Just like with a residential mortgage, you can use your business property to raise capital for any purpose. In addition, a commercial mortgage can help you purchase a business property if you are currently renting or looking to start-up your own business for the first time. Tell us more about what you are trying to achieve:

1. I own my current business property and would like to raise some money to consolidate existing borrowings.

2. I own my current business property and I would like to raise some money to invest in expanding my business.

3. I own my current business property but would like to expand and buy another business property.

4. I am currently renting my business property and would like to purchase the building.

5. I am looking to start-up my own business and would like to purchase a business property.

6. I am looking to buy an established business.

7. I am looking to raise money on my house.

Your property may be repossessed if you do not keep up repayments on your mortgage.

For residential and buy to let mortgages we charge a fee of £595 in addition to commission which may be paid by the lender. Alternatively we can work on a pure fee basis of 2% of the loan and any commission that we receive from the lender will be refunded to you.

For commercial mortgages we usually charge a fee of 1% of the loan amount subject to the complexity of the proposition and the loan amount. The overall cost for comparison for credit impaired commercial mortgages is 10.02% APR. The actual rate available may be higher or lower dependent on your individual circumstances.

 

 

 

Debbie J Boyes is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Services Authority. Sesame is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427.