Commercial mortgages are an attractive loan type for prospective landlords and those wishing to purchase commercial property. As specialised commercial mortage brokers, The Lending Channel is well placed to assit you in the application and acceptance of a commercial property mortgage. Read below to find out more about our commercial mortgage services.
Commercial mortgages can be used on a wide range of property types, securing a loan to buy a:
Hotel and Public House
Bed and Breakfast / Guest House
Office Premises / Retail Unit (Shops)
Factory or Warehouse
Nursing and Care Home
Investment Properties and Portfolio Mortgages
If you are looking to purchase, remortgage or invest in commercial property our team of commercial mortgage brokers is here help you with any form of Commercial Mortgage you are interested in.
Regardless of your situation or the scenario you are in, just give us a call on 01738 583008 and we’ll help find the right solutions for you.
A commercial mortgage can be a great solution if you're looking to invest in your business long term. With your own premises, you'll be given more flexibility as you run your business, and will feel the benefit of lower monthly repayments and better interest rates than other business loans. Sounds great, right?
However, these types of mortgages can be a bit tricky to find and define as they don't come as an "off the shelf" style product. Each loan will be shaped and catered to your exact circumstances, for example, the nature and size of your business, your budget and even your building.
This means that whether a business mortgage suits you will be dependent on your own specific situation, and they won't work for everyone.
A commercial property mortgage is a loan secured on a premises that isn't your residential property. This is usually commercial property, such as a studio or an office building. Generally speaking, you'll be able to borrow anything over £25,000.
Typically, commercial mortgages are used once a business loan runs out. Sometimes known as a commercial investment mortgage, they're a way for your to continue to run and grow your business without too much financial disruption.
As a medium to long-term loan, commercial mortgages can last between three and twenty-five years.
Business mortgages can be used for a number of different property types, including:
There are two main types of commercial mortgages available on the market. Choosing an appropriate product that is the best deal for you can be complicated, so it's vital that you seek the advice of a qualified commercial mortgage broker like The Lending Channel.
This loan will be used to buy premises that your business will trade from. This could be your existing property or a brand new place.
A commercial investment mortgage can be used to buy a property that you intend to rent out to other individuals or businesses. You'll need a special buy to let commercial mortgage if this is your intention.
Seeking property to let can be a very fruitful way of making money, but it does come with its risks.
Business mortgages are characterised by a few key features:
Firstly, a commercial mortgage allows you to take the money you would be paying on rental and invest it into your business. Rental payments tend to be more expensive than mortgage repayments, and so it's likely you'll benefit from reduced monthly payments, too.
The interest on your commercial mortgage is tax-deductible, which can help to bring down your annual tax overheads.
Finally, you'll benefit from lower interest rates than more traditional business loans, as commercial mortgage providers consider them less risky.
You'll need to consider a number of fees when taking out a commercial mortgage. These include:
When contemplating whether this product is for you, you should consider a few of the following factors:
All in all, a commercial mortgage property loan can be extremely profitable and convenient for some, whilst completely unsuitable for others.
The absolute best way to determine whether or a commercial mortgage property loan will work for you is by seeking the professional advice of a registered mortgage broker, like The Lending Channel.
We are a specialist commercial mortgage broker that's experienced in all kinds of complex loans, so no matter what your circumstances are we'll provide you with reliable, no-obligation mortgage advice.
Commercial mortgages require a degree of negotiation and by using our expertise and industry contacts, we feel confident that we can find the best commercial mortgage deal for you.
The Lending Channel is fully authorised and regulated by the Financial Conduct Authority (FCA) and an accredited member of the National Association of Commercial Finance Brokers (NACFB).
If you are not a direct client looking for a lending solution, perhaps you are interested in introducing business to us? If so, please call now on 01738 583008 for more details, or follow the Introducers Link.
The Lending Channel are fully authorised and regulated by the Financial Conduct Authority (FCA) and are an accredited member of the National Association of Commercial Finance Brokers (NACFB) – the national trade body for brokers who arrange finance for businesses. It operates a professional Code of Practice, giving you complete peace of mind.