Flexible & Lower Cost Commercial Mortgages - RLS 3.0
Flexible and lower cost commercial mortgages. STOP THE PRESS - It's true!
Using RLS 3.0, the latest Recovery Loan Scheme, businesses can borrow from £250k to £2m, secured on commercial property for almost any business purpose.
This means commercial lending to reduce CBILS and BBLS repayments, restructure more expensive borrowing or inject capital into your business.
The latest #RLS #Recoveryloanscheme is a limited time opportunity to access more flexible and lower cost secured commercial borrowing.
#smallbusiness #mortgage #business
Contact:
https://www.limeconsultancy.net/conta...
More Details:
https://www.limeconsultancy.net
Timings:
00:48 - Why the timing for this commercial mortgage scheme may be perfect
01:12 - Why it isn't just for buying property
01:57 - The broad details and overview
02:14 - The reminder of how it works
Narrative:
Lower cost and more flexible commercial mortgage finance sounds great. Doesn't it? The recovery loan scheme. We've heard this several times over the last few years it's been coming in, it's been cancelled. It's been withdrawn, it's back again, low and behold here we are recovery loan scheme, RLS now known as RLS 3.0. Why a flashy name? I don't know for now. Forget what it's called. Recovery loan scheme. It's a government backed loan scheme. It's a commercial mortgage, it's secured on commercial property,
But there are a few bits about this one I really like, firstly, it's come at a time when interest rates are going up and every other outgoing of a business is going up, whether it be cost of goods or energy, whatever else, it's more pressure on businesses and this is a chance to actually reduce downs those finance costs.
The other thing I really like about it is it's not just about buying commercial property, whilst we're only secured on commercial property, it can be used yes to make a new purchase. It can also be used to refinance existing, borrowing, consolidate other borrowing, or release working capital into a business. So there is plenty it could be used for and a combination of those things mean that actually some businesses will be able to reduce down their monthly outgoings quite significantly. What we're also seeing is a lot of landlords at the moment, wanting to exit and give that option to their current tenants to buy the unit. And again, it's really great because it gives businesses a chance to buy that asset. On the broad details, we're looking at loan sizes from £250,000 up to £2 million
Capital and interest, interest only, part and part, variable rate or fixed rate. The flexibility is really, really good as always it's subject to affordability, all lending is, but the affordability rules are slightly more flexible than you may think. Lower cost, more flexible commercial mortgage finance at a time when a lot of companies really need it
It's not often this type of thing comes along at the right time and I think this is one of those rare cases, it has. If you've got a company or a business, that's looking at it's expenses, that's got CBILS loans or bounce back loans, and those repayments are starting to bite, this is a chance for them to reduce those repayments down again. It's a scheme that won't be around forever. It'll come back in another guise but whilst it's in this guise with these rules, look at it and take advantage of it. Lower cost, more flexible commercial mortgage finance for pretty much any legal and business worthy purpose. If you want more details, give us a call. I'll give you whatever information you need. If you want some figures or learn how it works again, get in touch. I'll share those with you. For now, follow us and social media. Any questions? Give us a bell. I'll talk you through it. But I think this is a great product, a great time, and it offers some real opportunities for lot of businesses out there. Speak soon.