Category: Advice & Articles

Managing your business loan repayments

Posted on by Stewart Hindley

How can you manage your business loan repayments?

In these uncertain economic times and compounded by the increase of Bank of England base rates, which have resulted in an increase of the  cost of borrowing and loan repayments, there is a unprecedented pressure on all businesses to make ends meet, especially when it comes to managing their loan repayments.

The question is, how can I manage my businesses loan repayments when there isn’t any spare capacity in my cash flow?

Many business owners have experienced sleepless nights worrying about repaying their loan, which if not managed, can result in business failure.  So how can you avoid this potentially disastrous situation? Surprisingly, the solution is relatively straight forward. There are a number of options available to business owners like you.

Early communication is key

The first and most important thing is to communicate with your lender. Advise them as soon as possible that you have a problem, ideally well before the debt debit for your loan is returned as unpaid as this is often followed by a call from your lender, which puts you on the back foot as it indicates that you may not be in control of your business finances. This could lead to the transfer of your loan account to your lender’s business support team. This isn’t a place where you need to be and this transfer can in the worst case lead to recoveries action.

When speaking with your lender how you do maintain their confidence in you and your business?

It is important to understand that the lender is there to help you wherever possible, they have a mandate under their terms of business to do so. Explain succinctly how the problem has arisen, which could be the after effects of the pandemic or some equally significant situation such as an unexpected loss of revenue, or perhaps a personal family matter.  The lender will want to understand how long the problem is likely to last for and what you are going to do about it, all of which can represent challenges for you and the lender.

Flexibility on a business loan repayment

One instance may be a short-term cash flow situation which can be resolved by micro managing your cash flow to meet loan repayments. If there isn’t the scope within your business to do so, then there are various other ways that can improve the situation. For example you could request a loan repayment holiday for 3 months to provide you with some breathing space to remedy matters, alternately, request that for a period of time, say 12 months, that your loan reverts to interest only payments or just capital repayments and finally ask for an extension of the loan term to make your loan repayments more affordable and in line with your businesses cash flow.

These steps will help your business survive but will also improve your relationship with your lender as they always appreciate transparency.

Commercial and hospitality loan specialists

If you feel somewhat daunted and possibly embarrassed dealing with your lender, a specialist finance intermediary, such as Stewart Hindley & Partners can act for you to secure the best possible outcome. Get in touch with our loan specialists today.

Refinancing a Commercial Loan

Posted on by Stewart Hindley

Increase in loan repayments

We’ve all seen the doom and gloom in the print and digital media around the cost of borrowing and have probably experienced an increase in our monthly commercial loan repayments, unless on a fixed rate loan, which despite the initial higher cost of borrowing is now paying dividends.

As we know, the increase in the current cost of borrowing is in theory to curb inflation.  Whilst this is a laudable aim, it doesn’t take away from the fact that in the medium term, you’ll be paying approx. 20% more each month, over a typical 20-year loan.

When will the Bank of England reduce the base rate?

The $64,000 question is ‘when will the Bank of England Base Rate reduce?’ The answer is probably when inflation returns to the Bank’s target of 2%. This could be some time, with analysts predicting at least 3 to 5 years before the inflationary supply side chain returns to normal, as too many people are chasing too few goods with energy, petrol, diesel and food stuffs all being key drivers to supply chain inflationary pressures.

This begs the question…

What can I do about my commercial loan repayments in the short to medium term?

What can you do in the short to medium term to counter these pressures that directly impact on your ability to service your loan repayments?

The old saying “cash is king” has never been more apt.  Having liquid funds available are essential, as they provide flexibility during an inflationary period or crisis and many lenders look to your businesses’ cash flow for loan servicing. In banking terms this is known as CFADS (Cash Flow Available for Debt Servicing).

Generally, it is not declining profitability that drives a business into duress or insolvency, but the ability to service its creditors, principally bank loans and VAT liabilities, which result in cash flow duress.

As Basil Fawlty once said “I may be stating the bleedin’ obvious”, but it is generally recognised that many operators focus to much time and attention on revenue, rather than cash flow which in many ways can be seen as counterintuitive, as a top-down strategy is broadly accepted by business pundits, but there is a strong case for a bottom-up strategy, cash flow being the case in point, to avoid duress and an insolvent situation which all lenders test for.

Improve your businesses cash flow by extending the term of your existing loan.

