30-year repayment terms
Dedicated account management
Interest only periods available
Simple application process
Up to 85% loan to value
Fixed and variable rate options
Property Finance is a term used to describe a suite of products that include Commercial Mortgages, Bridging Finance, and Property Development Finance. This type of business finance suits commercial developers, who are looking to purchase or refurbish properties, or business owners looking to expand their office space and want to purchase a commercial building.
Work in a similar way to personal mortgages. A business owner or property developer seeks a long-term agreement to fund a commercial property development land purchase. Commercial mortgages usually have term lengths of around 30 years but can be adjusted based on your specific funding requirement. Typically, a deposit of around 10-30% is required on commercial mortgages. If you are a business owner or property developer who needs to purchase a commercial building, fund a development site or something similar please get in touch to discuss your situation on 0333 015 3301.
A short-term finance product for commercial property developers providing a lump sum of funds to action other projects. To arrange an agreement for this type of finance a property finance lender will require security against a property, development site or owned land. Terms can range from 1 month to 5 years.
If you need a short-term funding option, give us a call on 0333 015 3301 or complete our online enquiry form.
Property development is a finance solution aimed at facilitating development projects, refurbishments, restoration, or property upgrades. Finance terms generally are up to 24 months and offer values up to 70% of land costs and 100% build costs or 60 to 70% of the gross development value (GDV).
If you require property development finance, get in touch with us on 0333 015 3301 to discuss your requirement.
Application – A finance application will be submitted to an underwriter with a decision granted typically within 3-5 days.
Approval – Finance Approved. A copy of your finance agreement is sent to you for completion.
Payout – Upon receipt of your signed agreement we process, activate and release funds
Commercial Mortgages, Bridging Loans and Development finance all lend themselves to specific funding requirements. See the table below for an easy to digest comparison between the 3.
If you would like to discuss any of the options in more detail, give one of our account managers on 0333 015 3301 or drop us an email at firstname.lastname@example.org
Arrange a commercial mortgage for the purchase, refinance, or renovation of a commercial premises.
Used for a variety of requirements as a source of quick, short term finance secured against a property.
Development finance Is exactly that – finance used for development. We can help if you are a new or experienced developer.
Providing your customers with an attractive alternative to paying with cash is a great way to reveal the true sales potential of your business. By utilising Millbrook Partner Finance, you can offer finance as a payment method to your customers. Here are some key reasons as to why so many organisations utilise Millbrook Partner Finance.