Securing funding against a commercial property
For businesses looking to expand or to take advantage of economic opportunities, a commercial loan secured against your commercial property could be a good option to finance any of the following:
- Expansion plans for your business
- Carrying out improvements to your commercial property
- Changing lenders (re-mortgaging a commercial property)
- Purchasing industrial plant and machinery
- Investing in other commercial property
Advice about how to secure finances
In the first instance, you should approach your chosen bank to agree the principles of the funding. Once you have an approved lending agreement, we can give you a realistic estimate of how long it will take for funds to be made available to you.
How long does it take to secure funding?
Generally this will take around 3 months, throughout which we will ensure that you are kept up to date at every stage of the process.
How much does it cost to arrange funding?
This would be dependent on the amount that you are borrowing, but we would give you a realistic estimate at the beginning of the process so that you can budget accordingly.
Contact our commercial property solicitors
Bray & Bray has three main offices in Leicestershire. We will be able to answer any initial questions you have over the phone and arrange for a meeting at your nearest office, at your earliest convenience.
Leicester: call us on 0116 254 8871.
Hinckley: call us on 01455 639 900.
Market Harborough: call us on 01858 467 181.
Corby call us on 01536 851050.