Commercial Mortgage Market

Thursday, January 24, 2008

The reduction in the London Interbank Offered rate (LIBOR) will be received well by borrowers who are looking for a commercial mortgage.

The 3 month LIBOR has now come down to 5.59% down from a peak of nearly 7% in September. This should be a clear indication that the issues in the credit markets are easing and should be able to return to some normality in the following months.

The reduction in LIBOR is good news for borrowers, lenders and brokers and with potential Bank of England base rate cuts on the horizon there should be further relief.

Solution Mortgages specialise in commercial mortgages and can offer a wide range of commercial lending facilities.

If you are looking to purchase or remortgage a commercial property, please feel free to call Solution Mortgages on 0845 123 1260 and ask to speak to Drew Mitchell who is head of Commercial Lending at the company.