Our service

• We will help you assess your objectives and how they may be achieved.
• If non status is the best way to go we will identify the most appropriate schemes.
• Process your case and assist you in achieving a swift decision and funding.
• Help you review your position when redemption penalties come to an end.

Who needs non-status commercial mortgages?

Some businesses will need the help of non-status lenders in order to raise finance. This is because the High Street banks will normally ask for three years accounts along with other documentation (see commercial mortgages).

If your business does not have three years trading history under its belt and cannot yet demonstrate profitability then a High Street banks may reject your request for funding. If the company or its principles have an adverse credit history then you may encounter similar problems.

Yes, but does it cost more than the High Street?

This is not really a valid question if the High Street would not help anyway. In saying that non-status mortgages are becoming more competitive and in some cases offer better rates than the High Street without the requirement for all the paperwork. When you add to that the flexibility of interest only and a 30 year term you can be looking at a very affordable solution.

After three years it will normally be cost-effective to refinance onto the best full status rates, if your accounts are in good shape.

Benefits of non-status commercial loans

• Income can be self-certified or make full use of add backs.
• Minimal paperwork and no interviews.
• Rates from 1.65% to 4.95% above Libor.
• Underwriting primarily property based.
• Very swift decisions and completions possible.
• Loans up to 85% LTV at £500000 and up to a maximum of £2m.
• Loans up to 90% of purchase price and 79% of open market value for sitting tenants looking to purchase.
• Foreign nationals accepted.
• Adverse credit acceptable.
• Interest only loans allowed for 3 years.
• 30 year repayment period allowed.

The above benefits are typically available but will vary in certain specialist situations.

Who might need it?

Examples are numerous and include:

• New business start-ups.
• Would-be owner occupiers.
• Business turnaround solutions.
• Short Term Finance and debt consolidation.
• Working Capital raising.
• Property improvement.
• Business expansion.

Contact Us

Please contact us to see if we can help on +44 (0)20 7580 1555 or by using our contact form.

Look out for

New features coming to this page soon.