Residential mortgages are for individuals looking to purchase a home. The mortgage is secured on the property and normally a borrower has to pay a deposit. The loan to value LTV can be important.
Buy to let mortgages are mortgages for property investors, who want to purchase a property in order to let it out. Lenders will typically look at the yield a property generates to help decide on the loan.
Commercial mortgages are mortgages for commercial premises such as offices, industrial and retail units. Commercial mortgages can vary in size and term depending on the type of commercial property.
Bridging loans are short term property finance, used by borrowers to bridge-the-gap before a more permanent financial solution is in place. Briding loans are always secured on a property asset such as offices or land.
Property development finance is finance for property development. This can be anything from a complete new build to refurbishment of an old building. We have lenders to suit of types of development projects.
Auction finance is for people and businesses who are looking to complete on a property bought at auction. Once a buyer at an auction wins a bid they are legally obliged to complete within 30 days.
What Is Property Financing?
When you buy a property, unless you are paying cash, you will need some form of financing. This is true for individuals who want to get on the property ladder, and especially true for landlords, and commercial property developers, and commercial landlords.
Your property is your business, and financing it and getting the right financing is imperative!
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If you are a landlord and buy properties to let them out, be it family homes, or a block or flats, be it your first property as a landlord, or you have a portfolio of many properties, you need a buy-to-let mortgage.
Buy-to-let mortgages are different than owner occupied mortgages. The requirements to qualify for the mortgage are different, and so are the repayment terms.
By having properties with tenants and not having a buy-to-let mortgage, you could be in violation of your existing mortgage loan, in addition to looking at insurance issues in trying to insure the property, or place a claim at a later date.
Loanable can help you get the buy-to-let mortgages you need!
If you are a commercial landlord and purchase office space, stores and shops, industrial estate blocks, you know that the commercial mortgage market is different than the residential mortgage market.
Commercial mortgage loans are a different form of loan, and have different qualifying criteria.
Loanable knows this as well, and we can help find you a mortgage for a commercial property, be it your first commercial venture, or your 100th.
If you are a property developer, working in ether the residential housing or commercial market, you know the value of time and money. Getting your developing finance in order and being able to complete projects on time is financially essential!
You may be a builder, building a block of flats or fully detached houses, or a commercial property developer, building offices, or renovating an industrial estate to let spaces out.
You need to have your development financing in order and ready to go as to not stop your progress or profits.
What ever your property financing needs are, Loanable can help!