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The leisure sector covers a number business premises purchases including
hotels, guest houses, public houses, nightclubs, golf clubs, restaurants
and many more.
Borrowers wishing to purchase a leisure premises can expect to pay
Bank Base Rate + 1% to 5 %, at a loan to property value up to maximum
of between 75% and 90%.
To achieve more favourable lending rates, experience in your chosen
leisure sector is essential, as is a detailed business proposal and
indication of expected fiscal returns.
If this is not possible then we also offer full non status and self
certification commercial finance with loan to values up to 85%.
It is important to consider that the some parts of the leisure sector
are viewed by many financial institutions as high risk lending opportunities,
limiting the funding options in many cases. However as the majority
of our consultant team is aware of the complexities of this we are well
used to dealing with leisure based commercial mortgages, from small
bistros to large central London nightclubs, the borrower can be assured
we will negotiate competitive funding based on the proposition.
The maximum term of a leisure business mortgage will tend to be 30
years.
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