Enhanced Wealth Limited

Whole of market mortgage brokers

CALL US 0800 316 5756

Mortgage Specialists - Residential ~ Holiday Let ~ Buy to let ~ Commercial

Straight talking mortgage advice

  • Mortgages
    • Buy to let mortgages
      • Buy to Let Refurbishment
      • Expat buy to let mortgages
      • Limited Company Buy to Let Mortgages
      • Buy to let remortgage Case Study
      • Buy to let FAQ
    • Holiday let mortgages
    • Let to buy
      • Let to Buy Mortgages Q & A
    • House purchase
    • Remortgages
    • Poor Credit
      • Poor Credit Q&A
      • Fresh Start Q&A Articles
    • Company Directors
    • Offset Mortgages
    • First time buyer mortgages
    • Second Charge Mortgages
    • Mortgage calculator
    • Mortgage basics
      • Jargon buster
      • Choose your mortgage
      • Fixed rate mortgages
      • Capped rate mortgages
      • Discount mortgages
      • Remortgaging
      • Base rate tracker
      • Cashback mortgages
      • 100% mortgages
      • Buy to let mortgages
    • What we do
    • Mortgage enquiry form
  • Commercial finance
    • Development finance
    • Remortgage to Develop a Derelict Property
    • Commercial Investment mortgages
    • Owner occupier finance
    • Bridging finance
      • Bridging Finance FAQ
    • Auction buying guide
    • Case studies
    • Enquiry form
  • Insurance
    • About income protection
    • About mortgage insurance
    • About loan insurance
    • Life cover
    • Pet insurance
    • Property insurance
  • Other services
    • Wills
  • About us
    • Client testimonials
  • Contact us
    • Directions
    • Terms
    • Privacy
  • Buy to let mortgages
  • Holiday let mortgages
  • Development finance
  • LIfe cover
You are here: Home / Commercial / What Does A UK Commercial Mortgage Broker Do?

What Does A UK Commercial Mortgage Broker Do?

Published: April 15, 2008

Nowadays it really makes much more sense to look for your commercial mortgage by finding a commercial mortgage broker. However, if you have been used to going to your bank for your finance requirements, you may be uncertain as to how a UK commercial mortgage broker operates.

So when you visit a UK commercial mortgage broker, what can you expect?

1. First of all, the broker will take the time to talk through with you exactly what your financial needs are. If you are new to this sort of thing, you may well not be clear exactly what it is you are looking for. That’s not a problem as the broker will analyse your situation and clarify what is the best way forward. The broker will work out a plan with you which will best fit your business requirements.
2. When the UK commercial mortgage broker has worked out what you need, he/she will search the market to find lenders offering packages that will suit your requirements. If you have chosen a “whole of market” broker, he/she will have access to a very wide range of lenders, including specialist lenders for various specific sectors of the commercial mortgage market. The broker can do this very quickly by inputting your details into a special computer program so that the right lenders will be identified.
3. When you have found a list of suitable lenders, the broker will explain your options to you and advise you on how to select the best package. Don’t forget the choice is yours, but the broker is there to advise you and help you weigh up the pros and cons of the different packages. If you have credit problems, the UK commercial mortgage broker will identify which lenders are most likely to accept you. This helps to avoid the problems caused by repeated rejections.
4. If you do choose a package, and decide that you want to go ahead (there will be no pressure or obligation), the broker then helps you through the application process. This includes making sure you have the form filled in correctly and and that the questions are answered in a way that is most likely to bring a positive response. The broker will also double-check that all necessary documentation is in place before the application is submitted.
5. Remember that the broker doesn’t get paid until the process is complete. Therefore you can be sure that the broker will stay with you and deal with any hiccups that might arise, right through to the completion of the deal.

Don’t forget that the service of the UK commercial mortgage broker is personal. The broker is in business specifically for this purpose – to bring you together with the right lender for your business. What’s more, you are likely to need the services of a commercial mortgage broker again in the future, as your business expands. So the broker will want to do everything possible to make sure you come back!

Please note that the FSA do not regulate commercial loans or commercial mortgages

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Email

Related

Filed Under: Commercial Tagged With: commercial mortgage broker

Do you have the correct let property insurance?

If you are a landlord with either a buy to let property or a holiday let business you need to have the right insurance cover in place.

Our UK based insurance partners can offer advice on the best property insurance for your situation. Cover is available for overseas and UK based properties.

Please click here for more information.

Recent Posts

  • Ten Tips to Improve your Credit Score
  • I was repossessed 4 years ago can I get a mortgage?
  • How do we find a mortgage with bad credit?
  • Do all lenders carry out a credit check?
  • Offset mortgage advantages

Featured Article

Cheaper with a second charge mortgage

March 8, 2016 By admin

Last week we received a telephone call from a long standing customer. 9 years earlier John had sought our advice to purchase a new home and we had organised a great lifetime tracker mortgage which in the current period of low interest rates had performed well for him; very well. He said that the product that […]

No babble, or waffle, just straight talking advice

We will always give you an honest assessment of your mortgage options with all of the costs involved. If you decide to go ahead we will also help with all of the paperwork.

QUICK LINKS

  • Home
  • Independent mortgage advice
  • Buy to let mortgages
  • Holiday let mortgages
  • Commercial finance
  • Life cover

Our advice

No babble, or waffle, just straight talking advice

We will give you an honest opinion of what is possible, in your individual case, which may sometimes involve doing absolutely nothing at all.

Straight talking mortgage advice

Recent Posts

  • Ten Tips to Improve your Credit Score
  • I was repossessed 4 years ago can I get a mortgage?
  • How do we find a mortgage with bad credit?
  • Do all lenders carry out a credit check?
  • Offset mortgage advantages

Contact Us

Please contact us to discuss your mortgage and finance needs.

T 0800 316 5756 or 020 8301 7930
F 020 3137 5060
E info@enhancedwealth.co.uk

  • Email
  • Facebook
  • Twitter

Copyright Enhanced Wealth Limited | All rights reserved | 140 Long Lane Bexleyheath Kent DA7 5AH | Authorised and regulated by the Financial Conduct Authority | Site Terms


Registered in England & Wales No: 04125057 THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Typically, we will charge £350 to a maximum of £495 in certain situations for arranging your mortgage and we will be paid commission from the lender, please ask for full details. We are entered on the FCA Register No 207532 at www.fca.org.uk/register/. The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers in the UK. The Financial Conduct Authority does not regulate will writing, finance, commercial mortgages and some aspects of buy-to-let mortgages.

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.