The 48-service helps people borrow up to £250,000 to buy or re-finance a commercial property as a new business, going concern or investment.
All enquiries and applications are managed by an experienced team of Abbey mortgage professionals who have the ability to underwrite cases from most industry sectors and make quick, informed decisions.
The key features of the service are:
-From the 16 May - a 48-hour offer of finance is available following
receipt of detailed documentation
- 48-hour Agreement in Principle
- No customer interview required
- Funding available for most types of properties and businesses
- Wide range of competitive interest rates available
- Phone line and email service
- Direct access to experienced Lending Managers
- Up to 1% can be added to the loan as a contribution towards legal costs
- Abbey's solicitors can act for both parties on a special fee scale
Mark Stephens, Head of Commercial Mortgages at Abbey said: "The latest improvement to our Mortgage 48 service will make the application process as quick and pain free as possible. Buying a commercial property and setting up a business can be really stressful so we are constantly looking for ways to make life that little bit easier for people."
