Commercial Mortgage Deals

Yes, with the number of traditionally buy to let financiers decreasing in recent years, there are still many banking and specialized financiers who are satisfied with BTL and BTL features.

Is it allowed to buy a real estate under the name of a Ltd? In many cases, ownership today is bought under the name of a Ltd. corporation, backed by Director Guarantees. Ltd. can be an established enterprise or a start-up corporation. Actually, there is no limit on the amount of credit advances that creditors can charge.

Generally, if the tender is financially viable, a multi-million euro advanced can be obtained. What kind of payment is usually necessary? At present, a 25% margin is necessary to finance buy and re-mortgage operations. These types of deals are considered semi-commercial and depend on the duration of the tenancy and the revenue from the ASTs.

When a client resides in the real estate and also operates the shop from there, this is okay, provided that the living area does not surpass 40% of the area. Wait, I thought you said there were no loans from a bank? It was perceived that many creditors have withdrawn and are not assisting current customers.

In fact, while mortgage credit in the housing sector has been reduced, there is still a great deal of hunger to finance business in the commercial and short-term commercial sectors for the right kind of business, and indeed there have been many new creditors who have opened their door to help clients and SMEs.

Which are the best prices on the shelves? We have some great prices on sale and prices have never been so low. In the case of a commercial sale or re-mortgage, interest charges may be up to 2,65 per cent above the bank's basic interest charge (currently 0,5 per cent). Interest Rates are usually trackers guided and floating, but there are some set interest rate with certain creditors available.

Is it possible to buy an already owned real estate with a company? In absolute terms, all creditors and bankers are lucky, provided that the current deal is still going well and profitably and that the new buyer either has good experiences to keep on making a profit or has a rental agreement and leases to new renters for the long haul.