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PRESS ROOM |
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UK businesses should ditch the landlord and buy their freehold |
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November 2006 |
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MANY of the UK's small businesses
can boost their long-term profitability
by buying their commercial property
instead of renting it. |
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Property website
www.publicangel.com says recent
changes in the commercial mortgage
market mean many businesses can
now get up to 100% mortgages. |
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And in most
cases they will pay the same monthly
amount they are currently paying
to rent the property. |
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That's especially
great news for small retail business
such as shops, Post Offices, hairdressers
etc.
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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.
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"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."
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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." |
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" 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". |
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Public Angel introduces small
businesses to commercial property
lenders at www.publicangel.com.
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