Commercial Mortgages

Experienced commercial mortgage and business finance brokers

We specialise in all types of commercial lending and have access to all major and specialist lenders and partner with brokers UK wide, so we can provide the best deal for all types of commercial finance.

With years of experience as a leading commercial mortgage provider we can help you secure the right business finance.

Commercial Mortgage - The Basics

A commercial mortgage is simply a mortgage with which a company or an individual can purchase a business property, either for their own use or to lease to a third party.

With this type of commercial loan, the mortgage provider retains a legal claim over the property until the loan has been paid back.

Commercial mortgages from us can be obtained to allow the purchase of a wide variety of business properties, including:

• farms and other agricultural properties
• land for development
• pubs, hotels, guest houses and bed and breakfast establishments
• restaurants and fast food outlets
• leisure industry properties
• general industrial properties, including warehouses and factory units
• office accommodation
• retail units
• commercial buy to let properties

A commercial mortgage can also be used for the development or refinancing of an existing business, for example:

• expansion or refurbishment of a business property
• buying out a partner’s share of a business property
• current tenant purchasing the freehold of a business property
• consolidation of existing loans at a lower rate of interest

How Much Can Be Borrowed Using A Commercial Mortgage?

The amount that financial institutions are normally prepared to lend as commercial mortgages depends on several factors including:

• value of the property
• size of deposit to be contributed by the mortgage applicant
• maximum loan to value (LTV) ratio that the lender will sanction for the type of property
• the mortgage applicant’s business plan

 

 

 

 

Most lenders will offer a maximum loan-to-value ratio (LTV) of 70% of the value of the property when making a commercial mortgage offer however we can provide up to 80% LTV, but mortgage providers’ lending policies do vary.

For example, few lenders would offer a mortgage of more than 50% of the value of the property for the purchase of a holiday caravan park, whereas for the purchase of a profitable restaurant business a mortgage of up to 80% LTV could be available.

100% mortgages may be obtainable by some borrowers, if they are able to provide additional collateral, but the rate of interest charged is likely to be higher than for a mainstream commercial mortgage.

Summary

• A commercial mortgage is a mortgage with which a company or an individual can purchase a business property,
• Commercial mortgages can be used to purchase a wide variety of business properties.
• Most lenders will offer a maximum LTV of 70% on commercial properties.
• We can help with all commercial finance needs contact us today for a fast response.

Call Us Today on 0845 872 5417

You can be assured of a high level of Service when you call us. Our team of Business Managers manage your loan application to completion giving you a single point of contact for all matters.