Fancy a 1% discount on your business loan?
Fancy a 1% discount?
Are you aware that we can get a 1% discount on commercial borrowing?
I am currently arranging commercial mortgages at 2.55% and, if you prefer, I can take over the entire process if you are too busy to deal with it.
There is no catch as this discount comes from a government backed loan guarantee scheme aimed at certain sectors such as manufacturing, exports, educational and many more. High street and specialist lenders are participating and the 1% rate discount is available on term loans from £25,001 and can be applied for up to 5 years for eligible businesses.
Please give me a call to see if your client qualifies – 01902 275397, Ext 2064
We are just completing a business expansion loan of £350,000 to purchase larger premises with more capacity which has qualified for a 1% rate discount for 5 years. This is a win/win situation as the lender has agreed to increase the loan amount from the original requested amount of £300,000 up to £350,000 on the strength of the increased serviceability created by the reduced loan payments! This has allowed the client to invest in the business further making their business even stronger.
It is not an everyday enquiry but if you have a commercial enquiry cross your desk, the client may qualify and will certainly thank you if they do benefit from the award!
I hope you find this useful – let me know if I can help.
01902 585052
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk