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Re-financing of commercial property can take place for a number of reasons. Some land owners re-finance in order to exit an existing mortgage to take on a new one on more favourable terms, others look to take out a loan secured against a Property or land in order to fund development or to release funds for future business developments or expansion.
The Lender will take a Legal Charge against the Property and the Property is used as security for that loan. The Legal Charge will be registered at both Companies House and also at the Land Registry.
Directors are often asked to provide personal guarantees for the Company’s loan.
Our Commercial Property team are experts in this field and able to assist Companies, Lenders and Guarantors in re-financing your Property.
We are committed to transparency in our prices, for more details of our pricing structures, potential additional costs and disbursements