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  • Commercial mortgage for first-time hoteliers | Mortgages for Business
    Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Commercial mortgage for first time hoteliers 04 03 15 Commercial Mortgages Case Study The clients are a married couple who were hoping to buy a 16 room hotel in Lincolnshire despite never having owned a hotel before The wife works as a part time lecturer in hospitality and holds an HND in Hotel Management She is also a qualified training manager in the hotel industry In the 1990s she had held a senior position at a prominent London hotel chain The husband is an architect with his own practice The couple had offered 550 000 to buy the hotel as a going concern and were looking for a loan of 500 000 They had cash savings of 100 000 and also own their own home with a mortgage To make matters more interesting the couple had set up a limited company through which they wished to purchase the hotel Despite this complicated scenario I approached a lender that was happy to consider the application but I warned the clients that getting a loan could be tricky The lender instructed a business valuer who found that the hotel had a bricks and mortar value of 450 000 generated an annual turnover of 260 000 and had an adjusted net profit in the region of 65 000 In his professional opinion the valuer considered that the hotel was a good risk However the lender also required additional security so I suggested taking a second charge on the couple s home which had additional security value of 250 000 The couple and the lender agreed to this In fact the couple had tried unsuccessfully to raise funds against their home prior to asking for my help After

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/commercial/commercial-mortgage-for-first-time-hoteliers/ (2016-02-16)
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  • Remortgage of shop in the Brighton Lanes to raise capital and save money | Mortgages for Business
    Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Remortgage of shop in the Brighton Lanes to raise capital and save money 15 01 15 Commercial Mortgages Case Study The client is a very experienced commercial property owner investor and developer who trades through a long established limited company He approached me for help in refinancing a two storey shop in the popular shopping area of the Brighton Lanes The shop has recently been let on a long lease to an established specialist chain store and generates a healthy rent of 35 000 pa In addition to remortgaging the shop the client wanted to raise capital to repay a director s loan which had been used to refurbish the property prior to the tenant moving in The client s existing lender could only offer capital and interest terms and faced challenges getting the deal approved from their credit committee To ease cash flow and make tax savings the client said he would prefer interest only terms if possible I approached a reputable building society which agreed to lend on interest only terms at a rate lower than the challenger banks thus saving my client around 3 750 pa Also the building society agreed to lend without making the client move his business banking over to them something that most high street banks insist upon Here are the details of the deal Property value 550 000 Loan

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/commercial/remortgage-of-shop-in-the-brighton-lanes-to-raise-capital-and-save-money/ (2016-02-16)
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  • Couple buy beauty salon shop and business | Mortgages for Business
    Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Couple buy beauty salon shop and business 12 11 14 Commercial Mortgages Case Study The clients are a married couple who were looking for a commercial mortgage to purchase a trading beauty salon in a popular Hampshire town They had a 25 deposit and had set up a limited company through which to trade the business The husband is a self employed IT consultant and his wife works full time as a customer services officer in a local bank They had approached some high street lenders directly without success because the couple had insufficient inexperience of running a beauty salon despite the wife s former job in the beauty industry some 10 years previously Realising that they would not secure finance without the use of a broker the couple contacted me for help I was able to negotiate a deal with a specialist lender that can only be accessed by a few intermediaries including Mortgages for Business of course The lender was happy to provide a commercial mortgage on the basis that the couple were of reasonable net worth the business they were looking to purchase was profitable and the couple were planning to manage and trade the business in its existing format Here are the details of the deal Property

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/commercial/couple-buy-beauty-salon-shop-and-business/ (2016-02-16)
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  • Capital raising for business owner to buy out partner | Mortgages for Business
    Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Capital raising for business owner to buy out partner Commercial Mortgages Case Study The client is a business owner who wanted to buy out her partner s 50 share of the ownership of three unencumbered commercial units in the north of England valued at a total of 500 000 In addition to owning the remaining 50 share of the premises the client operates a successful car wash business from one of the units which affords her an income of 19 000 pa The remaining two units are let one to a catering company and the other to a retail business both longstanding tenants but on short term leases of three years The rent from the let units generates 21 500 pa which is currently paid to the business partner To buy out her partner the client was looking to raise 200 000 against the units as well as using 40 000 from her own personal resources The client had approached a different broker but they couldn t find a lender that would accept the car wash business as security We contacted a specialist lender that can only be accessed by a few select intermediaries including Mortgages for Business who was more than happy to provide the necessary finance Property value 500 000 Loan amount 200 000 Rate

