So more good news in the commercial finance world for commercial mortgages.
Hopefully the much talked about “Blue Monday” effect is already receding but to help the week further on its way, here is some more good news!
So you may (or may not) know that in the Autumn 2021 budget, the government Recovery Loan Scheme has been extended – to 30th June 2022. Most people associate this with loans to trading businesses. However, we have a property/commercial mortgage lender that utilises it for commercial mortgages – including those for property investment. Terms are excellent – we have just placed a small semi commercial investment loan of £260 ,000 at 3.67% over base rate with a lender set up fee of only 0.75%. Too good to be true? Nope its really true. And the lender has criteria which means they will typically lend more than high street Banks for a most property and cases. Please talk to us at Key to find out more.