Non Status
At General Finance Centre we recognise how difficult it can be to secure a commercial mortgage if you have any of the following:
- Bad credit rating
- County Court Judgements (CCJs)
- Individual Voluntary Arrangements (IVAs)
- Liquidation history
- Mortgage arrears
... often categorised as ‘non-status' or ‘sub-prime'.
The majority of commercial mortgages that we arrange are indeed for applicants who have been rejected at high street banks or other lending companies. Indeed, 60% of UK residents suffer or have suffered from some sort of bad credit status.
Typically, we provide commercial mortgage solutions for non status applicants wishing to restructure or expand their existing business. Although we have successfully lent £100,000s to applicants with a sub prime history, who are looking to start a new business.
We provide specific non status commercial lending to all classifications of business: sole traders, partnerships, limited companies and the self-employed. Remember, we don't even require proof of income to find the funding you need for your business.
With our specific non status commercial mortgages, you can:
- Borrow up to 85% of the property value
- Borrow from £25,000 to £50,000,000
- Get an immediate decision
Our commercial finance managers are experts at providing commercial mortgages for non-status applicants. We have secured commercial loans for the most complex of poor credit situations. Whatever your business type, size, security or status, our aim is always to say yes!
DO NOT LET YOUR BAD CREDIT HISTORY AFFECT YOUR BUSINESS PLANS! CALL US TODAY ON 0800 019 5177 Or submit the form on the enquiries page.
