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Try Financial can arrange short term bridging finance to purchase and re-furbish commercial and semi commercial property where the loan will be repaid either from sales proceeds or, being refinanced on to a longer-term loan either a commercial mortgage or, if converted to residential use, a buy to let mortgage. Before the bridging loan is approved, the lender will need the assurance that the loan will be repaid from a viable exit proposition.
Typically refurbishment bridging loans in the commercial property market are to convert larger properties into Homes of Multiples Occupation or conversions of business premises to residential use. At Try Financial arrange loans in England and Wales, and also Scotland. We can also obtain terms where our customers have impaired credit records.
Interest is usually paid in advance but calculated on a daily basis so that if a borrower repays before the end of the loan term, any overpaid interest is refunded. There are options to pay interest monthly if this is preferrable. Usually, the length of the loan is up to 24 months and and individuals can expect to sign a personal guarantee, and where purchase is through a limited company, in most cases, a debenture charge will be taken across all assets of that business.
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Highly highly recommend Try Financial. Martin you are a star! He was professional, worked incredibly hard and did an amazing job on helping us with several mortgages and refinancing over the... read more
Aaron was very helpful throughout all stages of the mortgage application, always available to help with our questions and liaise with both the lenders and our vendors agents where necessary. We... read more
Me and my husband are first time buyers and found Aaron to be incredibly helpful with everything and responded very quickly when we had any queries. Would highly recommend for... read more
Me and my wife are first time buyers. After finding a house Aaron promptly sent us the fact find forms. After we had returned these we had a... read more
Reading through these reviews I may have thought they were fake reviews as they’re just too good - but having experienced the expertise and professionalism of Aaron at TRY Financial... read more
As a first time buyer, I was a bit ‘in the dark’ with the whole process but I absolutely feel like I have sailed through with the help of Aaron... read more
Helped us enormously and I wouldn't hesitate to recommend the company. Aaron was really helpful and informative throughout the whole process. Thank you!
Aaron was absolutely incredible throughout the whole process, constantly going above & beyond to get our mortgage sorted efficiently. Aaron was always happy to help and answer any questions I had... read more