We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Commercial Mortgage ...

cardtrick
cardtrick Posts: 20 Forumite
in Mortgages & endowments
Hi... I'm buying a cafe and flat on a commercial mortgage with one ccj 5 years ago. Is 9.9% a to high a rate?

Thanks ......;)

Comments

  • happybroker
    happybroker Posts: 1,301 Forumite
    it's not a low rate, what are the figures? Deposit, loan, value etc and who is being quoted as the lender?

    have you approached a broker, a "specialist" in commercial finance or a bank directly?
    Happily an ex mortgage broker!
  • luckyfool
    luckyfool Posts: 1,683 Forumite
    Do you have accounts? What loan to value are you borrowing? How much was the ccj for and is it paid off? All of that would have a bearing on whether your quoted rate is "reasonable" for the circumstances.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture