Hotel and Public House |
Bed and Breakfast / Guest House |
Office Premises / Retail Unit (Shops) |
Factory or Warehouse |
Nursing and Care Home |
HMO Mortgage |
Investment Properties and Portfolio Mortgages |
Buy to Let |
Complex Mortgages |
If you are looking to purchase, remortgage or invest in commercial property we are the team of lending experts to help you with any form of Commercial Mortgages. Regardless of your situation or the scenario you are in, just give us a call, and we’ll help find the right solutions for you.
Commercial Mortgages, also known as Business Mortgages, are for those who are purchasing or remortgaging property that will be used as a commercial or business premises. This type of business financing is also available on mixed-use properties, such as those that are part residential and part commercial.
While terms for the repayments on your mortgage vary from lender to lender, some common terms include:
The terms you can expect to see are often determined by the value and/or size of your property or land, as well as the available deposit you have available. One of the tricky aspects of this type of mortgage is watching out for complex clauses or directives which can bring you a greater risk.
To make sure you’re getting the right deal for you, and to ensure you fully understand the mortgage that you take out, give us a call, our team is always on hand to discuss any financial solutions you may be considering.
The typical deposit you can expect to pay for a Commercial Mortgage is around 30% of the property or land’s value.
When applying for a typical Commercial Mortgage, you will need to consider the cost of:
A part-commercial mortgage for a property that is mixed-use. So for property which is half business and half residential, such as flats above a shop or pub, or part-converted offices.
This type of property often does not fall within the terms of a standard or commercial mortgage and so carry their own.
As a standard, you’ll need to be able to fund at least 25% of the property’s value, as commercial lending has suffered badly since the global financial crisis. To meet this funding, however, additional security can be used to increase the lending figure.
High Street banks are now being more restrictive with their lending criteria and lenders will only provide up to 75% loan to value (LTV). This has resulted in many SMEs not being able to refinance existing properties or purchase new ones, effectively stifling the growth or survival of some of these businesses.
As an independent commercial broker, we have partnerships already in place with a number of commercial loan providers, both on and off the High Street.
You can therefore use our skills and expertise to assess your needs and identify the right lending solution very quickly. Any applicable fees will be discussed and agreed upon at the outset of the application and the rate you pay will be driven by the overall strength of your application.
All enquiries are treated on a no-obligation basis. So, if you would like to enquire about a commercial lending facility don’t delay, speak to one of our friendly experts today on 01738 583008.
Alternatively, please complete the loan enquiry form and we will email you some background forms to complete, or we can call you back at a time convenient to you.
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.