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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 Offices from Prestige Offices, Newly Refurbished Offices to Offices above retail outlets.
Jump to: Acceptable Security | Mortgage Application Requirements
Area - Purchase of newly refurbished offices in Canary Wharf.
Our client was renting office space and had decided that the time had come to buy their own accommodation.
The client enjoyed a good relationship with his clearing bank and the latter were keen to assist. However, Sterling secured the business by obtaining a higher loan to value % and waiving the requirement for life cover on the key Directors.
Office Commercial Mortgage Solution
Area - Purchase of prestigious Property to be 'let' as offices in Mayfair, London
Our applicant (an offshore-based company) wanted to relocate its own business into the subject property and also let out the other 4 floors. The applicant was getting vacant possession as the property had just been extensively refurbished.
Notwithstanding the property was not already generating an existing rental income, in view of the prestigious location, Sterling were able to arrange the following:
Office Commercial Mortgage Solution
Area - Purchase of offices in London W1
Applicant company in the Entertainment sector, an established highly profitable, growing business. Hence the need to purchase larger premises, as they had outgrown existing rented accommodation.
Purchase price agreed - £2,700,000. Our lender's Valuer came in at £2,900,000.
Office Commercial Mortgage Solution
Almost all commercial property is acceptable, this includes:
We have access to over 80 commercial mortgage lenders, with some offering Adverse Credit Commercial Mortgages enabling us to match the client’s UK Office 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:
Alternatively if you can't arrange any of the above - we are one of the few brokers who can offer Non Status Office 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.
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 Office Commercial Mortgage.