If your existing lender isn’t sympathetic to rescheduling or extending your loan, then there are a number or lenders in the market who’ll consider the case for refinancing.

This could be on an interest only, or part interest basis over an extended period and lenders often offer a 12-month capital repayment holiday, to take you over the initial cost of the refinancing.

Refinancing your loan may help your business remain secure

Refinancing should be seen in the context of putting your business on a secure basis, as retrospective comparisons on interest rate and the cost of borrowing pail into insignificance, when your business is under threat from your creditors or indeed your own lender.

 

To find out more how Stewart Hindley & Partners can assist you with your commercial loan or hotel loan refinancing and cash flow, get in touch on 01488 684834 or email info@stewarthindley.co.uk

 

When is a Property Considered Commercial?

Posted on by Stewart Hindley

Residential properties are occupied by tenants who pay a fixed rate to live at your property. Whereas commercial properties are usually inhabited by businesses or companies to generate income.

A property is considered commercial when it is used for business or profitable activities. Examples of commercial properties include offices, shops, restaurants and leisure centres.

What is commercial property?

Commercial property is any property, building or premises that accommodates or provides commercial services for profit.

By law, commercial property is defined as any property that is not used for domestic purposes and is the ‘dealing with business properties or land that generates profit for the owner’.

What is commercial finance?

Commercial finance allows you to fund your essential business needs from property investment to hiring new staff.

This finance ensures businesses of all sizes and statuses can access the facilities to hit targets and generate cash flow.

Any business owner can apply for commercial finance and there are many types of commercial finance to consider. Usually, business owners choose between full commercial or semi-commercial finance.

Who can benefit from commercial finance?

Commercial finance services are available for a range of different industries, businesses and companies.

Dental Surgery Financing

A service that is always in demand, dental surgery involves expensive high-tech equipment and a demand for the latest treatments.

If you are looking to set up a dental surgery, expand a current dentist practice, move to larger premises or provide cutting-edge technology for your consultants in dentistry, dental surgery finance can provide flexible business funding solutions.

Equestrian Financing

You may be looking for commercial finance for your equestrian business to fund commercial mortgages for stables, yards or outbuildings.

Commercial finance will allow you to secure the financial funding to bring your plans to action. No matter your budget or business plan, your equestrian business can access bespoke loans through equestrian commercial finance.

Vet Practice Financing

Pets are an important part of any family so vet practices must ensure they keep up with and can offer the latest advancements in animal medicine.

Up-to-date technology is a great financial investment for vet practices so we understand finding a reliable lender who understands your profession is imperative.

Vet practice financing can support your business by funding specialist equipment, refurbishments and upgrades, partner buy-ins and computer software.

What is a commercial property mortgage?

Commercial mortgages are loans used to complete the purchases of commercial property premises or to buy an existing business.

This mortgage would be used to secure a commercial property such as an office building or shopping centre, whereas residential mortgages are used to fund the purchase of a home.

How to promote a commercial property

You can promote your commercial property in various ways from handing out flyers to creating your own website. Here are three ways to advertise your commercial property:

Property listing pages

One of the best ways to advertise your commercial property is through property listing sites. Websites such as Rightmove, as well as your local estate agents, will list available commercial properties for sale, lease or auction.

A virtual tour

Creating a virtual tour allows business owners to discover the space via a computer or mobile.

This is a quick and effective way to view commercial space and promote your commercial property to potential inhabitants.

Marketing flyers

This flyer should include all aspects of information about your property from high-resolution images and the on-map location to contact information and rental rates.

It is also a good place to mention surrounding amenities, parking information and floor plans so the business owner can access all information in one place.

How we can help

At Stewart Hindley, we are proven financial brokers that are proud of what we do. For more information about commercial properties, please get in touch and find out how we can help you.

Bed and Breakfast Finance: Podcast

Posted on by Stewart Hindley

Bed and Breakfast Finance: Podcast

Our Head of Partnership Chris McDonagh recently did a Q&A Podcast with Yvonne Halling, who  is the founder of Bed and Breakfast Coach.com and the creator of B&B Money Maker  Business Transformation Program where clients typically increase their business by at least 25% in one season, while working less, paying less commissions and having more fun.

Yvonne ran her B&B in the Champagne region of France for 17 years, first as a hobby making less than €10k per year, before transforming it into a thriving and profitable business, making over €100k a year with just 4 rooms without any listings with online travel agents.