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/commercial/capital-raising-for-business-owner-to-buy-out-partner/ (2016-02-16)
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  • Interest only refinance of 10-bed guest house | Mortgages for Business
    Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Interest only refinance of 10 bed guest house 26 03 14 Commercial Mortgages Case Study The clients are a married couple who five years ago purchased a 10 bed guest house in Norfolk They carried out extensive refurbishments and today it trades extremely profitably and has a superb ranking on Trip Advisor To assist with the original purchase the couple took out a business mortgage over a 20 year term at a very high rate of interest With nearly all of their income being swallowed up in loan repayments they approached us to help them refinance onto a more favourable terms In particular they were looking for interest only terms which would help with cash flow We found a lender who was willing to offer interest only for 10 years Now the clients intend to make further investments into the guest house and have surplus income which they intend to put aside either for investment into a buy to let property or a possible holiday let as an overflow to the guest house during the busy summer months Here are the details of the deal Property value 400 000 Loan amount 280 000 Rate 6 25 over LIBOR Term

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/commercial/interest-only-refinance-of-10-bed-guest-house/ (2016-02-16)
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  • Short-term loan for couple after property sale falls through | Mortgages for Business
    mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Short term loan for couple after property sale falls through 09 09 15 Bridging Short term Finance Case Study We were approached by a married couple who are part time property investors They were in the process of selling one of their rental properties a 2 bed flat let for 2 000 pcm in order to raise the funds for a deposit on a new home Unfortunately the sale on the flat fell through at the last moment and as the couple didn t want to lose the new home they approached us for help in getting short term finance to tide them over until another buyer could be found Time was of the essence so we approached a specialist lender which we have worked with many times before that has a reputation for completing deals really quickly The lender was able to provide an agreement in principle on the same day as receiving the loan application The valuation was then immediately instructed and the lender s formal offer letter followed shortly after The funds were released in time for the purchase to go ahead Here are the details of the deal Property value 850 000

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/bridging-and-short-term-finance/short-term-loan-for-couple-after-property-sale-falls-through/ (2016-02-16)
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  • Auction finance for dilapidated maisonette above hairdressers | Mortgages for Business
    finance Bridging short term finance Bridging loans Refurbishment finance Auction Finance Residential mortgages Residential mortgages Rates Loans Fees How to apply Types of mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Auction finance for dilapidated maisonette above hairdressers 03 06 14 Bridging Short term Finance Case Study The client is an experienced landlord and property developer who approached me to help him find finance as quickly as possible in order to purchase a maisonette in East London which was being sold at auction The client wanted to make the purchase using his limited company which meant that not all lenders were interested Also as the property required comprehensive refurbishment before it could be let it looked unlikely that the maisonette would be accepted as sole security We sourced a lender that was happy to take the maisonette and another property belonging to the client as security and the loan was arranged within the necessary auction timescale Here are the details of the deal Property value 310 000 Loan amount 217 000 LTV 70 Rate 0 73 pm Term 12 months Lender arrangement fee 1 95 Completion date June 2014 This is just one example of how I ve helped a client secure a short

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/bridging-and-short-term-finance/auction-finance-for-dilapidated-maisonette-above-hairdressers/ (2016-02-16)
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  • 50 year old part-time landlord gets 23-year mortgage term on new home | Mortgages for Business
    Auction Finance Residential mortgages Residential mortgages Rates Loans Fees How to apply Types of mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies 50 year old part time landlord gets 23 year mortgage term on new home 26 01 16 Residential Mortgages Case Study We were approached by a civil servant and part time landlord who was looking to buy a new home a two bed top floor flat in a popular Scottish city Finding a lender proved challenging because the client Is 50 years old and wanted a mortgage term of 25 years most lenders won t allow borrowers to be over 65 70 at the end of a mortgage term Also owns two mortgaged buy to let properties which many lenders don t like because of the increased exposure to risk After some research we were able to place the case with a high street lender which would accept the client on a 23 year repayment term not quite the number of years the client wanted but under the circumstances he was happy with the term offered The lender was also happy with the client s buy to let properties because they are self financing so weren t included in the affordability calculation

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/residential/2016/january/50-year-old-part-time-landlord-gets-23-year-mortgage-term-on-new-home/ (2016-02-16)
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