Commercial mortgages and business finance for shops and convenience stores
Charleston Financial is established as one of the market leading commercial mortgage packagers able to provide commercial mortgages and business funding for all types of business and buildings, including shops and convenience stores both for running business and also for investment purchases.
With commercial mortgage rates historically low, there has never been a better time to invest in your business or investment.
If you are purchasing a property to run your business from then you are probably committing monthly rental payments for the benefit of the use of your current shop or convenience store. By investing in a freehold business property you not only are likely to be saving on what you are paying out at present, but will also adding a valuable asset to your business.
If however you currently own shop or convenience store and currently paying a higher mortgage interest rate, or maybe your current mortgage lender is calling in your commercial mortgage facility then we are also able to assist you and will always look to provide you with not only the best interest rates and lenders fees available in the market, but will also guarantee you that the service that you will be provided by Charleston Financial will be unrivalled.
We can also in addition to owner occupied mortgages arrange market leading and highly competitive options for investment purchases and refinance applications, for further information see our “investment mortgage pages”.
Together with market leading headline rates, we are also able to place more difficult mortgages with “challenger” banks so if you have been declined elsewhere, we can still look to place your mortgage and provide you with an alternative to conventional lending institutions.
Charleston Financial can assist you with your mortgage requirements with the following key points:-
- Up to 80% commercial mortgages available for the purchase of new premises (without additional security, 100% LTV available with additional security)
- Re-finance/re-mortgage of an existing business looking to expand business, inject capital or take advantage of the historically low interest rates available in the market
- Additional lending/further advances
The scope for lending to established businesses and even start up business (with previous experience) are considerable and as such we have access to a wide selection of commercial mortgages and commercial mortgage lenders for shops and convenience stores ranging from small local shops to corporate head office superstores.
As a general guide, we can assist you assuming that your trading business is able to provide 3 years profitable accounts and have maintained your current banking facility within agreed limits.
Requirements that Charleston Financial will need in order to source a commercial mortgage for shop mortgages
- Charleston Application form (available on our download page)
- Proof of identity (see acceptable ID on our download page)
- 3 years trading accounts
- 6 months personal bank statements
- 6 months business bank statements
- Business plan and or your personal CV to demonstrate sector experience (if purchasing a new business)
Charleston Financial can help with all types of commercial mortgages, bridging finance, residential mortgages and secured loans, in order to discuss your personal borrowing needs, please call one of our qualified advisers on 01442 215 527 or FREEPHONE 0800 612 3167 or click here to request a call back.