Business Finance

We cover every aspect of commercial lending from Bridging through to commercial mortgages, self builds, release of equity and investment portfolio for the buy to let market. We can capital raise on property for business purposes, purchases and to expand and develope an existing venture. Factoring is an area where we can provide a great deal of expertise and advice.

Pubs  Restaurants  Residential Property Portfolio's  Development Finance  Buy to Lets  Multi Let Properties  Self Builds

Whether you are purchasing or refinancing your HMO (House of multiple occupancy) or property with multi tenants, we can get you on your way.

Call Karl on 07810 633663 or karl@moorlandfinance.co.uk

Buy to let mortgages

We have up to date rates for both BTL and HMO properties and research the whole of market for our clients.

Investment properties fall in to two categories either high occupancy with five or more tenants i.e. HMO’s or single tenanted dwellings.

We have headline rates that are issued on a weekly basis and are available up to 85% LTV. In many cases the rental income required to sustain the amount of borrowing is 125% of the rental income. The higher the loan in proportion to the property value the higher the charge rate. Our current leadind rate is:-

5.99 % with 1% arrangement fee, 85% loan to property value,  125% of rental income for affordability.

Bridging Finance

Bridging Loans for all types of property funding. No proof of income required, non status for any legal purpose with quick release of funds

Bridging is a flexible way of lending against property for a number of purposes

Arranged on a self cert basis, no documentary proof of income required

No credit scoring or credit history required

Can be used to buy any form of property be it commercial or residential:-  Pubs, Restaurant, Retails Units, Hotels, Homes.

Can be used to discharge bankruptcy, clean up mortgage arrears and avoid repossession

Bridging loans are based on open market valuations and are therefore regardless of purchase price and are therefore useful to property investor needing to finance 100% of the purchase price

Self Builds

• Up to 95% LTV advance for land purchase
• Plus up to 95% advance funding for all of the build costs
• No need for interim valuation visits between stages
• 95% funded product has a maximum total borrowing of £300k and total mortgage not to exceed 75% of the finished property value.
• Total borrowing amounts of up to £500k are limited to 85% LTV at outset and total borrowing not to exceed 75% of finished property value.
• No need to sell existing main residence first (so do not have to live in caravan on site)
• Current interest rate of 5.59% (BoE Base rate + 4.09%)
• Lenders arrangement fee of 1.50% of loan amount added to the mortgage
• Self-Build administration fee of £395 payable on mortgage Offer.
• Our Fee is 0.50% payable on completion
• Early repayment penalty of only 1.00% in the first 3 years
• Mortgage fully portable to another property
• First Time buyers and self-employed applicants with less than 2 years in business are restricted to a final maximum of 70% of finished value
• Advance funding fee payable payable on a sliding scale but charged at 2.75% of total build costs if applying for the 95% funding option.
• Fast-Track legal services available (please supply postcode for quotation