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| Credit Crunch Bank Reviews |
| One unfortunate consequence of the credit crunch is the new style “Bank Reviews” that business customers are starting to experience from a number of banks. |
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| Take Advantage Of Interest Rate Cuts |
| With the Bank of England cutting rates to levels not seen before it is tempting to sit still and enjoy low payments in this difficult marketplace. |
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| Hotel and Guesthouse Finance |
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Hotel and guesthouse finance will help you get the required finance and arrange a business mortgage for your hotel or guest house. Such mortgages assist in purchasing, remortgaging and raising capital.
You can look forward to the following benefits by opting for this type of mortgage:
- Avail guesthouse mortgage loan size of £250 000 to £50 million.
- Avail hotel finance loan to value - Up to 75% or 100% with additional security.
- Get a loan term up to 30 years.
- Interest - Only up to 3 years.
Besides this, there are other benefits that you can enjoy:
- You can save thousands in repayments
- Get free quotes within 2 working hours
- No obligations
- No credit checks at this stage
- Take 2 minutes to complete our form
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Hotel financing can help you purchase or refinance a hotel or motel. There are various types of hotel financing options available for your businesses that you can make use. Getting the required finance for hotel and guesthouse business is not that difficult anymore! Every hotel financing is different and hence calls upon for different kind of finance.
The advice and commercial finance solutions provided by Business and Investment Finance is completely independent . The business is not tied to any major high street lending institution and is able to provide unbiased advice on the existing facilities for a business or a new offer of finance for the purchase of a new business or refinance of an existing businesses facilities.
Many high street banks are taking the opportunity of the credit crunch to revisit existing businesses and their loan facilities under the guise of a “Bank Review”. The outcome of these “reviews” is normally increased interest rates ( often large increases), new renewal fees, reduction of facility, request for additional security and a request to re-bank their facilities normally with a three month timescale.
The partners of Business and Investment Finance each have in excess of twenty years commercial finance experience including the property recession in the late 80’s/ early 90’s. They understand what the market rates are for different businesses and they can identify when an existing bank is switching a customer to an expensive facility because they can, not because they need to.
Normally it is in the businesses best interest to investigate other options with other lenders to reduce costs and set up more flexible facilities better suited to the need of the business not to suit the bank.
The BIF Partners have up to date market knowledge of the type of business or property deal that each lender wants and who is prepared to offer the most competitive terms. |
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