Latest 2010 Semi-Exclusive Commercial Offers

Developers - Tailor made solutions for all sizes of development projects - up to 100%

Do you have a seemingly impossible mortgage requirement? - Put our fast friendly service to the test - We WILL get you a mortgage offer!

• Commercial Purchase or Remortgage for owner-occupiers
• Commercial Buy to Let Purchase or Remortgage
• Domestic Buy to Let Purchase or Remortgage
• Investment Finance
  
• Development Finance
  
• Bridging Finance
  
• Short Leasehold Mortgages and Remortgages for Retail Businesses - FLEXIBLE PAYMENTS

At Horizon Commercial we know that not all clients have a perfect credit history or a provable income such as trading accounts, this applies especially to new start up situations. But whatever your situation it won't stop us trying to help you. Many of our clients have come to us with seemingly difficult problems - and left with the lending solution they needed!

Horizon Commercial has access to Semi Exclusive products as follows;

• Up to 2 years interest only up to 60% LTV  if requested ( and lender happy with all of the application ) or full term loan on capital and interest
• Lender arrangement fee of 1.75% - deducted or paid separately
• Interest rate generally  4.5% above Base ( or Libor, if preferred )
• Rent Stress Test; 130% cover on repayment basis up to 20 years, at stress test rate of 7.5% interest rate
• Early repayment penalties apply; 3% in the first 3 years, then 2% in years 4 and 5, and then 1% thereafter
• Up to 10% of the loan can be repaid in any 12 months without E.R.P.s.
• Directors’ guarantees required if borrowing in company name
• 20 year term ( better than High Street by up to 5 years generally )

• Will consider HMO properties
• Will lend on true investment properties let as restaurants ( i.e. with no connection to applicant )
• May consider additional income if rent stress is not 100% achieved
• No leisure sector borrowing
• No land only loans
• No Trusts
• Will lend on properties let out on short term commercial leases ( which is far better than all High Street Lenders currently who generally require a minimum of 10 years remaining on a lease - if not longer )

Horizon Commercial is working with various lenders in this sector and have one lender in particular who has avery strong appetite for this sector as follows;

·         75% LTV of the full going concern value (including goodwill)

·         Loans up to £1 million

·         Term up to 25 years

·         Up to 3 years interest only at outset (then 22 years repayment)

·         Lender completion fee 1.5% added to loan

·         Very competitive rates

Call / Email for further details...

Why use Horizon Commercial?

• We are independent commercial mortgage brokers
• We take a proactive approach to commercial mortgages
• Experienced in the Commercial Mortgage industry
• We have access to the wide range of commercial mortgage lenders
• We handle new start up commercial mortgage business.

Security.

The greater security you offer the better the deal you can get from a provider. They assess their risk and if they feel the risks are diminished by the security guarantees you provide they’ll lend more money at attractive rates of interest. Be careful however, what you use for security. If you offer the business as security you could lose it as well as the property you want to buy. One way to avoid this is to sell the property to another company who immediately leases them back to you.

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