Looking for a loan for a Semi-Commercial Property?

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Key are very excited to showcase the below recent Semi Commercial deal:

  • Client has been in the hair trade for 26 years.
  • Currently trading from rented premises having been working self-employed for the last 7 years.
  • The client has been searching for the right property for some time, and has found a semi commercial property which was an existing hair salon which is ideal.
  • The purchase price was £117,000 and the client wanted to borrow £81,900.

How did Key secure the deal?

  • After speaking with several lenders the above deal was approved by an high street bank
  • The full amount of £81,900 was secured at a very competitive rate at 4.39% fixed for 5 years with no tie ins and overpayments allowed.
  • Total term of 15 years
  • The client was a first time landlord acquiring a semi commercial property. The flat above the salon is available for immediate tenancy, which the client has received interest in already.
  • Client is very experienced and looking to strengthen their position and business growth.

The above case is an example of the volume of expertise that our team of ex bank managers possess. Here at Key we will always find the best solution for any financial situation, and successfully help each client to achieve their ambitions. We offer speed and flexibility to ensure all our clients experience a smooth experience and transaction. Please speak to the Key team today.