Latest UK Non Status Commercial Mortgages
Detailed below is a selection of some of the UK Non Status Commercial Mortgages arranged in the last quarter ended September 2005.
1. Purchase of Public House - £340,000
Location: London
Issues:
- Pub closed for 3 Years
- No Accounts
- No Sector Experience
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We arranged:
- Term - 30 Years
- 80% Loan To Value
- Bank Base rate - plus 5%
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2. Refinance of Industrial Unit - £315,000
Location: Essex
Issues:
- Bank wanted an Exit
- Loss making
- Several CCJ's
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We arranged:
- Term - 30 Years
- 75% Loan To Value
- Bank Base rate - plus 4%
- First 3 years - interest only
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3. Refinance of Large Warehouse Units and Offices - £1,500,000
Location: Lancashire
Issues:
- In Banks Recovery Dept
- Recent Losses
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We arranged:
- Term - 15 Years
- 70% Loan To Value
- Bank Base rate - plus 3.5%
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4. Purchase of Hotel - £400,000
Location: Blackpool
Issues:
- No interest from Banks
- No Accounts
- No Sector Experience
|
We arranged:
- Term - 25 Years
- 80% Loan To Value
- Bank Base rate - plus 4%
- Completed in 3 Weeks
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5. Refinance of Bistro - £300,000
Location: Nottingham
Issues:
- Lifestyle Business
- Weak Accounts
- Bank Declined
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We arranged:
- Term - 25 Years
- 80% Loan To Value
- Bank Base rate - plus 4%
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6. Refinance of Industrial Units - £340,000
Location: West Midlands
Issues:
- Pub closed for 3 Years
- No Accounts
- No Sector Experience
|
We arranged:
- Term - 30 Years
- 80% Loan To Value
- Bank Base rate - plus 5%
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