Commercial Finance

A commercial mortgage is probably the best way to finance the purchase of buildings and land for business purposes, it provides the most flexible and affordable finance solution.
Mortgage loans of this type are tailor made for purchasing any commercial property used for business purposes including shops, factories, offices and warehouses. Commercial mortgages can also be used for taking over an existing business, purchasing a brand new building or buying land.
Although they often come with higher interest rates and more variables than residential mortgages, commercial mortgages are more flexible and can carry extra incentives for borrowers. With commercial mortgages, the lender has a legal claim over the property or land until the loan has been fully repaid.
Ring our number on 02920 877866 to speak to an advisor or alternatively fill in the form:

International Mortgages

A mortgage is a sum of money borrowed from a bank or building society, for the purchase of property. It is paid back over an agreed period of time (usually no less than 5 years).
The international mortgage is similar in many ways to a mortgage you would take out when purchasing property in the UK. However there may be different taxation levels, fees or restrictions to consider when purchasing abroad.
Thomas George Finance has built extensive relationships with providers of International Mortgages.

Bridging Loan

Bridging loans are usually seen as a temporary way to alleviate cash problems when outlaying large amounts of money and waiting for other sources of finance.
Bridging loans can come in handy in all sorts of situations, whether buying a property, extending a property or buying a business.

Bridging Loan FAQs
What does the term 'bridging loan' mean?

Bridging finance refers to a type of loan taken out to solve temporary cash problems. For instance, if you own a house but are upsizing to a more expensive property, a bridging loan could cover you to buy the house you want before you have sold the first one.
Similarly, if you are buying a property at auction, you may need to put down a deposit or pay the balance on a house quickly - before a mortgage lender can arrange finance.

Is a bridging loan like a very short mortgage?

Not quite. Because of the extra risks, bridging loans will be more expensive, and they should only be considered as an option if you think you can repay relatively quickly. The key for bridging loans is to move fast: a short-term bridging loan can be an ideal financial solution.

How do bridging loans work?

Usually, bridging loans are based on the value of the properties involved less any existing mortgages. A maximum of £500,000 is usually fixed, although some lenders will go higher.

How much do bridging loans cost?

Bridging loans are generally set at a fixed interest rate, usually a percentage of the overall value per month. Usually with this type of loan it is necessary to move quickly, and borrowers don't shop around for the best rate. However, in theory variations in rates will be available from different lenders. Like normal mortgages, a bad credit history will mean you have to pay more.

Getting a bridging loan for a property auction

When buying a house from a property auction, be it to occupy or rent out, it is necessary to complete on the deal within 28 days. Some companies offer a specific service to cover this, providing non-status loans especially for auction transactions. These companies often have no minimum loan period and no early redemption penalties, but interest rates can be higher.

Where to get a bridging loan?

Through our relationship with our network, Intrinsic Mortgage Planning, we have access to some excellent Bridging Finance Specialist.
The point of bridging finance is its rapidity. The entire process should take no longer than 10 days, but it could even be quicker if there are no problems at any stage.
An initial contact to Thomas George finance will  ascertain your needs , obviously speed is of the essence and our relationships extend further than just the lender to surveyors and specialist conveyances solicitors that can all ensure that bridging Finance is achieved as cost effectively and expediently as possible

How do I get a bridging loan?

It is important to have the property your loan will be secured against valued quickly. The lender will conduct this valuation, and as soon as it has been paid for, the process will begin.
For more information about bridging loans and to get a bridging loans quote, please use our Mortgage Enquiry Form and one of our experts will contact you for further assistance.
Alternatively, you can give us a call on 02920 877866, whether you are seeking a residential bridging loan or a commercial bridging loan.

Please note that the FSA do not regulate some forms of Buy To Let mortgages/Commercial Finance.