She won several hospitality and marketing awards and is now an award-winning consultant, coach and mentor for independent owners worldwide.

Along with her team, she helps clients to implement key business principles that are very much missing from the small hospitality landscape, which is why online travel agents such as booking dot com and Airbnb have pretty much taken over.

Yvonne believes that hospitality businesses are the hub of local communities, attracting new money by way of guests, and which couldn’t have come by any other means.

Returning the power to the owners, encouraging direct bookings via their websites, not third parties and restoring owners to their rightful place at the heart of their communities, along with educating and inspiring them on how to run their businesses on their terms in the 21st century using the internet, is Yvonne’s mission.

The Podcast covers many of the common questions we get asked around “How to Finance a Bed & Breakfast”.

If you need help acquiring funding or refinancing your b&b mortgage, please get in touch.

5 Tips for Hotel Advertising

Posted on by Stewart Hindley

The hospitality sector is booming again, with more people than ever before booking holidays to escape the hustle and bustle of everyday life.

With this in mind, hotel owners need to recognise the importance of hotel advertising, if they want to increase their bookings, raise awareness, and manage their reputation.

Here are our top 5 tips for effective hotel advertising.

1. Take advantage of social media

Social media is now one of the most powerful communication tools for engaging with your target market, from all corners of the world.

Giving you the tools you need to connect and engage with potential guests, 24 hours a day, 7 days a week, social media platforms such as Facebook, Instagram and Twitter provide the perfect opportunity to market your hotel.

You should create a strategic content calendar that focuses on driving traffic to your website, boosting bookings and raising awareness of your hotel. There are plenty of fantastic content ideas out there, including deals and promotions, behind-the-scenes insights into your hotel and its facilities, and interesting information about where your hotel is based. Remember to mix up the content to ensure it stays engaging and really showcases your hotel and the local area.

2. Reward direct bookings

Direct bookings mean you won’t have to worry about sharing any profits with third parties.

With this in mind, you should focus on encouraging your guests to book directly and reward direct bookings with lower prices, upgrades, discounts, or even a welcome gift in their room. You could also consider running a loyalty scheme for regular direct bookers.

3. Recognise the power of data

When it comes to optimising your hotel advertising strategy, you should always utilise the power of data. For example, tools such as Google Analytics will help you understand how your website and social media channels are performing and will allow you to gain a better insight into the behaviours of your target market.

4. Invest more money during peak booking season

Summer and Christmas tend to be peak booking seasons and, as you will be up against lots of competition during these periods, it’s important to focus on optimising your marketing efforts and adjust your ad budget accordingly. Remember, there may also be popular events in your local area which will also drive seasonal traffic such as festivals or Christmas markets so look into past bookings to see if there is a trend you can adjust your spending to.

5. Invest in SEO for your website

There’s absolutely no point in having an all-singing, all-dancing website that looks great but doesn’t convert website traffic into bookings.

This is why it’s so important to invest in Search Engine Optimisation (SEO) in order to give your hotel the best chance of being seen on search engines such as Google. You should start by carrying out keyword research in order to understand what your target audience is searching for, followed by link building. Many companies offer SEO services that will help you to achieve your advertising goals.

Remember, your hotel marketing strategy is likely to change depending on the season and market trends.

If you’re considering buying your own hotel, get in touch with a member of our skilled and experienced team who is on hand to help you discover your dream B&B property.

Hotel refurbishment loans- what are my options?

Posted on by Stewart Hindley

Before you apply for a hotel refurbishment loan, it’s important that you understand what your options are.

Many hotel owners, property developers and landlords apply for what is known as property refurbishment finance, for a range of different renovation projects. Whether you’re looking to enhance your property offering, refurbish your hotel before renting or selling it, or simply update the interiors, hotel refurbishment can help attract new guests and help you grow your business.

Looking for a hotel refurbishment loan and wondering what your options are? We’ve created a helpful guide outlining everything that you need to know.

What are the loan options for hotel refurbishment?

There are a number of different hotel refurbishment loans that you should be aware of when looking for finance. The main loan options for hotel refurbishment are:

Bridging loan

You can use a bridging loan to access the finance you need whilst your re-mortgage application process is being completed. Known as a short-term loan that is quick and flexible, a bridging loan can be used for projects such as bathroom and kitchen replacements, redecoration, rewiring and electrical work, or plumbing and drainage work.

