Crystal Mortgages has become the only UK firm to offer a near prime commercial mortgage lending product to applicants who may not meet banks' lending criteria.
Through its newly formed division, Crystal Commercial Funding, the company will now offer a range of exclusive products that considers applications based on current payment ability over the more traditional serviceability checks which may cause applications to be declined. Launched this week, the new product is aimed at targeting the financial needs of the small business, considering mortgages from £30,000 to £600,000 with a maximum loan-to-value of 70%. Repayment can be taken as interest only or capital and interest, with the product open to direct applicants or through brokers and inter...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
