Non Status Commercial Mortgages

Also read: The Underwriting Process

We are specialists in securing non status commercial mortgages for UK businesses. All cases are backed by professionally prepared credit applications which significantly help the client’s chances of securing the best financial package.

Nearly all UK building societies and high street banks lend to low risk businesses normally where a business has built up a good credible trading history and is trading profitably and has the ability to repay the mortgage. But not all UK businesses are in this category and may need an alternative option if the bank says NO!

Not like traditional banks who concentrate on past performances, the specialist’s non status mortgage lenders look forward rather than back, this means that mortgages can be had for businesses with; county court judgments, poor credit rating mortgage arrears etc.

There are no particular rules and each application is based on its own merits. These non-status commercial mortgage lenders are perfect for; debt consolidation, businesses refinance, new businesses starting up, or where the interested bank wants their money back.

Non status commercial mortgages benefits:

Audited accounts not needed simply declare your own income.
You can borrow for any reason.
Application forms made simple.
No business plans or outlays required.
You do not need interviews or visits from bank managers.
Up to 79% of the loan value available (with added security 100%).
Non status commercial mortgage security available.

Nearly all commercial property is accepted, this includes:
Farms, Factories, pubs and restaurants, hotels, Retail premises, takeaways, Holiday lets.

Service Levels
For applications presented by Business Finance Jungle and Sterling Capital Reserve you will obtain:

A decision within 2 hours.
Quick action on all proposals.
Same day solicitor instructions.
Quick completion using in-house solicitors.

Non status commercial mortgage rates

Non status commercial mortgage rates are available for proposals of up to £2million.
Interest rates will vary between 2.5% and 5.5% over the base rate.
Any early settlement penalties will range from 6% (of the outstanding loan) in year one to 1% in the years 6 and onwards.

Whats your next step:

You can either use our online enquiry form or
contact us direct for immediate human contact on 0800 0735353.
You are under no obligation and you pay no fees until the commercial finance product is arranged.