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Need a commercial mortgage?

Tuesday, October 26th, 2010

XL Business Finance has been helping business for over 10 years with many different areas of business finance. Over the years we have developed a knowledge and expertise in may areas including asset finance, invoice finance and commercial mortgages. However obtaining a commercial mortgage in the current climate is still probably one of the most difficult things to do especially when approaching your own commercial high street bank. Thankfully at XL Business Finance we have a few alternative funders that maybe able to help.

The problem with the high street banks is that they are hung up with the serviceability of the transaction. And unless you have trading profitably for more than 3 years with 3 years positive accounts being produced. It doesn’t matter about the value of the property or the amount of deposit being put into the transaction unless you are quality tenant it wont fly with the bank. Many of these high street banks say they do commercial property but in reality they put up as many obstacles in the way as possible to prevent the deal going forward.

However there are one or two alternatives. There are still one or two London based merchant banks offering funding for the right deal and in deed some of the asset based lenders are starting to dip their toes back in the market ( for the right kind of property)

In addition there are still a number of bridging companies offering funding however the bridging companies tend to be expensive and as such you should be fairly confident as to your exit route as these should only be used as a temporary stop gap.

If you need any help or advise at al about commercial mortgages it is free to pick up the phone. We are a results driven business and unless we can add value to your particular scenario we will just give ou best advise


XL Business Finance Ltd is a privately owned and independent business financing company with established links to many of the UK's leading finance houses. XL Business Finance provides a viable alternative to high street banks that lack the flexibility and imagination to provide a solution to most business users requirements. XL Business Finance can provide a full range of business financing solutions and we ensure a high level of customer service and pride ourselves on quick decisions. Our independent status will ensure any offer of funding and asset finance leasing is best suited to our customer’s needs.

XL Business Finance Limited are authorised and regulated by the Financial Conduct Authority FRN 718737).

XL Business Finance, Eaton Place Business Centre, 114 Washway Road, Sale, Cheshire M33 7RF UK.


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