Mortgages Uncovered

A new division of Crystal Mortgages known as Crystal Commercial Funding has claimed that it believed the commercial market particularly property was about to turn and they believe they can provide a safe foundation for those SME’s who have just been unfortunate in missed out on bank funding.

Roger Dewsbery, at Crystal Commercial Funding, said: “Crystal has always been in commercial mortgages, but we thought there was a window because these days a business will jump through hurdles to get its money from the bank and then fail for a small reason. We have introduced this little window called ‘near prime’.

That doesn’t turn them into a sub-prime borrower – we are just pitching it somewhere in the middle. There will be an increased level of risk, the level of risk will decide the cost of borrowing but sometimes it can only be a tiny amount.

“I’m not criticizing the banks, I’m just saying they have got no margin for movement. “

It seems that hope is up that the new product will really help a number of firms who are caught in a no win situation with their current lender who is too expensive to stay with and too expensive to leave!

If they are able to build confidence into the market then the feeling that commercial properties are about to tumble in value will have nearly reached the end

More mortgage information:
Portmeirion available here
window film available here
http://it.win-direct.com