Helping a business to buy its premises and expand.
We recently worked with a Barbershop business to secure a Commercial Trading Mortgage to purchase their shop, which they were currently renting. The client was also looking to expand their business into the shop next door.
The offer to buy both properties was accepted in March, before the original lockdown. We were able to work closely with both the client and the bank to get the mortgage approved and completed at 75% LTV.
We were able to split the mortgage between capital repayment and interest only to make it more affordable.