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Pavillion Commercial provide professional, experienced advice and a full packaging service supporting all your client's commercial mortgage needs. If you are a Personal Touch broker and you have a commercial loan enquiry, please contact your Head Office. |
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Commercial Mortgages
Commercial mortgages can be arranged for any specific requirement; to buy, extend, improve, re-mortgage business or buy to let premises and fund many other business activities.
The terms of a commercial mortgage will depend largely on the type of business you're running and the type of premises or land you wish to buy. This is a complex area and we will provide you will the specialist advice which you require.
Loan to value's vary depending on property types and client profiles but finance of up to 85% is usually obtained with 100% funding achievable with additional security. Rates are dependent on each particular deal but can be as low as 1% over base.
Banks and building societies usually prefer to lend to low-risk businesses with a trading history that is stable and profitable. We understand that not every UK business falls into this category which is why we can assist you with finance when these banks/building societies have declined.
We have developed excellent relationships with a number of specialist lenders enabling us to access the non-status commercial mortgage market. This market accommodates clients by obtaining self-certification mortgages where accounts are either insufficient or unavailable.
Finance for new business start ups and clients with a poor credit history who don't conform to the main banks criteria and have been turned down can also obtain funding in this particular market.
Rates in the non-status commercial market are subject to LTV's but can be as low as 2.75% above Libor.
Development Finance
Funding can be arranged for individuals, builders and developers, partnerships and Limited companies.
Our aim is to secure the best funding solutions available to meet your bespoke needs. With the specialist lenders on our panel we have more flexibility than the conventional mainstream banks in obtaining the right deal.
Development finance rates achieved through our specialist lenders are generally higher than from conventional lenders due to the added risk i.e. non-status, and the short-term nature of the loans.
Development finance is usually arranged on an interest only basis and depending on the nature of the project can be arranged for a term of 6 months plus.
Each development finance deal is individually priced and dependent on the client's experience and the project that is being proposed. Rates would normally range from 1.5% to 3% dependent on the project.
100% funding is available to experienced developers in both the residential and commercial sector who are undertaking refurbishment, conversion or new build projects.
The information contained within this site is intended for the sole use of professional mortgage intermediaries only and is NOT intended for use by members of the public. Any reproduction by members of the general public of the material contained within this site is strictly prohibited. Professional mortgage advisers may only reproduce material for their own use and may not under any circumstances disclose any information to members of the general public.
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