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Business, Finance, Loans, Property

ASC saves the day – Interest-only finance for new business premises in Southampton

Our client Glenn was referred to Dan Gateshill from ASC Finance for Business’ Hampshire, Dorset & Isle of Wight office by his accountant, to fund the purchase of a new premises for his business. Glenn needed a commercial mortgage of £182,000 to purchase the new commercial premises in Southampton and Dan and his team got to work straight away, saving our client valuable time for his growing business.

After approaching multiple lenders on our panel, Glenn decided on the terms received that were the right fit for his business. For Glenn in particular, having little time to spend on the whole process was the most important benefit he was looking for from a commercial broker. In this case, because ASC has such strong relationships with lenders, Dan and his team were able to do the vast majority of the leg work for Glenn, so he didn’t need to spend time he didn’t have on sorting the finance.

Following the valuation of the property, the bank offered a loan of £182,000 interest only over 10 years with an interest rate of 4.2% over base rate – interest-only loans are not too common – yet another great example of the value ASC can add.

Find your local regional ASC Director to support your projects; we know how to make it happen for you.

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