A bridging loan is one of the most popular types of property development finance and is widely used for ground-up or light refurbishments.

Refurbishment loan

Refurbishment finance, also known as a refurbishment mortgage, is a loan that is used for the sole purpose of renovating a property. This is a great option if you’re looking to upgrade your hotel quickly and easily.

This type of finance is suitable for both light refurbishment and heavy refurbishment projects. The funds are released in two different stages – the first payment is based on a percentage of the property price and the second is released once the refurbishment has been completed.

Keep in mind that the amount you can borrow is based on the projected value of the property once the renovations have been carried out.

What is a light refurbishment loan?

Light refurbishments usually refer to projects that total less than 15% of the total value of the property and include aesthetic refurbishments, such as:

  • Painting
  • Fitting a new kitchen
  • Fitting a new bathroom
  • Changing fixtures and fittings
  • Changing interiors
  • Replacing flooring

What is a heavy refurbishment loan?

Heavy refurbishments tend to cost more than 15% of the property’s value and involve a lot more work than light refurbishments. Many heavy refurbishment projects also require structural and require planning permission.

Examples of heavy refurbishment include:

  • Major structural work
  • Internal restructure
  • Multiple unit refurbishments
  • Exterior refurbishments

What are the refurbishment finance lending criteria?

Before applying for refurbishment finance, you should familiarise yourself with the relevant lending criteria, this typically includes the following:

  • You must have equity in the property
  • Mortgage repayments must be up-to-date
  • The property cannot be the borrower’s primary residence
  • A valuation must be completed before the application
  • Costings, pricing and an exit strategy must be provided

If you’re considering buying a commercial property, it’s important to speak to someone experienced in the sector to ensure that you are aware of all the funding options available. Get in touch to speak to one of our skilled and experienced team. We are always on hand to answer any of your queries regarding commercial mortgages.

Spring Clean Your Bed and Breakfast

Posted on by Stewart Hindley

With spring just around the corner, many of us are already looking forward to longer, brighter days.

And the arrival of the longer days and warmer weather provides the perfect opportunity to give your B&B a deep spring clean before the busy summer season arrives. So, crank up the radio, open the windows, and give your bed and breakfast the TLC it deserves.

Here are our top tips for giving your bed and breakfast the ultimate spring clean.

Clean your carpets

During the winter months, your carpets can become incredibly dirty, especially on wet and muddy days. The good news is, there are lots of ways to breathe new life into your worn and dirty carpets, so you won’t have to worry about replacing them.

Whether you use a carpet cleaning solution you find in the supermarket or hire a professional cleaning company, you will be amazed at how much of a difference a clean carpet can make to the look and feel of a room.

Give your guest rooms a thorough clean and check

Spring is the perfect time to give your guest rooms a thorough check and clean so that they are pristine and ready to go for the busy summer season.

From vacuuming the curtains and windows, dusting ceilings and light fixtures, through to disinfecting all furniture and cleaning the window sills, it’s important that you clean your guest rooms from top to bottom. Oh, and don’t forget to check and change batteries in smoke alarms and remote controls too.

Correct any damage

With so many guests coming and going from your bed and breakfast, it’s inevitable that it will eventually succumb to wear and tear.

So, as part of your spring clean, you should inspect all furniture and interiors, and fix any damage.

Mattress cleaning

Just like your carpets, it’s important to give your mattresses and other upholstery a deep clean from time to time. Skin cells and dust can quickly accumulate in your mattress over time, which you certainly don’t want your guests noticing!

Professional cleaning companies offer mattress cleaning services, which are good for an annual deep clean. You can then keep your mattresses clean by vacuuming them after each guest has stayed.

Clean the kitchen and bathrooms

Now it’s time to tackle the kitchen and bathrooms.

We’ve created a handy checklist you can refer to ensure that all bases are covered:

  • Clean all appliances, especially your oven
  • Wipe down all cupboards and surfaces
  • Empty the refrigerator and defrost the freezer
  • Clean your refrigerator and freezer
  • Empty the crumb tray in your toaster and toaster oven
  • Sort your cupboards and drawers
  • Clear out cabinets and wash the shelves
  • Sanitise the sink

Bathroom spring cleaning checklist

When tackling your bathroom, you should also make sure you complete the following tasks:

  • Organise cabinets and drawers
  • Dispose of old medicine
  • Wash the shower
  • Scrub the toilet
  • Dispose of old toiletries
  • Scrub the bathtub

Finally, don’t forget to give the outside of your B&B some TLC too! Curb appeal has a huge impact on your guest’s first impression of your B&B. From tackling overgrown hedges and cleaning up leaves and other garden debris, you will have your BnB looking tip-top in no time at all.

