UK Commercial Hotel and Restaurant Mortgages

Our commercial property mortgage consultants all have backgrounds in the banking sector and can offer added experience and advice to clients in respect of structuring commercial property deals such as commercial mortgages for Hotel Refinance and Refurbishments, Restaurants and Nightclubs.

Jump to: Acceptable Security | Mortgage Application Requirements

Case Study 1 - Hotel Refinance & Refurbishment - £750,000

Area - Commercial Hotel in busy coastal town, Kent:
Our client wanted to convert some of the Hotel's outbuildings into Conference Rooms and finish off a general refurbishment programme. The existing bank loan facility had only 8 years to run.

Hotel Commercial Mortgage Solution:

Mortgage of £750,000
Repayment term of 20 years
Repayments on the new mortgage were actually less than the existing facility, due to 'stretching' the repayment term.
At bank base rate plus margin 1.5%

Case Study 2 - Hotel and Restaurant - £250,000

Area - Hotel & Restaurant in a busy Market Town, North Wales
The client was seeking funds to extend the Restaurant where demand was very strong. Existing bankers were not being overly helpful; there had been a recent change in Manager and the new incumbent seemed cautious.

Hotel and Restaurant Commercial Mortgage Solution:

£250,000 to repay existing borrowings and cover the extension costs.
A 15-year repayment facility was agreed at bank base rate plus margin 2%.

Case Study 3 - Hotel and Holiday Lets - £1,000,000

Area - Purchase Cumbiran Country House Hotel plus a number of bungalows in the grounds.
The existing site was not being utilised to its full potential. Our client's plans included provision of conference facilities, wedding venue as well as more actively marketing the site as a holiday location.

Hotel Commercial Mortgage Solution:

A 15 year repayment facility was agreed at bank base plus margin 2%.

Hotel and Restaurant Commercial Mortgage acceptable security

Almost all commercial property is acceptable, this includes:

Pubs and restaurants
Farms
Factories and Semi Commercial
Offices
Investment properties
Retail premises
Hotels, guest houses, B&B’s
Takeaways and cafes
Holiday let

Hotel and Restaurant Commercial Mortgage Application

We have access to over 80 Hotel Commercial Mortgage lenders, with some offering Adverse Credit Commercial Mortgages enabling us to match the client’s UK Hotel Commercial Mortgage requirements to the most appropriate lender. At Sterling Capital Reserve, we are able to source a wide range of innovative and competitive commercial property finance packages, secured against investment property, factories and offices, warehousing and storage, hotels, pubs and restaurants, care homes and professional practices.The financial information that we will need to support a mortgage application is as follows:

Last 2 years Audited Accounts
Latest Management Figures
Profit & Loss Forecast for next 12 months
Last 6 months business bank statements
Brief CV/profiles of partners/directors
Asset/liability statements of applicants

Alternatively if you can't arrange any of the above - we are one of the few brokers who can offer Non Status Hotel Commercial Mortgages.

All cases are supported by professionally prepared credit applications, thereby significantly enhancing the chances of our clients securing the optimum financial package. Unlike some of our competitors, we do not believe in up front charges. Our fees are only payable when our client has received a formal offer of finance.

Enquire Online

Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Hotel Commercial Mortgage.