Commercial Mortgage

How can you obtain a commercial mortgage?

A commercial mortgage is different to a normal residential mortgage. Commercial rates will apply to any property that is related to a business. This could range from a factory, shop, pub, restaurant to offices and warehouses etc.

Reasons for wanting a commercial mortgage

You could simply want to buy an established business. You could want to buy land or buy property to rent to businesses. Or you may just want to buy another property for your business. A commercial mortgage will be available for you in any of these circumstances.

How does it work?

The process will be different to a residential loan. Typically, you will need a deposit of aroud 30% of the value of the property. Also, you usually need to take a repayment loan rather than just paying off the interest. The lender will be interested in thngs like your business accounts, profit and your business plan, as they will use these to build up a picture of your credit worthyness.

Difficult to find a Commercial Mortgage?

You may find it difficult to obtain a loan, simply because it is a specialist area. Many mainstream mortgage lenders simply do not operate in this area. With this in mind, if you are looking to buy a property for your business, why not contact us?

Click here for advice on a commercial mortgage from an independent financial adviser

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.