Commercial Mortgage Group
Introducer
The Product
Here at CMG we have agreement with a panel of lenders to offer a range of products designed to meet the needs of small and medium-sized businesses, self-employed traders and partnerships who have traditionally found the raising of long-term capital difficult and suffer particularly badly in times like the recent credit crunch.
We can offer lending on the market value of the property security being offered not just the goodwill, fixtures & fittings or trading history of the applicant. This makes us an attractive option for those looking for a fast completion and those who do not conform or are outside the normal lending criteria of high street and institiutional lenders.
CMG are able to allow your client to declare their own income. There is no need for 3 years of audited accounts. We just need a simple accountant's letter and declaration form to satisfy our bank lenders.
CMG will pay up to 1.5% introductory fee for all non-status, successful commercial mortgage referals. Register now and start the process to improved revenues.
For Borrowers looking to raise between £50k and £2m, our process is geared towards being simple, quick and flexible....
- Commercial Mortgages and re-mortgages on freehold property.
Up to 85% loan-to-value (100% with additional security) - Self certification
- Terms up to 30 years duration
- 3 years interest only
- Fixed-rate products
- No lengthy bank interviews or business surveys
- No audited accounts required, just declare your own income
- Adverse credit considered
- Fast-track bridging loans available
- Decision in hours not weeks
- Experienced staff to help you
Introducers should be aware that CMG will charge valuation fees on most applications. These fees are government regulated and are no higher than 0.2% of the property value plus V.A.T. with a minimum of £300. Reports are produced in favour of the lending organisation. The applicant will receive a copy of this report.