UK Financial Credit Broker
New World Finance
New World Finance strives to deliver straight forward and simple business mortgages, providing
term finance on properties including:
- Houses
- Apartments
- Farms
- Pubs, Restaurants, Takeaways, Fish&Chips Shops
- Shops, Shops with Living Accommodation
- Hotels, Guest Houses, Holiday lnns
- Industrial Units, Factories, Offices, Warehouses
- Plumbers' Merchants
- Electrical Contractors
- Cash & Carry Outlets
- Commercial Printers
- Timber Merchants
- Engineering Supplies
- Motor Trade Wholesalers
- Furniture Manufacturers
- Garment Production
- Food Processors
New World Finance is your reliable business partner to address your business needs.
For borrowers looking to raise between £25k and £2m, our process is geared towards being simple,quick and flexible. Our mortgage products are available with terms up to 30 years, generally up to 79% LTV (for transactions up to £500k) and have an option for self-declaration of income. It is important to distinguish that we provide a mortgage product and therefore the advance is made against the market value of the property, excluding goodwill and any fixtures or fittings.
We are able to lend up to 90% of purchase price for sitting tenants purchasing at a discount (subject to this not exceeding our LTV restrictions on valuation) and 100% advances can be made with additional security (either residential or commercial property) from the borrower. The financial product is available at a margin of between 2.5% and 5% over Libor depending upon the LTV and status of the applicant. Early repayment charges apply.
The financial product can be used for any purpose by the applicant including:
• New business start-ups
• Business turnaround solutions
• Short-term finance and debt consolidation
• Working capital raising
• Property improvement
• Business expansion
Leading Specialist in Business Finance.
Long and Short Term Facilities, available from 3 Months to 30 Years.