Find out more about Stewart Hindley

If you’re thinking of starting a bed and breakfast, get in touch today to find out how we can help with your mortgage for a bed and breakfast business.

Hospitality industry: post-pandemic challenges

Posted on by Stewart Hindley

There’s no denying that COVID-19 has had a significant impact on all aspects of our lives. The majority of us have had to adapt to a new way of working, socialising, and travelling.

However, as the world starts to return to normal and restrictions are being lifted, all eyes are focused on the economy’s recovery, especially the hospitality sector which was hit the hardest.

Bars, restaurants, clubs, hotels, pubs, and other leisure facilities were all forced to close their doors, and unfortunately, many have not reopened them again despite the lifting of lockdown restrictions.

But what is the situation now and what challenges does the hospitality sector face post pandemic?

At the moment, data is indicating that consumer spending within hospitality sector started to increase from May 2021. However, this still remains at less than 70% of pre-pandemic spending levels. It’s clear there are still many challenges for the sector to overcome.

 

Difficulty finding hospitality industry staff

The double blow of Brexit and COVID-19 has had a devastating effect on all aspects of the hospitality sector, with many workers leaving the industry.

Pay, job security and job longevity have all played a role in causing many workers find work elsewhere, especially people that have had to re-evaluate their priorities. And so, despite warnings about a future recession with thousands of workers potentially set to lose their jobs, the hospitality sector has found it increasingly difficult to recruit.

This has forced the industry to re-evaluate its working conditions, incentivise job roles, optimise personal development and change the way the industry is viewed in order to attract new employees.

 

Retaining your existing workforce

Although attracting new employees is one of the biggest challenges the hospitality sector is facing at the moment, they are equally tasked with trying to retain their existing workforce.

After all, in the current climate, if you have a solid and hardworking workforce, you should do everything in your power to retain them. With this in mind, check in with your employees to make sure they feel happy, valued, and empowered at work. Listen to their concerns and address them where you can, especially as benefits and initiatives on wellbeing and mental health are incredibly important.

 

Increased business expenses

Higher fixed and variable expenses also continue to be a concern for the sector. In addition to this, increased hygiene costs and mandated restrictions are continuing to cost businesses both time and money.

As prices rise, businesses must increase their own costs in order to protect their profit margins.

 

Supply chain issues

Many products are in short supply, putting pressure on the supply chain and making it difficult for businesses to get hold of the stock and supplies they need to deliver their service.

 

Low occupancy, less travel

Although restrictions have been lifted, many people are still incredibly apprehensive about eating out and travelling, meaning many hospitality businesses are still experiencing extremely low occupancy levels.

With this in mind, many businesses are having to focus on getting customers back through their doors through marketing, social media, promotions and other methods.

Despite the effects of COVID-19, some hospitality businesses are still thriving. If you’re looking to take your first steps on the commercial property market, or you’re planning on selling your property and looking to secure hospitality finance, we can help you find the best deals around.  Get in touch to discuss your property finance needs.

Hospitality Industry: Summer Season 2022 Predictions

Posted on by Stewart Hindley

COVID-19 has had a huge impact on the hospitality industry, with much of the sector being completely shut down for significant periods during the past two years.

However, as the world slowly but surely opens up again, the hospitality sector is recovering well, with people beginning to travel again and meeting up with family and friends.

And with the speed of recovery on track to return to pre-pandemic levels this year, there’s a lot for the hospitality industry to look forward to in the Summer Season 2022.

So, what can you expect from the industry this year? We’ve rounded up our top hospitality industry predictions.

 

Holistic hospitality

Holistic hospitality is set to be huge in 2022, with more people than ever before prioritising their health and wellbeing. As a result, the wellness industry is booming, especially spas and hotels with spa facilities.

At the same time, there’s also a growing demand for health diagnostic technology and bespoke treatment plans that tackle a wide range of health concerns including emotional balance, healing, stress management, mindfulness and better sleep.

 

Personal experience

Having not been able to enjoy much of the hospitality for some time now, guests want to feel extra special, whether they’re dining out or staying in a hotel. Creating a personal guest experience can really help to ensure that your guests have a memorable experience when they stay or dine with you.

