An accountant and business advisor, who has been trading since 2019, decided that to grow the business, it was essential to stop renting office space and purchase their own premises.
After finding the ideal office space in the Forest Hill area of London and having his offer accepted, Swoop was approached to obtain a commercial mortgage to complete the purchase.
Tom Gerrard, Funding Manager at Swoop, picked up with the client to discuss their requirements and request the information required to prepare and present a comprehensive commercial mortgage application to our wide panel of lenders.
Within a week, market leading terms were obtained from a high street bank, valuation instructed and the legal process commenced. The deal completed this month, meaning one of the first things the customer needs to do is get the Christmas decorations up in their new office!
On completion, Tom from Swoop said:
“It has been an absolute pleasure to work on this transaction. The client really brought into the value we add through giving them options across the market as well as managing the process from start to finish. This allowed us to complete a deal with a high street bank in record time. I wish them all the best moving forwards in their great new office space.”
If you would like to know more about the options available to you and your business for commercial mortgages, development finance, bridging finance and investment property lending please get in touch with the team at commercialmortgages@swoopfunding.com or complete the ‘Property Finance’ field in your Swoop Account.
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Disclaimer: Swoop Finance helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other finance products ourselves. We can introduce you to a panel of lenders, equity funds and grant agencies. Whichever lender you choose we may receive commission from them (either a fixed fee of fixed % of the amount you receive) and different lenders pay different rates. For certain lenders, we do have influence over the interest rate, and this can impact the amount you pay under the agreement. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop Finance Limited is registered with the Financial Conduct Authority as an Account Information Services Provider (reference number 833145). Swoop Finance Limited is authorised as a credit broker under FCA registration number 936513. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions. Swoop Finance Ltd is registered with Companies House (company number 11163382, registered address The Stable Yard, Vicarage Road, Stony Stratford, Milton Keynes MK11 1BN). VAT number: 300080279
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