Commercial Finance
Millennium Commercial Finance Ltd is a sister company of Millennium Finance Ltd and are a highly regarded UK commercial mortgage broker, with a strong reputation for competence, efficiency, diligence and honest expertise. Just as with our domestic mortgages we are able to manage a mortgage application from start to finish, meaning that we deal with all the paperwork and correspondence, even making sure that we deal with the mortgage lender’s Commercial Manager on your behalf.
Due to our expertise in the commercial mortgage sector, we can find the best commercial mortgage for you by using our contacts and vast experience. And of course, you can take advantage of all this experience and expertise with our initial no obligation consultation.
Commercial mortgages are usually used to either buy business premises, or buy an existing business and its premises. They are often offered based on the business’ viability, either based on a business plan or if it is a going concern.
Millennium Commercial Finance understands how individual business customers’ needs are, and that off the shelf finance packages are not always suitable, or provide the best finance facilities for our business customers. This is why Millennium Commercial Finance spends a great deal of time making sure we fully understand your business so we can be certain that the commercial mortgage deal we offer provides the best finance facility for your business, and also the best value for your actual circumstances – customers looking for commercial mortgage finance can be rest assured that we are highly experienced in all aspects of securing commercial mortgages and leave no stone unturned to ensure we only put forward the very best commercial mortgage finance deals for you. Please contact us for more information.
Click here, we are available via Phone, Email or simply complete the form and an advisor will call you back.
Commercial Finance for new businesses
Starting a new business, expanding an existing one, or moving to new premises can be an exciting, yet daunting, time for any business owner. Arranging a domestic mortgage can be stressful enough, so where do you start with a commercial one? Here at Millennium Commercial Finance we pride ourselves on giving impartial advice, maximising our reputation with mortgage lenders in order to secure the best commercial mortgage deal for you. We offer an initial, no obligation, consultation free of charge and our highly experienced commercial mortgage brokers would be delighted to take your call today.
Securing Commercial Finance
It is often easier than you would imagine, assuming that you meet the criteria of specific lenders, which is something that we at Millennium Commercial Finance can help you with. It is still worth talking to us, even if your business did not make a substantial profit in the previous year, or if it is a new business with no evidence of actual profit, because we can match you to lenders who may be able to help you.
Lenders often consider your business plan, or profit, before offering you an interest rate. This could actually work to your advantage because if your numbers are good you may pay a lower rate of interest. The mortgage is usually based on the ability of your business to meet the repayments. Sometimes lenders will want to see a professional valuation of your business. Commercial mortgages are available for limited companies, sole traders and individuals.
Consider buying the commercial premises you currently renting
Like with domestic properties there are multiple benefits to buying, rather than renting, business premises. The money that you pay each month is an investment, it goes toward building up equity which can be re-mortgaged if needed. If you continue to rent then you have no way of re-using the money that you pay to your landlord each month.
Deposit required for Commercial Lending
There is a relatively low deposit (usually around 25 per cent of the property value), you also get the benefit of flexible repayment terms, depending on status, but these can extend to up to 25 years. This means that your commercial mortgage can reflect your long-term business needs and means that the monthly repayments are likely to be affordable.
Through our sister company Millennium Commercial Finance can arrange your commercial finance.
Our personalised service is tailored to the specific needs of the project at hand and we already work with a number of lenders that have specific products designed for individuals and existing companies. We will offer an effective, efficient service that delivers great value on the products that is right for you.
Click here, we are available via Phone, Email or simply complete the form and an advisor will call you back.
Bridging Finance
Otherwise known as short-term finance or auction finance, bridging loans can be useful to businesses in any number of different circumstances.
- Auction purchases
- Paying an urgent debt
- Property development or conversion
- Property purchase or re-finance
- Cash flow injection
Bridging finance is a way of purchasing property or raising funds quickly, in some circumstances as quickly as 48 hours, for those financial needs that are urgent and potentially short-lived.
The team at Millennium Commercial Finance Ltd work closely with our clients to understand what the short term funding requirement is, the likely term of the loan, how the loan will be repaid and any other requirements the client may have. We then tailor a bespoke facility to meet the clients’ needs.
The following options are available:
- Quick and simple application process with loans approved in 24 hours or less
- First and second charge loans
- Funds available quickly
- Short and long term facilities available
- Flexible rates with interest roll up
- Fees can be added to the loan
- 100% funding available with additional security provided
It is worth bearing in mind that many bridging lenders will also lend against market value rather than purchase price, which can be a useful tool for property investors and developers.
Speed is critical in bridging funding and on average we can achieve first enquiry to completion within 7-10 working days.
We are specialists in bridging finance and work with numerous bridging lenders covering all circumstances. Our recommendations mean our clients are placed with the most appropriate and competitive lender with speed and minimum fuss.
Through our sister company Millennium Commercial Finance Ltd can arrange your commercial finance.
Our personalised service is tailored to the specific needs of the project at hand and we already work with a number of lenders that have specific products designed for individuals and existing companies. We will offer an effective, efficient service that delivers great value on the products that is right for you.
Click here, we are available via Phone, Email or simply complete the form and an advisor will call you back.
Millennium Finance Limited are unable to provide you with advice on commercial mortgages. However, we can introduce you to our sister company Millennium Commercial Finance Limited whom are authorised and regulated who can provide you with specialist advice.
Commercial Mortgages are referred to a third party. Neither Millennium Finance Ltd nor PRIMIS are responsible for the service received. These services are not usually regulated by the Financial Conduct Authority and may have limited Consumer protection.
