Commercial Lending, previously the domain administered by the larger banks has changed radically over the last couple of years. Now specialist lenders have entered the arena, offering a wider choice of rates and schemes, the niche lenders now even consider applicants with an adverse credit history or no proof of income and will base their lending criteria on affordability and LTV required.

With a wide range of commercial and semi commercial products even first time investors can be accommodated whether it is to purchase a property to be let out and provide an income for the future or an office/work unit to enable a new start up business to go ahead.

Freehold or long leasehold properties will be considered and farms, guest houses, pubs or even just the purchase of land on its own can be financed, each case looked at on its merits with a criteria tailored to offer the greatest chance of success. Commercial - Case- Consideration - Confirmation

Cash

Bridging

Client Mr A has a completion deadline for June 28th on his new house purchase - he has the sale of his current property agreed to coincide and his new mortgage has been ready just awaiting his deposit from the sale. Mr A gets a call from his solicitor on the 16th June to say the purchases of his property have hit a snag and are not now able to complete until the end of July at the earliest, Mr A's vendor will not grant an extension to the completion date as his lender has suspended a possession order to enable him to clear his debt by the end of June failing which they will repossess the property.

Case details faxed to lender for decision in principle at 10.30 am on 17th June - approved by return fax at 2.45pm same day, papers were issued for signature and valuation instructed on 18th and monies were sent to solicitors on 21st - completion took place two days later the 23rd.

Brickwall - Bridge - Breathing Space - Brilliant