• Rates from 1% per month
• Term – open ended unlike all bridgers
• 3 months’ interest on redemption
• Property types – all except development and filling stations
• Age – no maximum age
• Purpose of funds – no restrictions save must be for business use
• Amount of loan £50,000 to £1m
• Maximum Loan To Valuation 65% of a 90 day value
• Happy to take out a bridging lender
• Simple and quick

The commercial mortgage facility is TRUE non status. I often think that lots of people really do not know what this means. It means that we are only concerned about the property. We are NOT interested in

• Credit scoring
• Credit reports
• Accounts
• Payslips
• Bank statements
• CCJ details
• Business Plans

If you would like to know more about the product or would like to apply online please click here

The bad credit may have been registered to your Limited Company or you the Owner / Director. While the commercial mortgages are available on a non status basis commercial mortgages are assed individually on there own merits.

Bad Credit Commercial Mortgage – Product Overview

Loan Sizes: min £50,000.00 Max £250,000.00 with loans in the region of £100,000 to £200,000 being reviewed favourably

Loan to values: up to 60% of the 180 day market value of the property but taking account of the 90 day value

Property types / Acceptable Lending security

Examples: residential, retail, offices, warehouses, factories, garages, care homes, cafés and restaurants,

Limited priority on: farms/farm land, hotels, public houses (including working men’s clubs)

Exclusions: development (including development land), nightclubs, petrol stations, waste transfer sites, fish farms, caravan sites, golf clubs, commercial leasehold security and any other property which may be viewed upon as “exotic or extreme”

Location: Exclusions in more isolated rural areas (non applicable to farms/farm land)

Tenure: freehold only on commercial security, with min 125 years on residential leasehold security

For more information on commercial mortgages and how Enable Finance Ltd can help your business contact one of our Commercial Finance Advisor or why not apply on line for a Risk Free commercial mortgage quote.

Click here for a RISK FREE Commercial Mortgage Quote