Chester, United Kingdom, October 31, 2013 --(PR.com
)-- Empire Commercial Finance has come forth to share its unique plans to provide finance to its customers. They have identified seven factors that are used when lenders evaluate a commercial mortgage. The same factors can also be used to identify better terms when re-mortgaging.
Identifying the right source of funding for start-ups has always been a challenge but with its network of Angel Investors, Empire Commercial Finance expresses confidence in locating and arranging the very best financial terms for their clients.
They have adapted existing and tried methodologies with alterations identified from analysis of their own existing records and other publicly accessible data. On a superficial level this has highlighted areas in which lenders prefer to work and Empire’s program can then match client requirements with lenders.
Obviously there are a lot more factors considered and in much greater depth. Where necessary Empire can source funds from private banks and foreign investors that exhibit an interest in lending to business; rather than have the client company rely on the more rigid state-owned banks. The firm also aids businesses with services as low as 1.5 times the monthly repayment. An expert analysis on the current debt serviceability ratio suggests that businesses with such outturns also stand a good chance for loan sanction. Focus has been realigned to area and regional branches contributing to the changes in business requirements.
Empire Commercial Finance promotes 80% LTV (loan-to-value ratio) for owner-occupiers and 100% mortgages are made feasible for professional businesses such as general practitioners and veterinary practices. Stable businesses can obtain rates between 2.1% and 3% over base for 15-25 year terms.
Empire has further analysed that the Fund for Lending Scheme has made a positive impact. While in action the new scheme has supported a number of businesses in 2013 and has also turned profitable in moving mortgages.
Empire Commercial Finance welcomes these changes that are designed for better finance and service for their existing as well as new customers.
About Empire Commercial Finance
Empire Commercial Finance is a firm of specialist independent commercial finance brokers seeking to serve clients in the UK. Empire Commercial Finance is run by staff with a wealth of Business and Commercial lending experience. They function to bring every type of deal to the table for the benefit of the client and provide the best possible service via carefully selected relationships with mainstream and specialist lenders. Their management team draws upon a wealth of knowledge gained over many years in the banking sector.