Commercial mortgages for solicitors and business finance for solicitors mortgages
Charleston Financial Services is able to provide commercial mortgages for professional solicitor’s practices.
Commercial mortgage lending rates are now at an all time low so there are more and more mortgage lending opportunities presenting themselves to solicitors’ practices and other professional organisations.
If, as an established business, you are currently paying rent for your business office premises, there has never been a better time to take that step to purchasing the freehold to your office or a new office premises to continue to trade from. Often, depending on the level of deposit, by buying a commercial premise, you will be saving on your monthly rental commitment whilst adding a valuable asset to your business.
With this in mind, it is hardly surprising that accountants and professional mortgages are among some of the most successful applicants for commercial mortgage funding and are able to access niche commercial products with key lenders within the Charleston Financial commercial lending partners.
If, however, you already own your solicitors office we are still able to review your current circumstances and if you are on an older mortgage facility or perhaps coming to the end of your special rate, we can see if we can take advantage of the current low lending rates and reduce your monthly mortgage commitments by refinancing, or if you own your building with no mortgage and are looking to capital raise we can also assist you in obtaining a new commercial mortgage.
Charleston Financial has assisted, and continues to assist many businesses in arranging commercial mortgage funding for a variety of different reasons including:-
- Up to 100% commercial mortgages available for the purchase of new premises (subject to meeting criteria in respect of professional partners)
- 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 commercial mortgage lending to established trading businesses and in some cases, 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 all professional solicitors from small office buildings to corporate head office units.
As a general guide, we are able to provide commercial funding for up to 80% of the value of the purchase price (or in the case of re-mortgage, the current valuation) assuming that trading business is able to provide 3 years profitable accounts and meeting key qualification requirements.
Requirements that Charleston Financial will need in order to source a commercial mortgage for solicitors 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.