Womans Business mortgage
More and more women are now setting up their own businesses
or becoming senior executives in existing businesses.
The growth in business activity amongst women means
that loan providers are at last taking seriously the
needs of businesswomen in the UK. The More Group is
an independent mortgage company and we work closely
with our panel of mortgage providers to offer businesswomen
the best mortgage deals available.
What loans are available?
MCL specialise in commercial mortgage loans. A commercial
mortgage is a loan that can be used for a range of business
related purposes, such as purchasing business premises,
funding business growth and expansion, or restructuring
business debt into one affordable loan. A commercial
mortgage is cheaper than a standard business bank loan,
so it makes sense to consider a commercial mortgage.
See Commercial
mortgages explained for a detailed explanation of
commercial mortgages.
Commercial Remortgage
If you have an existing commercial mortgage, the More
Group can help find a better value remortgage product.
A remortgage can be used to save you money, or to raise
finance. The mortgage industry is highly competitive
and there are many great remortgage deals available.
Consider how a remortgage might benefit your business:
- You can reduce your monthly mortgage repayments
by remortgaging at a lower rate of interest
- You can raise new business finance by remortgaging
and using some of the mortgage to finance new business
activity
- You can consolidate existing business loans into
one manageable monthly payment
Releasing equity
If your property has a market value greater than the
outstanding loan, you may be able to remortgage and
release cash (known as equity) which you can use whatever
way you want. In effect this means you draw down on
the investment you’ve already built up in your
property. You can do this and benefit from lower mortgages
repayments too!
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