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Re-Finance options
For those with existing businesses then you may wish to re-finance to:
- Reduce borrowing costs
- Refurbishment and expansion
- Partnership buy out
- Debt consolidation
- Cash flow improvement
For those businesses that may require to re-finance to improve cash flow and where no accounts are available for the business or they do not show good levels of net profit, then we have a range of non status facilities available.
Competition between lenders for new business has never been so intense and as a result interest rate margins are currently extremely competitive.
The following indicates the typical terms currently being achieved
Interest rate margins: Between 1.25% above bank Base to 1.75% Repayment terms: Up to 25 years Interest only periods: Usually 12 -24 months but up to 60 months may be possible Banking arrangements: No need to change banks so you can take advantage of free banking terms currently being offered.
Use the repayment calculator to see what your repayments could be.
For a more accurate indication of all the terms and costs which may apply to your circumstances please call us on 08454 585899 |