Why Use A Commercial Mortgage Broker?
If your business is considering purchasing the likes of new premises then it is possible that you will need to borrow funds to do so with one of the most popular ways of raising such finance being by way of a commercial mortgage. There are a number of lenders that provide this type of mortgage so how can you go about sourcing a competitive deal?
Well, you could merely speak with your bank but, if you just do that, it will only offer you its own lending products. Therefore, how do you know that your bank is offering the most competitive deal that is available to you? You don’t!
You could spend quite some time using the Internet to carry out research into the various commercial lending products available. However, what you will find is that there are so many providers and schemes available with different sets of interest rates, fees and terms and conditions such as the maximum advance that a lender will provide that it could become difficult to assess which is the most suitable to meet your business’s needs.
By using an experienced commercial mortgage broker, in particular one that has access to the whole commercial mortgage market, you are more likely to end up with a competitive finance deal that is perfectly suited to meet the requirements of your business. Such a broker should be up to date with the various lending packages available. He or she will discuss your requirements in detail, getting to know you and your business to help identify a suitable mortgage.
The broker will assist you in the completion and submission of all the relevant paperwork to the chosen lender and liaise with them on your behalf. This should help ensure that your mortgage application runs smoothly and enable you to concentrate on doing what you do best – running and growing your successful business.
We look forward to playing our part in assisting you source a suitable, competitive commercial mortgage deal.