Retail Finance
We can help you find finance to get your shop up and running.
The traditional urban corner shop used to be a solid retail business proposition. If you plan to buy a shop and use it for retail, lenders may expect a business plan which can convince them that this type of retail business would be viable in the chosen location.
Many independent retailers can use part of their premises as a sub post office. Operating a post office franchise offers a guaranteed income and this can sometimes make all the difference when applying for a commercial mortgage and being able to make regular repayments. Recently, however, the Post Office has started to rationalise its branch network and terminated many urban sub post office contracts, with the result that, in some areas, post office franchises can be difficult to obtain.
Borrowers should also be aware that mortgages for shops with living accommodation that covers more than 40 percent of the property’s floor area are subject to regulation by the FSA.
If you're an existing business that can provide trading accounts then we should definitely be able to help you find a commercial mortgage.
Most commercial lenders would normally be more than happy to lend money at a competitive rate for the purchase of this type of retail business.
