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Childcare Business

A case study about a commercial mortgage for a childcare business

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Finance Terms

This was a simple purchase with a 66% loan to value with sufficient income on the accounts which more than supported the application. From initial enquiry to the lender wanting to arrange a meeting with the client took only 24 hours.

  • Loan Amount – £147,000
  • Valuation – £210,000
  • Rate – 2.99% over base
  • Term – 15 years
  • Monthly Payment – £1,003.66
  • Repayment Method – Repayment
  • Lender Arrangement Fee – £2,100

Solution

Although there were a few legal hurdles to overcome with regards to an Asbestos report and part of the building having a flat roof, these were all overcome by ABC Finance working closely with the client and the solicitors.