+
CLOSE
+
CLOSE
Register

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

+
CLOSE
Quick Enquiry

By submitting this form you confirm that are happy to submit your data, which will be used solely for the purposes of my above enquiry

Refinance of trading premises

Deal Structure

70% Loan to Value

£230,000 loan size

Interest Rate 2.8% Over Base

1.5% Arrangement Fee

15-year term

Deal Summary

We were contacted by a new client who asked us to review the loan he had with his current bankers.

He had taken the loan out 3 years ago when he purchased the premises he trades from.

After a brief conversation to understand his circumstances and requirements we reviewed the loan documentation along with his trading accounts and quickly realised we could obtain cheaper finance for him.

We approached several lenders who we knew would be able to offer a cheaper loan and presented the client with various options.

The deal we sourced was cheaper than his current lender and because of the lower interest rate the term of the loan was reduced by 7 years, meaning overall, he saved in excess of £60k in interest costs.

Simon Parkinson

Contact

Simon Parkinson

Quick Enquiry

Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACBF and FIBA. ICO registration reference Z1196910.