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Our client, an experienced property investor sought to acquire semi-commercial/multi-let unit. As he had no cash to put into the deal, he offered two properties already owned (one was semi commercial) as collateral-both of which were already mortgaged to a high street Bank. Further complication was that some of the residential units in the new purchase were small – less

Our client was looking for £115k business loan to cover a kitchen refurb & bar furniture for a 15 bed Hotel & Restaurant in the Yorkshire Dales. Our client took over the lease of the hotel 4 years ago. We approached our panel of lenders, receiving two offers. One offer was a lower loan amount but the rates and fees

COMMERCIAL FINANCE DROP IN CLINIC! As part of the Huddersfield Business Week 2019, on Tuesday 1st October Key Commercial Finance will be holding a Drop In Clinic for all things Commercial Finance. Our team will be available at Café Ollo at The Media Centre, in Huddersfield for anyone wanting to drop in and talk to us about the options on raising

When the quarterly VAT bill comes around, it often puts a temporary strain on the company cashflow. Whilst businesses may often set aside funds to cover their VAT bills, there are often reasons why businesses may not want to part with all the cash in one go. We’re finding that more businesses are looking to VAT loans to spread the

With an offset mortgage a borrower can use any savings they have to reduce the amount of interest they pay on their mortgage. For example, if you have a £200,000 mortgage and £50,000 in a savings account with the same lender, you will only pay interest on £150,000. We work with a number of lenders who are able to offer

Business debt can come in many forms such as loans, overdrafts, credit cards or cash advances. It can be difficult to keep on top of all the best rates and manage all the repayments and we often come across business owners who chose to consolidate their debts. Therefore we thought it would be useful to produce a short resume for

There are many ways that Key Commercial Finance can support businesses and property developers with their funding needs. Here are a few examples of the deals we have recently completed. £30,000 loan for working capital • Long established Yorkshire based exporter. • Won a large new contract to supply scientific instruments to a university in Pakistan. Contract was backed by

High street Banks are often the best place to source a Commercial Mortgage, but on occasions have their restrictions. As independent ‘whole of market’ advisors, Key has access to a wide range of other funders and options in addition to the high street lenders that we regularly use. Do you or your clients require a commercial mortgage which may include

Our client had obtained a bridging loan of £126K 18 months previously to acquire a property at auction. They had carried out some renovation works to the property and wanted to refinance onto a term basis. The property was a maisonette flat in a row of 4 flats above 4 retail units, one of which was an off licence and

In June 2018 we assisted clients with bridging finance to purchase a terraced house in Huddersfield for £270k. Their plans were to convert it to 4 apartments. Although they had previously undertaken light refurbishments of some BTL properies, this was a much more significant project. Conversion works costing c.£80k were fully funded by the client and progressed well. The clients wished