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Commercial Finance

COMMERCIAL FINANCE

If you’re looking to grow your business, or are fed up with the costs of renting your business premises this is the page for you.

Commercial Finance is a term that covers many different types of finance. It includes the purchase of commercial property which includes offices, industrial units, retail, healthcare etc.

It can also be borrowing against the rental income of residential property such as HMO’s rather than its bricks and mortar value.


POINTS TO CONSIDER WHEN COMPARING COMMERCIAL FINANCE

  • Manual underwriting;
  • Experience essential to get better rates;
  • Process can be slower;
  • More detailed information required;
  • Rent to interest cover higher than traditional BTL;
  • All types of tenants considered;
  • Term of loan can be shorter;
  • Repayment mortgages are the most common.

PRODUCT TERMS

  • Commercial  Finance available on an interest only, full repayment or part interest and part repayment basis;
  • Loan terms vary from 3 – 30 years;
  • Available to individuals, partnerships, LLPs, trusts and limited companies;
  • Minimum property valuation £100,000;
  • LTV up to 75%, but typically 70%.

Searchlight Finance Ltd is a broker not a lender.

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We are a credit broker not a lender.

Searchlight Finance Ltd is registered at 98, King Street, Knutsford, Cheshire, WA16 6HQ. Company Register number is 07929050.

Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 743220. You can check via www.register.fca.org.

We are registered with the Information Commissioner’s Office, Z3109319 and you can check via www.ico.org.uk.

We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.

We source finance from the whole of market and may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Member of National Association of Commercial Finance Brokers (NACFB).