Your clients can access funds quickly with Mercantile Trust’s homeowner business loan solution. Our lending criteria offers customers a great deal of flexibility, in contrast with the restricted lending practices of high street lenders.
With our homeowner business loan, we could help your customers raise capital for any legal business purposes: a deposit for an investment property, lease extension, improvements to existing investment properties or dealing with business debt.
We are specialists in providing business finance to those borrowers who are underserved by the market.
- Loans from £10,000 up to £250,000
- Lending up to 75% loan to value (LTV)
- Lower value properties (from just £75,000) can be used as security
- Non-standard construction properties
- Properties in England, Wales, Scotland & Northern Ireland
Have your customers utilised all the available equity within their portfolio? Do your customers have buy-to-let mortgages with lenders that will not consent? Are your customers tied into a preferential mortgage rate that they wish to protect? A homeowner business loan could be the solution.
We can arrange the funds in days, using automated valuations as well as our in-house legal process.
Call our advisers today. Your customers could get a lending decision in just one call.
Why choose Mercantile Trust?
Customers value our common sense and flexible approach to lending, as we recognise that one size does not fit all. If your customers are looking to purchase an unusual property, their circumstances require personal consideration, perhaps they’ve had credit history issues, or for any other reason they are struggling to borrow, we could be the lender for them.
FAQ's:
What is a homeowner business loan?
A homeowner business loan is a form of funding that uses an applicant’s main residential property to raise capital (strictly for business purposes only); therefore, your client must own their own property.
What can a homeowner business loan be used for?
Homeowner business loans can be used for various business purposes, such as buying a premise or equipment, paying off business debts, expanding operations, etc.
How much can my client borrow with a homeowner business loan?
How much your clients can borrow for a homeowner business loan depends on a number of factors:
- The value of the security
- The available equity
- The size of the portfolio
- The customers income
- The customer credit profile
- Purpose of the loan
At Mercantile Trust, we offer homeowner bridging loans from £25,000 up to £250,000.
Why could a homeowner business loan be suitable option my client?
If you have customers that need extra funding to expand their existing business or property portfolio, a homeowner business loan may be the ideal solution. Using their main residential property, your customers could benefit from keeping their preferential mortgage rate and avoid incurring any early repayment charges (ERCs) or other fees. We can also use our in-house legal process and automated valuations to speed up the process.
Why use Mercantile Trust for homeowner business loan?
At Mercantile Trust, unlike other lenders, we consider each and every application on its individual merit. No two cases are ever the same and our personal approach to lending allows us to create bespoke solutions for your clients.
View our full criteria here