Commercial mortgage broker?
Discussion
thomson said:
Your best bet would be initially talk to the commercial folk of your main business bank. They offer more competitive rates compared to that of the commercial market as a whole. Will be a costly exercise never the less!
Aha! Long ago commercial kicked me 'upstairs' to corporate. And if this was three years ago they'd have said 'shake his hand and send us the survey'. On this occasion they've actually asked for a submission, and I might well do one, but I haven't outsourced fundraising for a long time and thought it just might be interesting to see if there's anyone (esp. new kid on the block) who fancies an earner for doing the legwork. Also decided to use a new solicitor for it as well, which so far has been a very good decision. As a rough estimate borrowers can expect to pay Bank Base Rate + 2.5% to 4% and a maximum loan to value of 75%. Mortgage rates and terms will be determined by the strength of the business in the case of owner occupation.If you are a new business you may struggle to get any kind of competitive rate.
You may find the most cost efective way to purchase your commercial premises is through your pension fund or as a personal investment and then lease it back to your business.
These are some of the things you could chat to your accountant about over a pleasant lunch at one of the fine dinning establisments Glasgow has to offer.
You may find the most cost efective way to purchase your commercial premises is through your pension fund or as a personal investment and then lease it back to your business.
These are some of the things you could chat to your accountant about over a pleasant lunch at one of the fine dinning establisments Glasgow has to offer.
bigblock said:
As a rough estimate borrowers can expect to pay Bank Base Rate + 2.5% to 4% and a maximum loan to value of 75%. Mortgage rates and terms will be determined by the strength of the business in the case of owner occupation.If you are a new business you may struggle to get any kind of competitive rate.
You may find the most cost efective way to purchase your commercial premises is through your pension fund or as a personal investment and then lease it back to your business.
These are some of the things you could chat to your accountant about over a pleasant lunch at one of the fine dinning establisments Glasgow has to offer.
O I wish! These days it's Libor based Swap Rates and 65% max LTVs for comm. Mind you, at least it's 65 of global coy-owned vals, and in 'old money' I'd live with 6% fixed which shouldn't be too hard. The biz isn't new, tho part of the factory plan is start-up. Don't mention the p-word please. Pensions make me feel old and retired and butt-fecked by conmen (inc sipps schnipps schnapps and schweppes). I can't eat those lunches anymore or I fall asleep mid-pm, but this seriously ISN'T a matter for an accountant anyway, it's for a financial fannyman or 'broker' or whatever. Preferably one with enough cred and skill to have what we used to call 'the underwriter's pen' back when I was just such a fannyman myself. You may find the most cost efective way to purchase your commercial premises is through your pension fund or as a personal investment and then lease it back to your business.
These are some of the things you could chat to your accountant about over a pleasant lunch at one of the fine dinning establisments Glasgow has to offer.
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