Non Status Commercial Mortgages

non status commercial mortgagesWe currently have active commercial mortgage lenders who will accept non status applicants. Non status commercial mortgages are specifically for applicants who may not have all the necessary historical financial information that the main stream or high street banks require to satisfy their lending criteria. Or the applicants credit profile may be poor, the business who took out the mortgage may hit hard times and picked up adverse credit or fallen behind on their current mortgage payments.

For the above reasons non status commercial mortgages are regarded as a high risk and therefore the lenders we have who will accept this credit profile will charge a higher interest rate and will have a restricted loan to value ratio. Typically you can expect to be lent no more than 65% of the 90 day valuation.

Key features of non status commercial mortgages

  • Commercial Loans from £25,000
  • Rates from 1.25% per month.
  • Interest Only or Capital & Repayment.
  • Maximum Loan to Valuation 65% of the 90 day figure.
  • Flexible repayment terms with no minimum or maximum available.
  • All commercial properties considered including residential buy to lets, Land, Agricultural, Equestrian Properties, Public Houses, Hotels, Care Homes, Offices, Retail, Convenience Stores & Take Aways.
  • Adverse credit & mortgage arrears are considered.
  • Incomplete accounting information accepted. 

You should clearly not enter into any mortgage or loan agreement where you do not have the ability to make repayments. If your business has turned the corner and have the ability to service the loan a non status commercial mortgage can offer you solution.

For more information on commercial mortgages speak with one of our advisors on 0114 2945 046


Clydesdale and Yorkshire bank Exit Commercial Property Loans & Mortgages

Clydesdale and Yorkshire bank exit commercial mortgagesNational Australia Bank (NAB) the parent of Clydesdale and Yorkshire Bank have already shed £1.2 Billion in the last 10 months  leaving a legacy portfolio of £4.4 Billion


Whilst it is sad to see competitive commercial mortgage lenders leave the UK arena Enable Finance have been growing their commercial mortgage offering over the past 12 months and are perfectly placed to help existing Yorkshire & Clydesdale Bank customers who are worried about their commercial property loans.

NAB’s decision to exit property lending almost 18 months ago was part of a wider strategic review to reduce it UK risk appetite, driven by rising bank funding costs and the then “double-dip” return to capital depreciation in UK property markets.

In its half year results to the end of March, published 9 May, NAB published a £185 million B&DD (bad and doubtful debts) charge reflecting “the on-going stress in the commercial real estate market in the UK”, compared to an equivalent B&DD charge of £249 million for the six months to September 2012.

If you hold a Clydesdale or Yorkshire Bank commercial mortgage and are concerned about how this could effect you, please do feel free to call Phillip Evans on 0114 2945 046.

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