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Purchase business premises leasehold ahead of auction!

Purchase business premises leasehold ahead of auction!

Paul and Emma Venters had been successfully running their sandwich business, Freshcut, from leasehold premises for 4 years when they found that their landlord was selling the freehold at auction on the 14th October. They wanted to make a bid ahead of the auction and on the 5th October instructed ASC Hertfordshire to arrange a mortgage offer before the auction. The valuation was instructed that same day, lenders were identified and the offer was issued on the 13th October, our clients formally offered for the property and had their offer accepted.

They accepted the mortgage offer on 15th October and decided to use the lender's solicitor to act for both parties to speed completion.

The lender's solicitor, very experienced in commercial conveyancing, found problems with the Title, and resolved these to protect our clients.

As a consequence, the mortgage offer was re-issued on 22nd November and our clients finally completed their purchase on 9th December 2010.

Paul and Emma are pictured here with Simon Mullens of ASC Hertfordshire.

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Why ASC?

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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