Commercial Financing Experts
Commercial finance is typically far more complex than residential mortgages. Commercial finance can be used to buy a business premises in the form of a mortgage, to buy an existing business or buy a commercial property to rent out.
Commercial Financing Experts
Commercial finance is typically far more complex than residential mortgages. Commercial finance can be used to buy a business premises in the form of a mortgage, to buy an existing business or buy a commercial property to rent out.
Secure finance in confidence
Unlike residential mortgages, Commercial loans are based largely on the business itself and looks at all aspects of the application including the profitability of the business, the industry being traded in and the background of the applicants on an individual basis. Depending on the case presented, terms and rates would then be presented based on the strength of the case. Commercial loans really are calculated on a case-by-case basis unlike residential which is based largely on the applicant’s personal income and expenditure. This therefore means that quite often an individual doing their own comparisons online is a fruitless exercise because it all depends on the lender’s appetite for that particular case. At Greenlight Commercial Ltd. we always strive to match the applicant to the most suitable lender based on the overall packaged case and present the best terms back to the client.
What fees are payable?
Depending on the product available, different fees may be payable and these do vary depending on the lender and the product offered. Arrangement fees and valuation fees are typically payable and the cost of these are very much dependant on the lender and property/premises. Greenlight Commercial charge a fee which is also dependant on the application, but typically this would be 1% of the loan borrowed. Our fee is typically payable when we have sourced terms and rates that may be applicable for the client. Our fees only become payable once an application is to be submitted; we do not charge fees for advice and research. All of our fees are outlined in detail in our Terms of Business which would be fully presented to you at the onset of an enquiry. For further information on our fees please contact us directly to discuss.
Further Finance We Can Arrange
Development Finance
Bridging Loans
Business Loans
129 Reddenhill Road
Torquay
TQ1 3NT
e: info@glmortgages.co.uk
t: 01803 315 204
Greenlight Commercial Limited t/a Greenlight Mortgages is an Appointed Representative of Connect IFA Limited 441505 which is authorised and Appointed by the Financial Conduct Authority and is entered on the Financial Services Register under reference 917128.
The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies.
The information contained within this website is subject on the UK regulatory regime and is therefore targeted at consumers based in the UK.
Greenlight Commercial Limited is a broker, not a lender. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Think carefully before securing other debts against your home.
Registered Office: Greenlight Commercial Ltd., 129 Reddenhill Road, Torquay, Devon, TQ1 3NT.
Registered Company Number: 12169498. Registered in England & Wales.