"Discover how to save time and hassle with your next mortgage?"...

...There are a number of mortgage categories and these include;

• residential mortgages
• buy to let mortgages
• commercial mortgages
• Re-mortgage on existing property
• Combined commercial or business mortgage and a residential mortgage

you need to decide which one is right for you.

What are the main differences?

The easiest way to look at this is to think of a residential mortgage for your main home or the place that you normally live in.

If you decide to buy a home and plan to let it out this is likely to mean that you will need a buy to let mortgage.

Commercial mortgages can used to purchase almost anything that relate to commercial property assets.

All lenders are looking at afford ability before they are willing to advance you money, but they look at each mortgage category slightly differently.

A risk you need to be aware of

‘Your home may be repossessed if you do not keep up repayments on your mortgage’.

Regulated or unregulated?

You may be thinking that all mortgages are regulated by the Financial Services Authority, life (and business) would probably be simpler if they were but...the answer is that they aren't.

As of January 2008 the Financial Services Authority regulate residential mortgages. "The Financial Services Authority does not regulate some forms of buy to lets and commercial mortgages”

This means you must ensure that you find a good mortgage broker and especially if you want or need a buy to let or commercial mortgage.

What other options do I have?

For businesses or business owners there are a surprising range of options available when it comes to raising finance. It is possible that you may not even need the finance you think you need!

What do you mean I hear you say?

Business owners are often looking for cash to develop and grow the business. There are a lot of hidden assets within almost every business and these can often be better optimised and leveraged to create more profits and cash flow.

Give Steve Prior a call on his direct dial number and he would be happy to have a friendly chat with you. His number is +44 (0) 1793 346 823.

Asset financing is another alternative

Businesses are sometimes sitting on considerable assets (not property related) and there are a number of lenders who specialise in these type of arrangements.

Please click here to Get Help Fast or visit the tab at the top of this page...

Fees

"Our charges are usually £500 (residential mortgage) or 1% of the loan for other mortgages".

Example; A £100,000 non residential mortgage would be £1000 of fees.

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