Case Study - Florist with flats above

Commercial Loan Advice can manage semi-commercial classes

The case

Our client required an 85% Loan to Value (LTV) on a shop purchase with living accommodation which consisted of 2 flats.

Why Commercial Loan Advice?
The applicants, a husband and wife want to use the living accommodation as their principal residence.
Having been unable to obtain an 85% mortgage from the high street lenders due to a number of factors; the LTV was too high and a residential mortgage was not applicable due to the commercial element of the property. On approaching Commercial Loan Advice they were reassured that we could cope with such a high Loan to Value mortgage.

Commercial Loan Advice were only too happy to assist the couple. Within a couple of minutes our Independent Broker had identified that Commercial Loan Advice could help and set about getting a conditional offer to the Applicants within 72 hours.

The Commercial Loan Advice underwriter assigned to the case noted that the couple had a very good mortgage history, and previous experience in the florist industry and were happy to assist.

A speedy turnaround
Commercial Loan Advice's underwritten and credit checked conditional offer was with the customers within 72 hours.

They were happy with the deal and moved quickly to carry out a valuation of the property. Within 7 weeks of the conditional offer being sent, the customers had completed, moved into the flat above and were able to start trading as florists.

Call to speak with one of our commercial brokers on: 0800 804 7294
or click here to apply online.

If you are a client of Commercial Loan Advice and would like your case listed here, please let us know.