Close Brothers Commercial Mortgage User Reviews
Review Summary
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Close Brothers Group is a UK based merchant finance provider that offers a broad range of finance products to businesses and individuals. They offer a range of financial services which include property finance products such as development finance, commercial investment and bridging finance, and loan products such as asset-based lending, invoice finance and asset finance.
Close Brothers Commercial Mortgage Options
Close Brothers offers a range of property finance products which includes development finance, commercial investment and bridging finance. They provide tailored property finance to support experienced developers.
Development Finance
Close Brothers’ development finance supports both residential and commercial property development projects across the UK offering finance to experienced professionals. This includes:
- Suitable for new or existing buildings
- Residential properties including family homes, flats, mixed-use, student accommodation, retirement schemes and housing associations
- Commercial properties including offices, retail units, industrial properties and mixed-use developments
- Loans from £750,000 to over £20 million
- Maximum loan to value of 60% on residential or 65% on commercial
- Maximum loan to cost of 85%
- Terms of 12-18 months
Commercial Investment
Close Brothers’ commercial investment packages provide funding for commercial property purchases or assist with raising capital against property for experienced commercial landlords and investors. This includes:
- Commercial properties including offices, retail units, industrial properties and mixed-use developments
- Suitable for pre-let or pre-sold commercial properties
- Loans from £1 million to £20 million
- Maximum loan to value of 70%
- Terms up to 5 years
- Available across the UK
Bridging Finance
Close Brothers offers bridging finance which provides short-term loans to assist with property projects, property acquisition and development. This includes:
- Loans from £50,000 to £4 million
- Terms from 3 to 12 months
- Available across the UK
- Not suitable for owner-occupiers
Close Brothers Commercial Mortgage Eligibility
Close Brothers doesn’t detail any eligibility criteria.
Close Brothers Commercial Mortgage Rates
Close Brothers doesn’t disclose its property finance rates.
Close Brothers Commercial Mortgage Calculator
Close Brothers doesn’t have any property finance calculators.
Close Brothers Commercial Mortgage Reviews
There is a range of reviews for Close Brothers across several customer review sites which cover all their products not just their property finance products, and many reviews relate to their car finance products. Trustpilot has the greatest number of reviews with 74% of reviewers rating them as excellent. Positive comments include straightforward and simple to use/set up, quick decisions, helpful and easy to contact. Negative comments include poor customer service, difficulties resolving issues, problems with setup and accessing online services.
Reviews.co.uk reviews are mainly negative with customers receiving poor service like that detailed for Trustpilot. Smart Money People reviews are more positive, but most reviews were for car finance (negative) or investments (positive).
Trustpilot – 3.7/5 (based on 4,075 reviews)
Google Reviews – no reviews
Reviews.co.uk – 2.0/5 (based on 8 reviews)
Review Centre – no reviews
Smart Money People – 3.8/5 (based on 86 reviews)
How To Apply For A Close Brothers Commercial Mortgage?
You can apply for Close Brothers property finance products by calling 0203 857 6250.
Pros
- Offers a range of property finance products
- Also offers a variety of other loans products for businesses
- Fairly positive customer reviews
Cons
- Doesn’t offer a straightforward commercial mortgage for businesses
- No rates are provided
- No eligibility criteria is available
Website: Close Brothers Commercial Mortgages