Business Mortgage Solutions has specialised in arranging finance for Pubs, Hotels, Restaurants & Guest Houses since 1986. We are privileged to be the recommended finance broker for a number of the leading licensed trade and hospitality sector sales agents in the U.K. as a result of our high level of sector knowledge, trade connections and professionalism.It is often perceived that lending to the hospitality sector is difficult but we have developed a network of senior lending managers within the lending institutions who, given robust business plans, understand the hospitality trade, are prepared to take a proactive view and who have proved invaluable in securing funding for our clients on keen interest rates.
Services
Established by Roger Schooling in 1986 Business Mortgage Solutions quickly found our niche in arranging funding for pubs and hotels, becoming one of the leading brokers to this sector. Today we are proud to be recommended by several of the leading business sales agents in the hospitality sector as well as other industry professionals.
We have been arranging finance and mortgages for pubs, gastro pubs and inns for the past 30 years during which time we have seen significant changes in the property market largely as a result of the rise of the PubCos and the creation of their lease estates. With the PubCos now having to review their business model and disposing of sites which do not fit with their future plans, fantastic opportunities are out there to acquire freehold pubs and bars in many cases at a fraction of the price originally paid by the PubCos.
For the past 30 years we have dealt with arranging funding for the purchase or refinance of Hotels & Guest Houses throughout the UK. Our clients and the types of hotel they purchase vary widely but the principles for arranging finance remain very much the same whether you are considering a 30 bed plus hotel or a modest seaside B & B.
Lending to leasehold pubs differs from the freehold sector in that any lease with less than 35 years remaining on it at the end of the loan term, is not considered by the lenders to offer any security whatsoever. All you are generally buying with a lease is the goodwill, fixtures and fittings of the business, the value of which can easily disappear in a period of poor or distressed trading. Also in the event that you default on the rent, ownership usually reverts to the freeholder even if a loan is outstanding on it.
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