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Mortgages for Factories

Buying or refinancing a factory using a commercial property mortgage or remortgage can be an attractive prospect if you’re an investor looking for capital growth, or an entrepreneur operating a manufacturing business and  Commercial Mortgages Fast is here to help you.

Despite the shift towards a service-based economy, in 2007 more UK manufacturing companies experienced a rise in output and orders than at any time in the last 11 years.

If you’re an investor taking advantage of this growth opportunity or a manufacturer seeking to buy your own premises, a commercial property mortgage lets you to do so without tying up capital.

What if I already own a Factory?

If you own and run a factory, or if you own a factory which is let to another business, Commercial Mortgages Fast can help you unlock capital with a commercial property remortgage.

You could use the money to carry out modifications or extensions to your existing factory building, purchase new machinery or technology, or invest in other ventures. You’ll even be able you to use the money for some other purpose (perhaps even personal) entirely. At Commercial Mortgages Fast our lending partners take the view that it’s your business, and not ours, how you use your funds.

Buying a Factory to let.

Commercial Mortgages Fast can also help you if you’re considering buying a factory as an investment, with the intention of letting it out to another business. There are specific ‘investment related’ commercial mortgages for factories available, and these can be of particular interest to tax-conscious owners who may be considering buying a factory privately, and then letting it to their own company.

Who to talk to about buying or remortgaging a Factory.

Commercial Mortgages Fast are waiting to help you if you are thinking about buying a factory, or raising money against a factory you own via a commercial remortgage.

You might feel you should talk to your bank first, but your bank is in the business of selling its own financial products, and its business lending manager isn’t free to lead you to the best commercial property mortgage for you.

At Commercial Mortgages Fast, our specialist banking partners provide a broad range of commercial mortgages for factories, and we match you with the one that’s best for your business needs.

We can help you raise up to 70% of the value of the factory you’re buying, and possibly more if you’re able to put up additional security (such as another factory, a commercial building or residential property) as collateral. At Commercial Mortgages Fast we can help you in any circumstances. We’ll build the perfect solution for your factory, and you, on your terms.

Why choose Commercial Mortgages Fast to help you buy or refinance your factory?

  • Mortgages for Factories from Commercial Mortgages Fast will fit your exact requirements.
  • You can secure as much as 70% of the Factory property value on a Commercial Mortgages Fast commercial mortgage or commercial remortgage.
  • We have suitable mortgages for you, whether you want to use the factory yourself or simply lease it out on an investment basis.
  • Commercial Mortgages Fast offers a truly independent approach and always ensures that you receive the best product and deal for your circumstances.

How much do we charge for our services?

Following receipt of your completed Commercial Mortgage or Remortgage form, we will undertake a proper review of your application. We will document and log all of the key facts relevant to it and the financing options that are available to you and your business. This will help to ensure that any recommendation which we make to you will be the most appropriate for you and your business after taking full account of your circumstances.

Once we have made our recommendations to you we will confirm our advice in writing.

Standard commercial mortgage application

This applies to any application where satisfactory accounts are provided and where there are no adverse credit issues. Our Professional Services Application Fee for a Standard application is currently £499 for each mortgage contract.

This fee which will be payable by Credit or Debit card at the time of application will cover the costs of any case work involved in preparing, submitting and managing your application/s. In addition to any Professional Services Application Fee, on completion we will receive a fee from the lender.

You will not have to pay any other fees.

Adverse credit commercial mortgage application

For any application where there are no accounts, or there is an impaired credit history, for example, CCJs, missed loan repayments or defaults, our workload will increase substantially. Accordingly, our Professional Services Application Fee will be £699 for each mortgage contract.

This fee which will be payable by Credit or Debit card at the time of application will cover the costs of any case work involved in preparing, submitting and managing your application/s. In addition to any Professional Services Application Fee, on completion we will receive a fee from the lender.

We will also charge Professional Services Fee of 1% on completion.

Refund of fees

If we are unable to secure an offer from any lender in respect of your application, you will receive a full refund of any Professional Services Application Fee which you have paid to us. If the application does not proceed for any other reason you will not receive a refund.

Valuation/survey fees

A valuation / survey fee will be required as part of the application process and we will advise you of the exact amount at the time of application.  All valuation / survey fees are payable at the time of application by Credit or Debit card and are completely non-refundable.