Is
the global credit crunch impacting on your ability to get
hold of commercial mortgages or loans? Don’t let your business suffer.
UK
borrowers are now being hit by the credit crunch, and it isn’t just
residential
mortgages being hit but commercial mortgages too. Being turned down
from a
mainstream or high street lender can spell bad news if you were
depending on a
commercial mortgage to grow, expand or establish your business. Many
industry
experts believe if you are looking to purchase commercial property, you
need to
do it fast. As interest rates rise and more people are forced off the
property
ladder, rents are likely to rise sharply. If you own a business, an
unwanted
hike in rent can be an unpleasant shock, but if you have a commercial
mortgage,
it means you are not vulnerable to a landlord’s rent increases.
Commercial
Mortgages
Difficult to Obtain
The much
publicized credit crunch that ended up with the
Northern Rock crisis is now being felt across the property market -
from
residential mortgages to commercial mortgages. On sub prime mortgages
or on
commercial mortgages that are aimed at those of us who do not have a
perfect
credit history or profile, it can now be impossible to secure the loan
from
high street lenders. But it is possible to get hold of commercial
mortgages if
you shop around and turn to lenders who specialise in helping those who
don’t
fit the traditional lending criteria. Blue Turtle Finance might be able
to help
you if you’re looking for commercial mortgages.
Commercial
Mortgage
Deals Withdrawn
Since Northern Rock,
some lenders have withdrawn sub-prime
deals on commercial mortgages altogether – deals that previously would
have
gone through. It can be devastating to your business if you find
yourself
turned down for a commercial mortgage. Around 26 lenders have increased
their
sub-prime fixed rate mortgages which impacts on residential and
commercial
sales. It is still possible to get a good deal on commercial mortgages,
but
thanks to the current climate, it’s never been so important to seek
good
financial advice and shop around in order to find a suitable commercial
mortgage package. Specialist financial firms, such as blue Turtle
Finance might
be able to help and guarantee to give your application individual
attention.
The days of
easy credit may have come to an end, but
it is possible to still find a competitive commercial mortgage if you
look beyond
the high street.
Blue Turtle Finance is a family run business, providing a first class,
friendly and professional service. Our clients are of prime importance
to us, we always take the time to listen to their requirements and
concerns. At Blue Turtle Finance we work with you, to achieve the best
plan to suit your financial requirements for commercial mortgages and
bridging loans. Blue Turtle Finance will not put you through to a call
centre but guarantee one to one personal attention from your initial
application right through to completion. Blue Turtle Finance specialise
in adverse and severely adverse credit. To find out more email: info@blueturtlemortgages.co.uk
or telephone: 0845 460 6616.
Click
here
NOW for a Quote!
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