UK Non Status Property Development Finance

Non Status Property Development Finance: No Accounts?, No Profits?, No History?.. No problem!

Jump to: Acceptable Security | Application Requirements

Most of the UK building societies and high street banks lend to “low risk” businesses not with credit problems, usually where the business has built up a credible trading history, is currently trading profitably and the ability to repay the commercial mortgage is clearly evident.

However, not all UK businesses fall into this category and need an alternative option when the bank says NO! - Non status property development finance

Sterling Capital Reserve Ltd are one of the few brokers who can offer Adverse Credit Property Development Finance and regularly package applications for specialist non status commercial lenders. Unlike traditional banks who tend to concentrate on historic performance, these lenders prefer to look forwards rather than backwards, which means that finance can be obtained for businesses with:

County court judgements
Mortgage arrears
No accounts
Poor credit rating
Historically loss making

The benefits of a non status property development finance are:

No need for audited accounts, simply declare your own income
Borrowing can be for any purpose
Simple application form
No business plans or projections required
No interviews or visits from bank managers
Up to 85% loan to value available (100% with additional security)

Acceptable Security:

Almost all commercial property is acceptable, this includes:

Pubs and restaurants
Farms
Factories and Semi Commercial
Offices
Investment properties
Retail premises
Hotels, guest houses, B&B’s
Takeaways and cafes
Holiday lets

Service levels:

For most applications presented by Sterling Capital Reserve, you can obtain:

A decision in principle within 2 hours
Quick turnaround of all proposals
Same day solicitor instruction
Accelerated completion by using in-house solicitors

Rates:

Non status commercial property development finance are available for:

advances up to £2 million
interest rates vary between 2.5% and 5.5% over base
early settlement penalties range from 6% (of outstanding loan) in year 1 to 1% in years 6 onwards

Enquire Online

Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Property Development Finance Deal.