How a long-standing business used a commercial mortgage to buy the premises it had rented for years.
The client had been trading from the same premises for a number of years, paying rent throughout that time. When the opportunity came up to buy the site outright, it was an important moment for the business.
Renting had always meant a degree of uncertainty about the future of the building they had built their trade in. Moving from tenant to owner meant arranging the right commercial mortgage and managing a process with several moving parts, all while keeping the day to day business running as normal.
The business now owns the premises it operates from outright. Owning the property removes the uncertainty that comes with being a tenant and protects the business from future rent increases or changes to the landlord's plans.
After years of paying rent, the client now holds a freehold asset on their balance sheet and full control over the building their business is built on.
From the very beginning, the communication was outstanding. We were kept regularly updated at every stage of the process, and any questions or issues that arose were dealt with quickly and professionally. The team was always friendly, approachable and proactive, which made what can often be a stressful process feel straightforward and well managed.
Having rented the property for a number of years, purchasing it was an important step for us, and Goodman Corporate Finance helped ensure everything progressed smoothly through to completion. Their knowledge, efficiency and attention to detail were evident throughout.
We are extremely pleased with the outcome and would not hesitate to recommend Goodman Corporate Finance to anyone looking for professional, reliable and responsive finance brokerage services.
Client
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Copyright - Goodman Corporate Consultancy Ltd
Goodman Corporate Finance is a trading style of Goodman Corporate Consultancy Ltd. Company no 5364029 Registered in England and Wales.
Registered office: 5 Prospect Place, Millennium Way, Pride Park, Derby, DE24 8HG.
Goodman Corporate Consultancy Limited is an FCA authorised Credit Broker and not a lender.
We typically receive a payment (s) or other benefits from the finance provider if you decide to enter into an agreement with them depending on the chosen provider and their commission or incentive models. Different lenders pay different amounts depending on different commission models. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.
Goodman Corporate Consultancy Ltd is Authorised and Regulated by the Financial Conduct Authority under number 733340.
Goodman Corporate Finance is registered with the ICO no. Z1828753.
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