Delivering Quality Legal Services since 1986

Commercial Property Refinancing Solicitors

Our commercial property lawyers will ensure you are in control during the entire process of remortgaging your Commercial Property or Business

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Send us a confidential message. Our initial call is always a no-obligation consultation.

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Commercial Property Refinancing

Clients who own commercial properties often consider commercial property refinancing, which involves replacing an existing loan with a new one. This can prove advantageous for property owners in various ways. By opting for commercial property refinancing, you may secure a new loan offering reduced interest rates and more manageable monthly payments. Moreover, you have the flexibility to adjust the loan term, potentially allowing for faster debt repayment. Another potential reason to consider refinancing is to access additional funds, which can be used for property renovations or the acquisition of new properties to expand your real estate portfolio.

At Wildings Solicitors, our experienced team of solicitors specializes in guiding clients through the commercial property refinancing process. We are committed to ensuring a seamless experience by conducting thorough due diligence to meet the specific requirements of lenders while safeguarding your assets and funds. Furthermore, our strong relationships with mortgage brokers and lenders facilitate a timely and cost-effective progression of your refinancing matter.

Frequently Asked Questions

Certainly, you have the option to secure financing using your commercial property as collateral. The majority of lenders typically offer loans ranging from 60% to 70% of the property’s value. In select cases, it’s possible to obtain loans as high as 75% of the property’s value, contingent upon meeting interest coverage ratio (ICR) stress testing requirements.

At Wildings Solicitors, we’ve cultivated strong partnerships with commercial brokers who are well-equipped to support your development requirements, should you seek their assistance.

Under the best conditions, a commercial refinance can be completed in as little as 4 weeks. Yet, it’s important to note that the most budget-friendly lenders are often in high demand, leading to an average turnaround time of 8 weeks. In the post-pandemic landscape, it’s possible for the process to extend to as long as 16 weeks.

In a typical refinancing scenario, the process unfolds as follows:

  1. Application Submission
  2. Know Your Client (KYC) and Anti-Money Laundering (AML) Verification
  3. Credit Approval
  4. Legal Work and Thorough Due Diligence to Meet Lender and Underwriter Requirements
  5. Loan Disbursement
  6. Completion of the Transaction

Employment Law Services For Individuals & Businesses

Looking for a Commercial Property Solicitor?

Wildings Solicitors are a modern, forward looking law firm with a strong combination of skills and resources offering an extensive range of services to individuals and business clients.

Award Winning

We are a modern law firm that provides legal services to businesses, organisations and individuals.

Our Mission

To achieve the best possible outcome for our clients by delivering quality legal services.

Our Vision

To continue to develop our reputation for trustworthiness, respect for individuals, families and businesses.

Why Wildings Solicitors?

Advice From An Expert

Any legal matter regarding property can be exhausting. The majority of home owners have a substantial amount of money invested in their property. It is subsequently essential that an expert residential conveyancing solicitor be there to advise during the process of a transfer of equity.

Why Wildings Solicitors?

Over 30 Years Of Experience

Wildings Solicitors have been offering legal services to commercial property owners for over forty years. Whilst a lot has changed, our dedication to quality remains the same.

Our team of experts deal with a variety of different matters.

Our Residential Property Conveyancing team has considerable experience in buying and selling properties. Our team uses an up-to-date case management system and has devised a process, which is designed to provide you with a service of the very highest standard at a very competitive cost.

This enables our team to provide all of our clients with a very fast and effective service.

Why Wildings Solicitors?

Our Fees

 We have always provided expert legal services at affordable prices. Our fees are fixed and we operate an open and transparent costs policy. What we quote is what you will pay, should the unlikely event arise of further costs no additional work will be done until you agree.

It is essential for us to give you right guidance, please do not delay to take the first step and contact us!

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Send us a confidential message. Our initial call is always a no-obligation consultation.

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862-864 Washwood Heath Rd, Ward End, Birmingham, B8 2NG

Get in Touch

0330 333 8797

Opening Hours

Monday to Friday
9.00am - 5.00pm