offer issued
- We liaise with solicitors to ensure that drawdown of the mortgage takes place as soon as possible
- Where appropriate we refund your valuation fee
And don't forget that we won't charge you any fees at all, and in most cases we will also arrange for the cost of the valuation to be refunded back to you.
Agreement in principle within two hours!
To find out what First Business Mortgages can offer you to help secure your new business please click here to get a quote or give us a call on 0800 0438043.