Limited Company Semi Commercial Purchase

The Client

Our client’s business is a limited company which has been trading as a mini-supermarket and established in the area for more than 15 years. The business has been extremely profitable and has been growing year on year and their premises has been on a long lease.

The Scenario

The landlord was looking to sell the premises and so it was the perfect time for our client to swoop in and look at purchasing their trading premises. The client was even able to take advantage of the flat upstairs and the car park at the back which they will now use for their customers.

Discover our Commercial Mortgage Broker services.

The Solution

We used the business accounts for the last 3 years to evidence how the business has been running extremely well and has been constantly making profit each year. Our client’s had always been up to date with their rent payments and even better, the mortgage payments for the commercial unit can be supported from the rental income being generated from the flat upstairs.

There can be scenarios where the lenders may not even consider the income from the commercial part if the mortgage fits using the rental income from the residential element. The reason sometimes is due to ease of letting out a residential premises due to market demand. Having access to multiple lenders in this space and working with lenders that look at “common sense lending” has been beneficial for our client’s enquiries.

Summary

A lot of lenders backed out of the Commercial and Semi-commercial mortgage market during the pandemic; however, our expertise and contacts have meant that we have been able to offer these products to our clients constantly even during the pandemic. The lenders are again starting to embrace the strength of the market going forward and can take a sensible approach to repayment of their mortgage payments.

If you have any questions relating to Commercial Finance, contact us today to speak directly with one of our CeMAP certified Mortgage Advisors. Call us today on 0113 8730 740. Alternatively, please complete this short online form and one of our Advisors will call you right back.