Business Loan Now - 0845 862 0524

Apply for a Business Loan online with Business Loan Now

Have you been refused a commercial mortgage or remortgage with your high street bank?

If so we can help!

Here at Business Loan Now, we have experienced and dedicated staff who are able to process your commercial loan application with efficiency and confidentiality assured.

Business Loan Now specialise in TRUE SELF CERT COMMERCIAL MORTGAGES.

• No lengthy interviews or bank visits required
• Self certification of income available
• No accounts or business plans required
• CCJ's and defaults? All circumstances are considered
• We offer market leading rates up to 85% LTV
• 100% LTV available (with additional security)
• Advances from £26k to £2m
• Affordable payment options
• 10 - 30 year terms and 3 year interest only available
• Many property types considered
• Fast decisions
• Prime and sub prime products available

Clients Best Suited

• Limited companies, developers, property companies, small businesses, sole traders and new business start-ups
• Clients with no accounts or business plan
• Clients requiring funds fast
• Clients with adverse credit - we have products to suit all circumstances

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Latest News

Latest News from Business Loan Now - UK economy to recover from 2010

The UK’s leading business group expects modest growth to resume during the first three months of 2010, with the pace of growth gradually picking up during next year.

The CBI predicts that UK GDP, supported by low interest rates and quantitative easing, should flatten out during the second half of 2009, with quarter-on-quarter figures of -0.1% and 0% in Q3 and Q4, and modest quarter-on-quarter growth of 0.1% and 0.3% in Q1 and Q2 of 2010

Richard Lambert, CBI Director-General said:

"The world recession has deepened, so it is not surprising that the UK economy has continued to suffer. However, the harshest period of the recession looks to be behind us, the economy is stabilising and this should continue during the second half of this year.

"The return to growth is likely to be a slow and gradual one; difficult credit conditions are still affecting business behaviour. For positive growth to return, lenders need to feel more confident so that credit can start flowing again.

"Some commentators have been carried away by recent tentative indicators as evidence of ‘green shoots’. It will take some time before we can be sure these shoots have roots we can depend on for sustainable growth and, in the meantime, the government must do everything it can to help firms get access to credit."

The CBI expects that, by the end of the recession, the economy will have shrunk by a cumulative 4.8% - not as severe as the 5.9% seen in the early 1980s - after five consecutive quarters of falling GDP.

The CBI expects there to be very slight growth from the start of 2010, with the pace picking up slowly, such that trend growth rates are restored only by the end of the year. For 2010 as a whole, this profile yields an average annual GDP growth of a modest 0.7%. This follows a fall this year in GDP of 3.9%.

CPI inflation is expected to fall below the Bank of England’s target of 2% in 2009 Q3 and remain there throughout the forecast period to the end of 2010. Quantitative easing is expected to continue for some months yet, but by the spring of next year, the Bank is expected to wish to return monetary policy gradually towards a more normal footing, with very modest increases in the official rate of interest from its current 0.5%.

Significantly, the labour market is proving to be even more flexible than hoped, with many more private sector employees accepting wage freezes and short-time working than in previous downturns. This should help limit the pace of job losses through 2009, and the CBI now expects unemployment to peak at a slightly lower level than previously thought. Unemployment is still expected to continue to rise until Q2 2010, to a peak of 3.03 million (9.6%), before edging lower during the remainder of 2010.

Consumer spending will be constrained not only by the rise in unemployment, but also a more elevated savings ratio and only modest increases in incomes. Through 2009 and 2010, the savings ratio is forecast to remain at a similar level to the two-year high of Q4 2008. Meanwhile, average earnings (including bonuses) should continue to fall on a year ago during Q2 and Q3 2009, followed by weak growth from Q4 and into 2010.

As a result, the CBI’s figures show household consumption shrinking by 2.9% in 2009, and growing only modestly in 2010 (0.5%). The weakness of construction investment over the early part of 2009 has led to a modest revision in the outlook for business investment. Business investment is expected to shrink by 12.4% this year, from the -9.3% expected in April, and by a further 1.4% in 2010.

Whereas firms have reduced their stock at a rapid pace at the start of this year, this should now begin to ease and firms should start re-building their stocks next year. The public finances are expected to be under growing pressure from the recession and net borrowing is expected to reach £172.3 billion in 2009/10 and £182.2 billion in 2010/11, representing 12.2% and 12.6% of GDP respectively.

Ian McCafferty, CBI Chief Economic Adviser, said:

"We still have some way to go before the UK economy is truly out of the woods and we see sustainable growth. For consumers, some of the worst fears of earlier in the year may now not be realised, but they will still face tough times as higher saving and lower income eat in to their ability to spend.

"However, the restraint shown by businesses and their staff in setting pay awards and accepting short-time working should help to curb the pace of job losses, lessening the pain for some, and shows the real strength of Britain's flexible labour market."

If you are struggling to raise the necessary finance required to expand your business or even just to sustain it and keep your head above water, why not give us a call at Choose Loans on 0845 862 0524.

Choose Loans trading as Business Loan Now specialise in arranging business loans in the form of commercial mortgages and commercial remortgages.

Latest News from Business Loan Now - TMW launches one year Buy to Let Mortgage Product Range

The Mortgage Works is adding to its buy to let mortgage range with the launch of one-year fixed and tracker rate products.

The deals, available from today, include a one-year fixed rate buy to let mortgage product at 4.25% up to 70% LTV with a 2.5% arrangement fee and a one-year tracker buy to let mortgage product with an initial rate of 2.99%, available to 60% LTV with no early repayment charge and a 3.5% fee.

A tracker product for buy to let remortgage business has also been launched, with an initial rate of 3.99% up to 70% LTV and a 3.25% fee.

A spokeswoman says: "The new one-year buy to let mortgage products will provide options for brokers whose clients want to be able to review their buy to let borrowing in a year's time, offering flexibility that is particularly important in the current market."

TMW has also added to its two-year fixed-rate buy to let mortgage range with a product fixed at 4.99% to 60% LTV with a 3% fee.

For more information on all our Buy to Let mortgages and Buy to Let remortgages please give us a call at Choose Loans on 0845 862 0524 or complete our simple 30 second online enquiry form.

Alternatively click and complete the Call Back request form and an adviser will contact you at your convenience.

Choose Loans specialise in arranging true self cert Buy to Let investment mortgages and remortgages for both residential and commercial landlords.

We have access to all the main lending institutions including high street banks, building societies and also specialist sub prime lenders.

Latest News from Business Loan Now - Commercial property investors boosted by tax rule change

The commercial property sector could be given a much-needed boost with the relaxation of tax rules regarding Self-Invested Pension Plans (Sipps).

An update from HM Revenue & Customs (HMRC) will allow investors who hold commercial property within their portfolios to more easily transfer their Sipps from provider to provider.

Under the new regime, people who make the transfers will not be subject to the A-Day pension rules introduced in 2006 - which carries extra charges attached to the rules.

A real estate investment trust (Reit) specialist has welcomed the change.

Philip Fry at commercial property specialists Reita said: "Given the recent budget changes to pension taxation for higher earners, such as the reduction of higher rate tax relief, there should already be increased incentive for investors to consider placing commercial property in their Sipps, with the potential benefit of tax free growth and the added flexibility Sipps can provide.

"The ability to invest in unquoted shares and intangible assets is very attractive to Sipp investors and, following this recent confirmation from HMRC, we are delighted that more opportunity now exists for further commercial property investment as a result of the rules relaxation."

News Archive