We helped a property development business refinance a bridging loan onto a long-term, lower-cost commercial mortgage.
We recently supported a property development business with a £200,000 owner-occupied commercial mortgage, refinancing a 12-month bridging loan and securing its premises on a long-term footing.
The refinance gave the business greater stability, replacing short-term borrowing with a sustainable, long-term lending arrangement suited to its plans.
By advising the client to file their profitable year-end accounts early, we were able to generate stronger competition between lenders, resulting in a significantly improved interest rate. This is projected to save the business more than £100,000 in interest over the term of the loan. It’s a clear example of how the right funding strategy, combined with the right guidance at the right time, can reduce long-term borrowing costs and deliver a better outcome.
Key Highlights
- £200,000 owner-occupied commercial mortgage secured
- Refinanced a 12-month bridging loan onto a long-term facility
- Early filing of accounts increased lender competition and improved terms
- Projected interest savings of more than £100,000 over the loan term
If you’re looking to refinance existing borrowing, secure funding for your business premises or explore your commercial finance options, get in touch with our team.