Commercial Mortgage for Professional Practice
Types of Practices Accepted
- GP Surgeries
- Private medical practices
- Dental Practice
- Veterinary Surgeries
- Childcare Nurseries
- Private Health Clinics
- Optician Clinics
- Private Schools
- Solicitors & Accountant practices
General Lending Guidelines for Professional Practice Mortgages
Mortgages are available for property purchase, or restructuring existing finance. Loans will be secured on the freehold or leasehold property and can include the ‘going concern’.
Up to 80% MV1 is possible in some circumstances. Sector experience is required in all cases. Loans can be repayment up to 30 years, or interest only.
- Mortgage Terms up to 30 Years
- Up to 80% Loan To Value (or Purchase price)
- Interest only and repayment
Summary of Details Required
- What does the purchase price or value include?
- Address of the property
- Trading accounts for last 3 years
- Tenure of the property: Leasehold or Freehold
- Professional CV
Summary of Application Process
We will listen to your requirements and ask questions about your circumstances to fully understand what is required. Informal negotiations will initially be entered into with potential lenders to gain a verbal consensus to lend. Indicative terms will then be quoted for your consideration.
- Fill out our enquiry form online or call us on 0330 173 6570
- Receive indicative lending terms
- Complete a mortgage application
- Provide supporting documentation
- Supply ID and proof of address for each applicant
- Property Valuation
- We liase with the lender on any follow up clarifications
- Offer of mortgage received
- Legal process
- Completion
Available on-line at www.btl-direct.com