commercial remortgage

[m3sye]

my business partner is looking to raise some captial on a property he owns but has bad credit - CCJ from a old landlord (directors gaurantee & business failed)
What type of rates will he be looking at and what would you advise the best route is?

He is looking for 10-15k ideally over 10 yrs

[scotal]

What sort of property is it? Is it commercial premises or a residential investment???

[m3sye]

Commercial...

[scotal]

I'll have an ask around if you like. Drop me a pm with with some details of the property,, rough value, and what its used for.

[Golfman]

I also have a commercial property, approx £700k with £450k outstanding.

Just curious to know what deals are currently about and what interest rates I could be paying..?

[scotal]

Golfman said:

I also have a commercial property, approx £700k with £450k outstanding.

Just curious to know what deals are currently about and what interest rates I could be paying..?

I'll drop you a PM on monday, ask you a few questions and see whatI can come up with for you. All non-obligation and fee free obviously.

[Dick Dastardly]

Rates depend on a number of things, mainly the type of tenant you have in place.

Recent commercial deals my company has done include:
0.8% tracker at 85% Loan to Value on a commercial investment property
0.99% tracker over 3 years on an owner-occupier guest house
5.99% fixed for 5 years on a semi-commercial investment property
1.25% tracker at 80% loan to value on a semi-commercial, 15 bedroom HMO

If you want to speak further then you can find our details here. We are a commercial mortgage specialist.