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Moneyfacts Commercial Mortgage Star Ratings 2024 announced

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Rachel Springall, Press Officer
Rachel Springall, Press Officer / Finance Expert T: 01603 476210 E: Email Rachel
15/05/2024

A stellar year for Moneyfacts Commercial Mortgage Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2024 for the Commercial Mortgage arena.

  • For 2024there was a fall in the size of the market, with the number of products available falling by two.
  • A total of 14 products were awarded a Five-Star while four achieved a Four-Star Rating.
  • More than 25 fields of information, including flexibility and lending sectors, was assessed for each product.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

Moneyfacts has been analysing data for more than 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Commercial Mortgage products.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-1/2023).

A stellar year for Moneyfacts Commercial Mortgage Star Ratings 2024

Moneyfacts is pleased to announce the Moneyfacts Annual Star Ratings 2024 for the Commercial Mortgage arena.

  • For 2024there was a fall in the size of the market, with the number of products available falling by two.
  • A total of 14 products were awarded a Five-Star while four achieved a Four-Star Rating.
  • More than 25 fields of information, including flexibility and lending sectors, was assessed for each product.

The products awarded Five or Four-Star Ratings offer the most comprehensive range of standout features and competitive limits, which set them apart from the rest of the market.

Moneyfacts has been analysing data for more than 35 years, with the instantly recognisable Moneyfacts badge of quality helping inform consumers when comparing Commercial Mortgage products.

Nine out of 10 people agree that a Star Rating from an independent and impartial company could influence their decision in considering taking out a Financial Services product.* (*Source: Moneyfacts Group Plc, Star Ratings survey 11/2022-1/2023).

VIEW THE FULL LIST OF 2024 AWARDED PRODUCTS – PLEASE CLICK HERE FOR COMMERCIAL MORTGAGE.

 

VIEW THE FULL LIST OF 2024 AWARDED PRODUCTS – PLEASE CLICK HERE FOR COMMERCIAL MORTGAGE.

 

Lee Tillcock, Managing Editor of Business Moneyfacts, said:

“Given the funding challenges faced by commercial borrowers during the past 12 months, the wide range of commercial mortgage providers and products for businesses to select from, can make comparisons potentially complex. The need to take more control of their own future business premises planning has therefore encouraged a greater demand for an understanding of the options available. The Moneyfacts Annual Commercial Mortgage Star Ratings highlight the companies that operate in this sector, and consider the extensive range of features and charges, helping businesses to direct their focus when considering their options.

“The Moneyfacts Annual Commercial Mortgage Star Ratings concentrate on the individual features of a product that businesses will come across when going through the decision-making process. The ratings therefore provide an extra seal of approval, which should give them the added assurance that they have found a high-quality product for their business needs.”

 

Lee Tillcock, Managing Editor of Business Moneyfacts, said:

“Given the funding challenges faced by commercial borrowers during the past 12 months, the wide range of commercial mortgage providers and products for businesses to select from, can make comparisons potentially complex. The need to take more control of their own future business premises planning has therefore encouraged a greater demand for an understanding of the options available. The Moneyfacts Annual Commercial Mortgage Star Ratings highlight the companies that operate in this sector, and consider the extensive range of features and charges, helping businesses to direct their focus when considering their options.

“The Moneyfacts Annual Commercial Mortgage Star Ratings concentrate on the individual features of a product that businesses will come across when going through the decision-making process. The ratings therefore provide an extra seal of approval, which should give them the added assurance that they have found a high-quality product for their business needs.”

 

Numerous features are considered when assessing the ratings, and some of these include:

Numerous features are considered when assessing the ratings, and some of these include:

Commercial Mortgages:

Commercial Mortgages:

  • Minimum and maximum advances
  • Minimum and maximum terms
  • Repayment holidays
  • 24-hour emergency helpline
  • Interest calculation
  • Maximum LTVs for lending sectors.

 

  • Minimum and maximum advances
  • Minimum and maximum terms
  • Repayment holidays
  • 24-hour emergency helpline
  • Interest calculation
  • Maximum LTVs for lending sectors.

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Equity Release
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

Notes to editors

Pioneering financial comparison technology for over 35 years.

Moneyfacts Group plc is the UK’s leading provider of retail financial product data. Used by virtually every bank and building society in the UK, and supplied to the Bank of England, Financial Conduct Authority, Financial Ombudsman Service, HM Treasury, Prudential Regulatory Authority and UK Finance.

Our expert research team monitors the thousands of mortgages, savings, credit card, personal loan, business banking, life, pension and investment products in the UK.

Moneyfacts’ Star Ratings highlight the best quality financial products available based on an assessment of all their features and criteria. Moneyfacts Star Ratings logos act as an independent and impartial badge of approval and help customers easily spot which are the better deals to help them make important decisions with confidence.

The growing range of products currently assessed includes:

  • Personal Current Accounts
  • Personal Credit Cards
  • Business Current Accounts
  • Business Credit Cards
  • SIPP and SSAS
  • Equity Release
  • Home Insurance
  • Home Emergency Cover
  • Car Insurance
  • Travel Insurance
  • Pet Insurance
  • Private Medical Insurance
  • Unsecured Personal Loans
  • Landlord Home Insurance
  • Commercial Mortgage.

For more information about us please see our key facts.

To link to our website please use moneyfactsgroup.co.uk.

Broadcast

Our broadcast suite enables our finance experts to appear in-vision for television, and we regularly comment live on national and regional radio.

To arrange an interview for radio or television, please contact our press department. We have an in-house broadcast room.

 

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James Hyde Press & PR Manager
Rachel Springall Press Officer / Finance Expert
Caitlyn Eastell Apprentice Press & PR Assistant