These are the niche, complex and involved parts of the mortgage market, which demand a higher level of understanding, experience and lender access.
We have been at the "leading-edge" of the mortgage market since we were incorporated and have focused on the more challenging and complex parts of the industry.
For us, this means:
We know our way around all of these, we have a vast lender network and often use a combination to create the best outcomes.
In its simplest form, commercial property finance is the use of secured lending to purchase or refinance a property.
Traditionally the loan is secured by rental income or natural cash flow from a business, with the terms and headline interest rate highly dependent on these factors. Historically, larger companies with stronger cash flow have often found it easier to secure commercial property finance compared to smaller operations.
The situation has changed over the last few years with the more specialist commercial property financial companies offering bespoke funding for small, medium, and large operations.Learn More
Property development finance is a solution required for property developers to fund the construction of a project, be it for new developments or the conversion and refurbishments of residential or commercial land and property. This type of finance is usually in the form of a short term loan, although there is an increasing number of options available on the market to meet your requirements.
Time is often of the essence when it comes to property development, so in order to create the best possible funding solution for a project, you will need to move fast.Learn More
Investors with multiple properties often hold their portfolios in a partnership, giving them the freedom to invest in both residential and commercial property and flexibility in terms of access to income and capital.
When it comes to securing further finance – either to purchase further property or release equity to prove on an existing one – this can be done against the portfolio as a whole. However, a number of recent changes from the government have changed the way profits from a property business are calculated and taxed, reducing the flexibility landlords once had.
Speaking to a broker about structuring your financing is now more important than ever.Learn More
If your business is looking for a new property to purchase to conduct commercial operations from it, then you will be seeking owner-occupier commercial finance.
Clients often come to us wanting to know exactly how much they can borrow for the purchase of their owner-occupied commercial property. Theoretically, for this sort of loan, loan to values (LTV) can reach up to 75%, though this is really at the upper end of the LTV spectrum. In most cases, the highest rate that can be achieved is 65% LTV. Indeed, at Enness this is the rate that we consistently deliver.
Those looking to invest in commercial property will be looking to do one of two things, either to purchase the property as an investment and rent out for further commercial uses or simply use the property as a platform for their business to operate from, i.e an owner-occupier.
The types of commercial property out there can be formatted into various categories in relation to what they are used for. When boiled down, the main uses for a commercial property will be retail, industrial, agricultural, mixed-use or service-based.
When buying a commercial property that is fewer than three years old, the purchase will attract value-added tax (VAT) on the purchase price at the prevailing rate, which is currently 20%.
If the commercial property is older than three years, however, and if the current owner has opted to tax the property, standard rate VAT will also be applied. As a VAT registered company, you can claim back the 20% tax after a lengthy period of time.
However, 20% is a sizeable chunk of any budget and for the purposes of cash flow and financial stability, it can be a limiting factor in any business project as, traditionally, commercial lenders will not include VAT in their loan calculation, leaving borrowers to fund the extra cost.
Enness works with a trusted partner who can provide VAT loans to clients; covering the VAT bill upfront, whilst you wait to be reimbursed by HMRC.
We are able to obtain a mortgage for any commercial property generating an income, and we can do this regardless of global location.
Securing finance overseas can be challenging, especially if you don’t speak the language, or aren’t familiar with the country’s financial processes.
Our international expertise and network of lending contacts enable us to navigate the intricacies of different markets and legal jurisdictions.
Enness understands a business’ requirements extend beyond simply purchasing a commercial property, and is committed to helping our clients fulfil their business ambition.
We can help you with:
The more traditional business assets used as security for business loans include:
Individual secured business finance providers may also take into account other assets such as:
One of the growing sectors with regards to unsecured business loans is the peer-to-peer market. They will consider all finance applications although all potential clients will still need to provide an array of pre-offer documents. These tend to include:
If you want to satisfy your penchant for fine road machinery, it’s helpful to understand supercar finance so that you can secure the best arrangement.
Some vehicles demand attention. A red Lamborghini Huracan or Ferrari 812 Superfast is bound to turn heads.
A supercar exudes affluence, prestige, and luxury. It also shows your appreciation for the finer things in life. For this reason and others, the supercar has become a staple of select collectors.Learn More