In a week that it was announced that the UK economy has crawled out of recession it is worth taking a moment to think about what opportunities exist for commercial mortgage brokers at the moment.
Read more on What’s New In Commercial Mortgages…
Anyone who has a Commercial Mortgage will (or should) be familiar with LIBOR. So they should also be quite pleased that LIBOR has reached a record low.
LIBOR is the rate which determines the cost of most commercial mortgages and many other forms of borrowing. The rate coming down may bring good news in that interest rates on mortgages and other loans may follow suit.
Read more on Good News about Commercial Mortgages – well sort of….
Competition among financial organisations and banks is the main factor that in recent times has led to commercial mortgages becoming much easier to obtain. Difficulties traditionally associated with a poor credit history once meant that an application for a commercial mortgage might well have been rejected.