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Lismore House, 28b Wilton Road, Reading, RG30 2SS.

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Commercial mortgages now more accessible for business owners.

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With some new entrants into the UK commercial mortgage market it seems, at least for now, that commercial mortgage finance is becoming more accessible for many business owners.

 

Many business clients who had previously been almost guaranteed support from their bank have been turned away with little more than a ‘thanks for coming in to see us’. It seems that some bank relationships are only long-term in the good times.

 

Ann-Marie O’Neill of Money For My Business explained:

 

“During the downturn many banks and building societies have not only increased their pricing but what has had the most impact has been the reduction in the flexibility of their lending decision making.”

 

“At this difficult time business owners need flexibility from their commercial mortgage lender. Many are looking to raise additional capital for their business which is a dirty word for many high street banks and building societies. It’s not just capital raising that is difficult, but finding ways to reduce costs such as moving to interest only payments for a short while, or looking for the comfort of a fixed-rate commercial mortgage. These are just not options many high street banks are offering the businesses that need them.”

 

“With the introduction of these new commercial mortgage lenders we’ve been able to offer greater flexibility to our clients to help them through these difficult times.”

 

Money For My Business is currently offering UK business owners a free review of their commercial mortgage finance. To access your free review call Money For My Business directly on 0845 034 5120

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