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Mortgages for Restaurants

Buying a restaurant is a lifestyle decision, business decision and investment decision rolled into one.

Commercial Mortgages Fast understands that the restaurant business attracts buyers with a wide variety of experience, backgrounds and resources. As such, we go out of our way to work with anyone interested in buying a restaurant to arrange a commercial mortgage product most suited to their situation.

Commercial Mortgages Fast provides commercial property mortgage solutions for restaurants from lenders who specialise in the sector and understand the issues restaurant owners face every day.

Buying or remortgaging a Restaurant.

Commercial Mortgages Fast is ready to help if you’re thinking of buying a restaurant. We’ll match you with one of the many excellent commercial property mortgages for restaurants available. This is almost always the best way of buying a restaurant, and avoids using up capital you might want to have available for refurbishing or extending the premises, or for using elsewhere in the business.

You may decide to use part of the mortgage funds to convert residential space above the restaurant into a flat which you can let out, or to covert a cellar into a function room, perhaps. Commercial Mortgages Fast believes that it’s your business, rather than ours, how you choose to use your funds.

Do you already own a Restaurant?

If you already own a restaurant, Commercial Mortgages Fast can arrange a lower rate commercial remortgage to give an injection of capital to move your business forward. You may wish to extend or refurbish your premises, for example, or add a terrace or deck to build business in the summer months.

You may even want to purchase a second restaurant to create a local chain or try to develop the business for a wider expansion. Commercial Mortgages Fast can help you finance plans for your restaurant in almost any circumstances. (We really do understand that business is tough at times. Even if you have a poor track record with a current lender or have missed mortgage payments here and there, we will still do our best to deliver the right solution for you and your business.)

Who to talk to about mortgages or remortgages for Restaurants.

Commercial Mortgages Fast is waiting to help you if you are thinking about buying a restaurant, or raising money against a restaurant you own. You might think 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 restaurants, and we match you with the one that’s best for your needs.

Commercial Mortgages Fast can help you raise up to 70% of your restaurant’s value, and possibly more if you’re prepared to put up additional security (such as your home). We can help you in any circumstances. We’ll build the perfect solution for your restaurant, and you, on terms to suit you.

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

  • Your Commercial Mortgages Fast commercial property mortgage will match your exact requirements.
  • You can secure as much as 70% of the value of a restaurant on a Commercial Mortgages Fast commercial mortgage or commercial remortgage.
  • We have huge experience of arranging finance for the restaurant industry, and access to specifically suited lenders and commercial mortgage products.
  • Commercial Mortgages Fast offers a truly independent approach and always ensures 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.