UK Non Status Commercial Mortgages

Non Status Commercial Mortgages: No Accounts?, No Profits?, No History?.. No problem!
Latest arranged UK Non Status Commercial Mortgages

Jump to: Acceptable Security | Mortgage Application Requirements

Most of the UK building societies and high street banks lend to “low risk” businesses not with credit problems, usually where the business has built up a credible trading history, is currently trading profitably and the ability to repay the commercial mortgage is clearly evident.

However, not all UK businesses fall into this category and need an alternative option when the bank says NO! - Non status commercial mortgages

Sterling Capital Reserve Ltd are one of the few brokers who can offer Adverse Credit Commercial Mortgages and regularly package applications for specialist non status commercial mortgage lenders. Unlike traditional banks who tend to concentrate on historic performance, these lenders prefer to look forwards rather than backwards, which means that mortgages can be obtained for businesses with:

County court judgements
Mortgage arrears
No accounts
Poor credit rating
Historically loss making

There are no hard and fast rules, each application is judged on its own merits. These non status commercial mortgage lenders are ideal for businesses (sole traders, partnerships or limited companies) which are looking for:

debt consolidation
business turnaround / phoenix
new business start ups
business refinance
where the incumbent bank want their money back!

The benefits of a non status commercial mortgage are:

No need for audited accounts, simply declare your own income
Borrowing can be for any purpose
Simple application form
No business plans or projections required
No interviews or visits from bank managers
Up to 70% loan to value available (100% with additional security)

Acceptable Security:

Almost all commercial property is acceptable, this includes:

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

Service levels:

For most applications presented by Sterling Capital Reserve, you can obtain:

A decision in principle within 24 hours
Quick turnaround of all proposals
Same day solicitor instruction

Rates:

Non status commercial mortgages are available for:

Advances up to £1 million
Interest rates vary between 5% and 12% over base
Early settlement charges range from 4.5% (of outstanding loan) in first 5 years and 1% thereafter.

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 Commercial Mortgage.