Commercial Mortgage for an Auction Retail Unit


We were approached by a client who had just placed a winning bid on a commercial property in the West Midlands. The client originally requested a bridging loan due to the swift timescales that they were up against. Having assessed the financial situation UK Property Finance were able to advise the customer that a long term Commercial Mortgage could be put in place, which would offer them a more cost effective solution in the long term.

The commercial property comprised of three units situated in a bustling retail town centre. Each of the units were already let and had 9 years remaining on their lease. The client had an existing portfolio of properties in similar locations with a regular income stream. With the addition of the good rental income from the proposed property purchase UK Property Finance were able to secure long term commercial mortgage. As a premier partner with all the major challenger banks we can offer favourable rates and a swift turnaround on decisions especially when dealing with time sensitive situations such as auctions.

The units were valued just a few days later confirming strong retail footfall and a higher valuation than the purchase price so we could proceed with a formal offer just a week later.

Last Updated: Jun 14, 2017 @ 3:21 pm

Address

2 Nursery Court,
Unit 2C, Kibworth Business Park,
Harborough Road,
Kibworth Harcourt,
Leicestershire,
LE8 0EX

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The advice and processing on all financial products introduced via this website will be handled by UK Property Finance Ltd, which is authorised by The Financial Conduct Authority (FCA) no 667602. The FCA do not regulate all mortgages such as Buy to Let and Commercial. Think Carefully before securing debts against your home. Your property could be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.