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Mortgages for Hotels

Commercial Mortgages Fast understands that keeping a hotel competitive in an ever changing market is hard work and makes a constant call on the cash flow of the business.

But keeping your hotel ahead of its competitors, or buying a hotel for the first time, can be both lucrative and rewarding, providing you plan the financing carefully.

Commercial Mortgages Fast arranges mortgages for hotels to help finance renovations and extensions, to unlock money from the business for personal use, or in buying a hotel to begin with.

Buying or remortgaging a Hotel.

If you’re buying a hotel, one of the commercial property mortgages for hotels available through Commercial Mortgages Fast will help you avoid using capital which might be needed elsewhere in developing the business (in renovating and redecorating, for example).

If you’re buying your hotel as a retirement business, as many hoteliers do, this also avoids the need to eat into your nest egg to make the purchase. Commercial Mortgages Fast can also help you if you’re buying a hotel as an investment and planning to let it out. We have specific ‘investment related’ commercial mortgages intended for people buying a hotel for this reason.

Do you already own a Hotel?

If you own a hotel already, Commercial Mortgages Fast can help you arrange a lower rate commercial property remortgage. This unlocks funds you can use to make structural alterations, redecorate and refurbish, or invest in extending your venture. And because our lending partners believe that what you decide to do with your funds is your business, not theirs, you might decide to use the money outside of the business entirely to pay for a long and well-earned break in the off-season, for example.

Who to talk to about mortgages or remortgages for Hotels.

Commercial Mortgages Fast is waiting to help you if you are thinking about buying a hotel, or raising money against a hotel property you already own. 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 your hotel.

At Commercial Mortgages Fast, our specialist banking partners provide a broad range of commercial mortgages for hotels. We can help you raise up to 80% of the hotel property’s value, and possibly more if you’re able to put up additional security as collateral. In fact, we can also help you finance or refinance your hotel in almost any circumstances. We’ll build the perfect solution for your hotel, and you, on terms to suit you.

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

  • Commercial Mortgages Fast will arrange the most suitable commercial mortgage for hotels to match your exact requirements.
  • A commercial mortgage or commercial remortgage arranged by Commercial Mortgages Fast lets you secure as much as 80% of the hotel property value. 
  • We have suitable commercial mortgages for you, whether you plan to run your hotel yourself or simply let the premises to someone else.
  • Commercial Mortgages Fast offers a truly independent approach and always ensures that you receive the best product on terms that are ideal 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.