Tactics that many establishments are already using include personally greeting guests and sending personalised offers and emails to customers. Technological platforms such as CRM (customer relationship management) and CEM (customer experience management) are set to become even more crucial, allowing businesses in the hospitality industry to create one-to-one interactions with guests at scale.

 

Digital experiences

Technology is a huge part of our everyday lives, with many of us using our mobile phones and other devices to communicate, shop, bank and much more. And, during the pandemic, technology played an even more central role in our lives, with many customer-facing services becoming contactless.

So it’s not surprising that this year, apps that allow guests to control all elements of the guest cycle experience are set to be huge. Customer-facing services, such as mobile check-in, contactless payments, voice control and biometrics, will continue to be digitalised and facial and fingerprint recognition will also be introduced for improved convenience.

Technology is evolving fast, and businesses in the hospitality sector will need to keep up.

 

Unique travel

Customers are now demanding unique experiences across all aspects of the hospitality sector. For example, record numbers of travellers are now seeking lavish experiences that add an exciting and memorable dimension to their trip.

As a result, there has been a stark increase in travellers looking for niche properties, luxurious relaxation retreats, adventurous holidays and extraordinary hotels.

 

Lower corporate demand for travel

Although travel for leisure is predicted to rise again this year, business travel is unlikely to see the same recovery. In fact, according to The Global Business Travel Association, business travel spending isn’t expected to return to pre-pandemic levels until 2025.

As a result, hotels will need to adapt their offerings to cater to leisure travellers, particularly domestic travellers.

 

How we can help

If you’re considering buying a commercial hotel property, it’s important to speak to someone experienced in the sector to ensure that you are aware of all the funding options available to you. Get in touch to speak to one of our skilled and experienced team. We are always on hand to answer any of your queries regarding commercial mortgages.

How to refinance a commercial mortgage

Posted on by Stewart Hindley

Similar to refinancing a residential mortgage, refinancing a commercial mortgage involves switching from one commercial mortgage to another in order to release capital or save money.

If you’re looking to refinance a commercial mortgage, you’ve landed in the right place. We’ve created a helpful guide outlining everything you need to know about refinancing a commercial mortgage.

 

What is a commercial remortgage?

In simple terms, a commercial remortgage is a refinancing method for mortgages secured against a commercial property. Many commercial property owners choose to remortgage their property in order to save money on their repayments or even raise funds for their existing business or a new business venture.

 

How does a commercial remortgage work?

The process involved in refinancing a commercial mortgage is relatively simple and involves property owners replacing their existing loan with a new one. Your mortgage broker will talk through all the options available to you and try to find the best deal for your circumstances. All rates and terms will be discussed, providing a great opportunity for you to ask any questions.

With a commercial remortgage, you can:

  • switch to a better deal with a new provider
  • release equity from your commercial property
  • borrow against the value of your commercial property
  • switch from owner-occupier to commercial mortgage.

 

How much can you refinance up to?

If you’re thinking of refinancing your commercial mortgage, there is no rule on how much you can borrow. However, the lender you choose will need to be confident that you can afford to make the new repayments.

The rates you will be able to access will depend on your level of risk. You should also consider that the vast majority of commercial mortgages will come with a lender arrangement fee which is usually between 1%  to 2% of the total loan amount. You will also need to factor in valuation and legal work charges when budgeting.

 

How does it differ from a standard homebuyer remortgage?

The main difference between a commercial and homebuyer remortgage, is that commercial remortgages are designed to be applied to loans that are backed by non-residential real estate. Commercial mortgages are tailored for the commercial sector and their business needs, unlike residential mortgages which are designed for homes and residential properties.

 

Pros of commercial remortgages

Commercial remortgages offer a number of benefits, including the ability to raise funds quickly, gain access to competitive loan terms, improve cash flow if needed, and access better deals.

Despite there being lots of benefits, you should also consider that refinancing a commercial mortgage also means that you may be taking on a considerable amount of debt. With this in mind, you should always weigh up whether this is the best option for your business.

 

Why choose Stewart Hindley?

If you’re considering buying a commercial property or you’re looking to refinance a commercial mortgage, it’s important to speak to someone experienced in the sector to ensure that you are aware of all the funding options available to you. Get in touch to speak to one of our skilled and experienced team. We are always on hand to answer any of your queries regarding commercial mortgages.

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