Assetz Capital Commercial Mortgage User Reviews
Review Summary
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Assetz Capital is a peer-to-peer business lender that is Manchester based providing business finance products across the UK. They aim to provide investment opportunities that provide a high return on their money whilst offering a range of competitive lending products. So far they have lent over £1.4 billion to businesses through commercial mortgages, bridging finance, property development finance and secured SME loans.
Assetz Capital Commercial Mortgage Options
Assetz Capital offers a range of commercial property finance products that are designed to assist investors, businesses owners, developers and builders. These products include:
Commercial mortgages
Much like residential mortgages, commercial mortgages help businesses buy property.
- Available for a range of properties, including offices, industrial and mixed-use
- Commitment up to 5 years
- Mortgage length up to 25 years
- Fixed rates from 5.5% per annum
- £250k – £10 million preferred debt
- Maximum LTV of 75%
- Interest-only periods available
- Available on a 1st or 2nd charge basis
Buy to let for landlords
Assetz Capital offers buy to let mortgages for professional landlords which includes a variety of property types such as new builds, student properties, HMOs and flats above commercial properties. Each loan is structured and priced on its merit.
- Terms up to 5 years
- Mortgage length up to 25 years
- Repayment or interest-only options
- Preferred debt of £100k – £3 million
- Rates from 5.5% per annum
- Maximum LTV of 75%
- Facilitation fee of 3% or a minimum of £2,000
- Available as a 1st or 2nd charge
- Rental coverage of 125%
- Redemption charges between 1-3%
Development finance
Development finance is designed for the construction, conversion or refurbishment of commercial buildings. This is a short-term loan that will fund the work and repayment usually takes place when the building is sold.
- Commitment up to 3 years
- From 6.9% per annum
- £500k – £10 million preferred debt
- Maximum loan size of £20 million
- Maximum LTGDV of 72.5%
- 1% exit fee applies
Residential refurbishment
Residential refurbishment is designed as a single property solution and can be tailored to your individual needs.
- Terms up to 2 years
- Preferred debt £250k – £5 million
- Maximum LTV and LTGDV of 70%
- Rates from 7.8% per annum
Bridging finance
Bridging finance ‘bridges the gap’ between securing funds for a property. Assetz Capital provide bridging loans for a range of businesses and they structure and price each loan on its merit.
- Up to 2 years
- 2% arrangement fee
- From 0.65% per month
- £150k – £5 million preferred debt
- Maximum LTV of up to 75%
- Choice of repayment of either interest retained or serviced
Assetz Capital Commercial Mortgage Eligibility
There is no eligibility criteria available for Assetz Capital’s commercial property finance products.
Assetz Capital Commercial Mortgage Rates
The rates for Assetz Capital’s commercial property finance products are:
- Commercial mortgages – from 5.5% per annum
- Buy to let mortgages – from 5.5% per annum and a 3% or £2,000 minimum facilitation fee
- Development finance – from 6.9% per annum
- Residential refurbishment – from 7.8% per annum
- Bridging finance – from 0.65% per month
Assetz Capital Commercial Mortgage Calculator
Assetz Capital doesn’t offer any commercial property finance product calculators.
Assetz Capital Commercial Mortgage Reviews
There is a fairly large number of reviews for Assetz Capital across 3 reviews sites with most being on Trustpilot. However, the majority of the reviews are provided by investors rather than those borrowing money, therefore their experience is likely to be very different.
Overall, the reviews across all review sites tend to be positive. Some of the comments from reviewers include good customer service from helpful and knowledgeable staff, and how easy it is for investors to get a return.
Trustpilot – 4.3/5 (based on 1,199 reviews)
Google Reviews – 3.5/5 (based on 15 reviews)
Reviews.co.uk – no reviews
Review Centre – no reviews
Smart Money People – 4.58/5 (based on 77 reviews)
How To Apply For A Assetz Capital Commercial Mortgage?
If you want to apply for one of Assetz Capital’s commercial property finance products you can call them on 0800 470 0430, you can search for a local Relationship Director on their website or complete an online enquiry form.
Pros
- Offers a variety of commercial property finance products
- Products that are tailored and priced to meet your needs
- Positively rated on review sites
Cons
- Reviews are largely from investors rather than borrowers