UK businesses should ditch the landlord and buy their freehold
Property website http://www.publicangel.com says recent changes in the commercial mortgage market means many of the UK’s small businesses can buy their commercial property instead of renting it.
[UKPRwire, Tue Oct 31 2006] MANY of the UK’s small businesses can boost their long-term profitability by buying their commercial property instead of renting it.
Property website http://www.publicangel.com says recent changes in the commercial mortgage market mean many businesses can now get up to 100% mortgages.
And in most cases they will pay the same monthly amount they are currently paying to rent the property.
That’s especially great news for small retail business such as shops, Post Offices, hairdressers etc.
Public Angel’s Nilesh Gohil said: “In years gone by you would have approached a High Street bank for a commercial property mortgage. Without a perfect track record and a hefty deposit, you’d have been turned away.
“These days there are many more lenders available, who are willing to lend 100% of the price of the freehold, secured on the property itself.”
Nilesh added: “These lenders are a lot more flexible than the High Street lenders. It’s true that the rates aren’t exactly the same as they on the High Street, but they are improving – in some case getting very close.
“All of this is making owning your own commercial property a lot more realistic. And that means you’ll be lining your own pocket, not your landlords”.
Public Angel introduces small businesses to commercial property lenders at http://www.publicangel.com.
ENDS
NOTES TO EDITORS
• Nilesh Gohil is available for interview and photographs.
• Call 07733 267529. Or email info@publicangel.com
• A website factfile is available online at http://www.publicangel.com/press/pressroom.html
• Find out more at http://www.publicangel.com
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