Non Status Commercial Mortgages

Introduction

Most of the UK building societies and high street banks lend to "low risk" businesses, usually where the business has built up a credible trading history, is currently trading profitably and the ability to repay the mortgage is clearly evident. However, not all UK businesses fall into this category and need an alternative option when the bank says NO!
Unlike traditional banks who tend to concentrate on historic performance, specialist non status mortgage lenders prefer to look forwards rather than backwards, which means that mortgages can be obtained for businesses with: county court judgements, mortgage arrears, no accounts, poor credit rating or a loss making history.

Qualifying Businesses and Lending Purposes

These non-status commercial mortgage lenders are ideal for sole traders, partnerships or limited companies, looking for: debt consolidation, business turnaround/phoenix, new business start ups, business refinance, or where the incumbent bank want their money back!

Benefits of a Non Status Mortgage

• Up to 70% loan to value available.
• Loan periods up to 30 years
• Interest only options available
• No need for audited accounts, business plans or projections
• Borrowing can be for any purpose
• Simple application form
• No interviews or visits from bank managers

Acceptable Non Status Commercial Mortgage Security

Almost all Freehold commercial properties are acceptable, this includes: Pubs and restaurants, Factories, Semi Commercial, Offices, Investment properties, Retail premises, Hotels, Guest Houses, Takeaways, and Cafes. If in doubt call us and check. - 0115 9849800.

Access to Non Status Commercial Mortgages

We specialise in securing non-status commercial mortgages for UK businesses. We are one of few brokers to retain "master packaging" status or "preferred broker" status with the remaining true non-status commercial mortgage providers in the UK.

Underwriting Process

All cases are supported by professionally prepared credit applications. Our Consultants, who have considerable banking sector experience and know this market well, put these together. This significantly enhances the chances of our clients securing the optimum financial package.
There are no hard and fast rules and the Lender judges each application on its own merits.

Broker Fees

Unlike some of our competitors, we do not believe in up front charges. Our fees are only payable when our client has received a formal offer of a commercial mortgage, which is usually payable at the time of completion.

Service Levels

For most applications presented by Sterling Capital Reserve Limited, we will obtain a decision in principle with indicative terms in respect of interest rates and fees within 72 hours.

VISIT US - 18th - 20th MARCH 2012

© 2011 : Sterling Capital Reserve Ltd Sterling Capital Reserve Ltd Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG Tel: 0115 984 9800 Fax: 0115 921 5550 Map and Directions to our Office

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

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