Unlike Residential Mortgages Commercial Property Finance is more complex , is not standardised and is priced on an individual basis depending on the type of property,the quality and financial circumstances of the client and the risk to the lender.
In most cases looking at a comparison site will be meaningless when trying to compare this type of finance however Kazlin Commercial Finance will always try to match the borrower with the most appropriate lenders in the market in order to secure the best terms for the client.
Types of Commercial Property
Whether it is for owner occupied businesses or property investment most types of commercial property can be used to secure funding in fact Kazlin Commercial Finance has in the past raised finance on a real A to Z basis from Accountancy Practices to Zoos.
A detailed list of the types of propery upon which finance can be secured in different trades is found here but this should not be regarded as final or exhaustive.
In general clients may borrow between 65% and 75% of the value of the property dependant on the type of property and trade but more if further security is available.
Read some case studies of finance we have secured for our clients here
Reasons for Raising this Type of Finance
Commercial Property Finance tends to be longer term finance and is generally for a specific purpose being either to purchase or refinance or to provide additional working capital however shorter term deals can be arranged to suit the clients needs.
Often clients wish to purchase rather than rent as if affordable it will generally be cheaper over the long term and they will have more control over the business and property without the periodic rent reviews or consultations with the landlords to change things.
Management buy outs and corporate aquisitions may also be another use for raising commercial property finance.
The Application Process and How We Work
A professionally prepared credit application or proposal will be required by lenders in order for clients to secure the best quotation possible and before this can be completed personal details of the client and the type of property to be used as security will be requested from the client.
Kazlin Commercial Finance have the knowledge of the market and the experience gained over many years to prepare these in the format lenders require and where else would business owners go for impartial advice about business finance but from a quality broker whose main responsibility is finding the right business finance solution for them.
Read some case studies of finance we have secured for our clients here
Rates and Fees
As previously stated commercial property finance is complex and individually priced on the strength of the application or proposal however in order to achieve the best results these will be placed in front of a number of lenders to test the market.
Broker Fees
Our broker fees are generally only payable when the client has received an acceptable finance offer We do not charge up front fees and will detail our charges in an agreement after assessing the financial needs of the client.
Lender Arrangement Fees
Most lenders will charge an arrangement fee which is either added to the loan or deducted from the loan at completion.
Some lenders will pay us a commission for placing business with them and you will be notified of this once it becomes known.
Valuation Fees
Lenders will require the commercial property to be valued by one of their panel valuers once either an agreement in principle has been indicated or as a term in the offer letter and this fee will be payable by the borrower.
The estimated cost of this fee will be notified to the client once it becomes known.
Read some case studies of finance we have secured for our clients here
Legal Fees
In general commercial lenders require separate representation when taking a legal charge on property and this fee is payable by the borrower who will also pay their own legal fees and search fees on the property transaction.
General
An estimate of all the fees likely to be paid will be given to the client as soon as they become known.
Read some case studies of finance we have secured for our clients here
Fill our quick quote form below and we will be back in touch to discuss your finance.
Or call 01626 777 337 or email info@kazlincommercialfinance.co.uk
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