| Guide To Real Estate Finance In UK
by Tim Kelly
It is real estate market, which has perhaps never witnessed
any recession or stagnation. It is this sector, which has ever
been prospering. And, needless to say that it is one of the
best investment options.
However, it is not everyone’s cup of tea. Since it
requires huge money, not all of us have that. When this is
the case, it is this time when you need a real estate loan.
And, taking a rescue to Internet can save you many things.
Since a real estate loan means huge money, you need to prove
your credibility. If you have something to offer as collateral,
the chances of securing a favourable deal improve grandly.
This may also help you get a handsome rate of interest and
a longer term.
Securing a real estate loan depends on three factors, credit
history, repayment capacity and potentiality of the business
you are going to start. If the three factors are in your favour,
you will get a loan easy and fast. If they are not however,
you may face some uneasiness.
Apart from credit history, repayment capacity and potentiality
of business, there is one more entity, which affects the prospects
of getting a real estate loan. It is the size of the property
you wish to purchase or take on lease. Real estate properties
can broadly be divided into three types: Class A, Class B
and Class C.
A Class A property means a larger premier building with a
high-profile location that is easily accessed. A Class A building
has on-site management, an impressive lobby and amenities.
A Class B building generally has good location, professional
management and some amenities. Whereas a Class C space is
no-frills. It is usually found in older buildings or converted
industrial buildings, without lobbies or amenities
Once you have narrowed down your needs, you can start shopping
around for a commercial real estate broker. However, you should
not just take out the phonebook and start making calls. It
would be a better idea to ask for recommendations from others,
who have taken such a loan or leased their office space etc.
People like Commercial real estate lawyers, bankers and architects,
who work with commercial brokers can be a great help. You
may also like to contact professional commercial real estate
associations, which require its members to meet certain standards,
for a list of brokers in your area.
Tim Kelly is an expert in finance having completed his LLM
in Finance (Master of Laws in Finance) from Institute for
Law and Finance at Frankfurt University. He is currently working
with commercial real estate as a financial advisor. To Find
Best real estate loans, online real estate loans, cash advance
real estate loans visit http://www.commercialrealestateloan.co.uk
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