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| Commercial Mortgages
Lerwick specialise in arranging business mortgages up to £5M, and sometimes more. A commercial mortgage is a loan secured on a commercial property. Our lenders do not require you to submit detailed business plans or cash flows. We may not even need to talk to your accountant. Our commercial mortgages are also available even if you have an adverse credit history. It is possible to borrow upto 75% of purchase price or valuation and with additional security it is possible to borrow upto 100% of the purchase price or valuation. At Lerwick we offer a decision in principle over the phone. We will then arrange for one of our national specialists to meet you and complete the paperwork at your convenience. Lerwick understand that speed and flexibility is vital for our business customers. What Kinds of Business Qualify?It is possible to arrange commercial mortgages on many types of business mortgages - this is just a sample from some of our recent customers. We will treat all enquiries sympathetically and any business premises could qualify!
You can use the money raised from a commercial mortgage for anything that you want. The following are common reasons why you may want to consider a commercial mortgage with Lerwick:
Do I Qualify? Call us on 0871 200 4427 Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. |
