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New commercial lending criteria
Over the last few years the
Lenders will lend on the following types of businesses or Small and Medium Enterprises, including retail, tourism, care sector, B&B’s, Shops, Pubs, Guest Houses, Farms, Land, Hotels, Industrial Units, Offices, Factories, livery, Restaurants and Take Away’s.
Business lending include services in raising commercial finance, invoice discounting, factoring and improving existing commercial lending deals. Commercial mortgage brokers work with lending underwriters and bank business development managers. The business development managers show advisors directly how to introduce business often resulting in lenders’ being more flexible in their lending discussions and criteria. This can mean previously rejected cases being passed with even a lower rate than first stated. Due to lending volumes.
There are dedicated specialist lenders meaning it possible to now get self certified, show limited paperwork, borrow up to 85% loan to value and have an impaired credit history. Mortgages will be taken on long leases and a short time of trading experience.