Mortgage View has financed a large number of newsagents into their new businesses. We have also been able to refinance existing loans for newsagents and save them thousands of dollars a month in repayments.

 As a general rule newsagents can borrow up to
50% of the value of a newsagency
90% of commercial real estate
97% of residential real estate

They can borrow full doc or low doc.

When borrowing to purchase a newsagency don’t forget to allow an extra 15% of the total purchase price to cover legals, stamp duty and other associated costs.

Loans can be structures so as you repay interest only or principal and interest. You can repay monthly, fortnightly or weekly. Fixed or variable rates are also available.

Business term loans run up top 15 years, while residential loans are generally over 30 year periods.

Lenders consider the historical returns of newsagencies as well as the strengths and weaknesses of each individual newsagency when assessing a proposal. They also factor in your life experiences and qualifications for running a newsagency. They will look at the cost of any immediate repairs, business plans and cash flow forecasts. Mortgage View is able to assist in the whole application process.

Mortgage View are very experienced in these types of facilities and have relationships with many lenders. Please discuss your proposed purchase or refinance with us for an obligation free quote.

Contact us on (02) 9659 5679 or email us on enquiries@mortgageview.com.au.