Commercial Mortgages
Momenta Finance can assist with an interest-only commercial mortgage, whether you’re looking to purchase a new building or release equity from an existing one.
Interest-Only Commercial Mortgage
Our Interest-Only Commercial Mortgage goes beyond being a mere funding choice; it acts as a growth catalyst. By opting for this mortgage, you can achieve various goals, including obtaining new properties, enhancing existing business premises through renovations, confidently expanding to multiple locations, releasing capital for business requirements through remortgaging, and acquiring crucial assets like motor vehicles and machinery.
| Commercial Mortgages | At a glance | ||
|---|---|---|
 | Loan Amount | Up to £750,000 |
 | Loan Features | Interest-only up to 24 months |
 | Security | 1st charge basis |
 | Leverage | Up to 65% |
 | Interest Rate | Starting at SONIA + 7% |
Eligibility Requirements:
- The company must be a Limited Company registered in the UK and generate more than 50% of its income from trading activity.
- Must be using the facility to obtaining new properties, enhancing their business premises through renovations, confidently expanding to multiple locations, releasing capital for business requirements.
- Minimum turnover of £350k per annum evincible through latest filed accounts or management information.
- At least one Person of Significant Control (PSC) must be a homeowner.
- Any CCJs must be settled or in the process of being settled.
- The business must have a minimum of 2 years trading.
Interest-only repayment structure and no exit fees upon settlement.
Application Requirements
- Limited Company Requirement: Borrowers must be a limited company.
- Valuation: A RICS valuation for the property to be funded is required.
- Financial Statements: Submit the latest filed financial statements.
- Application Form: Completed Momenta Finance application form.
Recent Borrower Success Stories
Supporting UK-based SMEs is what we do.
- Momenta Finance: Embracing Excellence in 2024
As we reflect on the remarkable journey of 2024, it is clear that this year has been a testament to our unwavering commitment to innovation, growth, and delivering exceptional financial solutions. At Momenta Finance we have continued to evolve and expand our offerings, solidifying our position as a leading provider of alternative finance solutions in the UK.
Frequently Asked Questions
Why Choose
Momenta Finance
Small business loans are what we do, all day, every day. Our specialist team from account management through to credit understand businesses just like yours and want them to succeed.
We are a member of the Federation of Small Business (FSB), Consumer Credit Finance Association, Association of Alternative Finance Brokers and a Patron of the National Association of Commercial Finance Brokers (NACFB). We are also registered with the Financial Conduct Authority. This means we adhere to their codes of practice and are uncompromising, in our principles and practise ethical and responsible lending at all times.
Good to know
Momenta Finance acts as both a lender and a broker. Where we act as a broker, we receive a commission from the lender. This does not impact the final amount that you pay for borrowing.
Get started on funding your business today
Reach out to us at 0800 848 8480 or contact@momentafinance.co.uk
to register as an Introducer, or request a quote to see how we can help you achieve your goals.
