Funding the purchase of commercial premises or property for development has been a mainstay of the Banks for a very long time. In recent years, this market has developed rapidly and seen the appearance of many new players including the Building Societies, overseas Banks, specialist property lenders, bridging loan companies and secondary Banks/lenders.
The one size fits all approach by lenders has long gone and facilities can be tailored to meet your needs whether you are buying your own business premises, buying to let, developing land/premises for commercial or residential use or simply raising cash against property you own. Loans of up to 80% of the property value are available for periods up to 25 years and can often be taken with lengthy capital repayment holidays or on an interest only basis. Whilst the Banks and Building Societies tend to offer the best interest rates and cheaper fees, other lenders may be more suitable if you have specialised requirements, a need for short term funding or need to move very quickly to secure a property.
At Plutus we recognise buying property is an expensive long term commitment and it is essential to get the very best deal possible. We have an extensive range of contacts covering the whole spectrum of the market and we will always strive to ensure you obtain the deal that matches your requirements.
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