We are dedicated to providing the hospitality sector with the ability to raise the funds that they need to purchase properties. As we are independent whole of market brokers, we offer customers impartial advice, helping them to secure the funding that they need in order to secure a foothold in the sector. If you have dreams of owning your own hotel, then we can help you to see these dreams come true by finding the right B&B loan or mortgage lender for you, based around your circumstances.
Owning and running a hotel can be a challenge. Firstly, you need to purchase a property in an attractive location where guests will want to stay, and you need to spend money on the day to day running of the establishment. A mortgage will usually be essential for getting your foot onto the ladder in the hospitality sector.
Fortunately, many lenders are quite keen to lend against hotel properties as they offer excellent security and good loan to value ratios, with higher loans available if borrowers meet the lender’s debt service criteria. There are a number of ways in which you can increase the chances of being accepted for the loan or gaining a higher loan, such as putting down a sizeable deposit, usually equalling 30% of the property’s value, as well as proving that you have sufficient financial security. Having proof of experience in the hospitality sector, a good personal credit history, a business plan and three years worth of Vendors trading accounts can also help. We can also assist you by writing up a comprehensive debt application for you.
Our mortgage brokers will do all that they can to secure fair hotel finance for you. Our brokers scour the market, finding a competitive B&B loan or mortgage that suits you. We will ensure that you receive the best financial product for your circumstances, allowing you to secure the hotel without taking on an unrealistic financial burden. Our no win, no fee service means that if you don’t receive a written letter of acceptance from us or your lender, you don’t have to pay our broker fees. We do everything that we can to secure funding for you, and you can be fully assured that we work to the benefit of our customers, helping them to achieve their dreams in the hospitality sector.
