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Chattel Mortgage

A Chattel Mortgage loan is where you own the chattel from the start which are then mortgaged or gripped by a bill of sale to the financier to support the loan.

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For further details please complete the Enquiry Form on this page or Contact Us at Broadlink.

 

A chattel can be any tangible equipment that is used for business purposes. As such the equipment becomes the security for the financier during the course of the loan and once finalised the mortgage or bill of sale over the equipment is released.

As the equipment is used for business purposes then depreciation & interest charges that relate to the business use are tax deductible however your accountant will be able to advise you in this regard.

 

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