Commercial Mortgages: Professional Practices | Commercial ...

Whether looking to purchase an existing practice, acquire new premises or remortgage an existing property, a commercial mortgage is considered the ideal business finance solution.

Tailored to suit your business needs a commercial mortgage for a professional practice can assist in ensuring long term financial success but where do you begin and how much do you need to know?

Professional Practices: What Can a Commercial Mortgage Do?

Whether an individual, partnership or corporate entity; a commercial mortgage broker can assist a range of businesses in procuring the ideal financial solution.

The professional practices that may be eligible for a commercial mortgage include:

• Dentist
• Solicitors
• Vets
• Doctors
• Surveyors
• Occupational Therapists
• Accountants
• Pharmacist
• Architects
• Optometrist

A specialist commercial mortgage broker will be able to analyse the needs of your business to secure the ideal financial solution required to consolidate debts, lessen the current financial struggle your business may be facing or to assist in kick starting your new venture for 2013.

The Benefits of a Commercial Mortgage for Professional Practices

Whether you are currently paying rent on a commercial property, looking to take the step into property ownership or are in need of more manageable rates; a professional practices commercial mortgage may be the ideal financial solution.

By using a commercial mortgage to buy your business premises, the following benefits are available:

• Likelihood? of property increasing in value
• Ownership of property
• Tax deductibility
• Release funds from built up equity, to finance further business projects
• Improved Business Cash flow
• Low interest rates

For businesses struggling to maintain repayment of an existing mortgage; a remortgage may provide the ideal solution.

As the process of paying off one mortgage from the proceeds of another, a remortgage can provide a struggling business with vital benefits:

• Lessen your monthly mortgage payments
• Consolidate existing debts
• Release working capital
• Expand business premises
• Buy further equipment/ Hire further staff members

Factors Affecting a Commercial Mortgage Application

The commercial mortgage application process is one that is extensive and will require a great deal of involvement from the business owner, including commercial documentation and financial records.

Documentation that your commercial mortgage broker may request:

• Business plan
• Performance indication/projections
• Proof of experience
• Credit history
• Business and personal accounts

When determining the loan credibility of a business, a commercial mortgage broker will analyse the above mentioned documentation whilst also taking into account the location of the premises, the viability of the property in question, the nature of the business and the quality of the tenant.

Working on behalf of your business, a commercial mortgage broker will use the loan to value ratio or the debt service coverage ratio to source the ideal lender and the ideal loan sum. Many lenders may offer up to 100% of the property value however; this will vary depending on the commercial mortgage broker you chose to work with.

Who Can Help?

Whatever professional practice your business may be and at whatever size; if in need of commercial finance than a specialist mortgage broker will be able to assist in finding the ideal solution. Despite continuous lending rejection, with rates at an all-time low; now has never been a better time to secure a commercial mortgage agreement.

A commercial mortgage broker will have proven experience in dealing with a range of commercial finance issues and can ensure your business achieve financial aid; even if you have suffered previous rejection by a high street lender.

Dealing with a range of commercial finance including commercial mortgages, bridging finance, invoice financing and development finance; the right commercial mortgage broker will work for your business and tailor the ideal financial solution you will need to cement your success.

Lending criteria will be dependent upon the specific broker service however as a business there are a few issues you will need to discuss and remain cautious of:

• Valuation Fees
• Conveyancing Fees
• Mortgage Options (fixed rate and variable rate)
• Arrangement Fee
• Early Repayment Charges

It is important that you remain aware that a commercial mortgage is a long term deal and will require you to retain a partnership with your lender for up to twenty five years; as a result, ensure you are as comfortable as possible with your lender.

Whatever your professional practice and whatever your business finance needs; contact a commercial mortgage broker today to ensure that 2013 is a year to remember for all the right reasons.?

Source: http://www.charlestonfinancial.co.uk/commercial-mortgages-professional-practices/

national enquirer whitney houston casket photo jk rowling qnexa kingdom of heaven national enquirer whitney houston arizona republican debate arizona debate