What is a Commercial Mortgage?
Commercial mortgages (also known as business mortgages), allow business owners to borrow money that is needed to buy property or land for their business. This type of mortgage is a loan secured on a property which isn’t your personal residence.
They are similar to a residential mortgage, however one of the main differences between a commercial mortgage and a residential mortgage is that the value of the land or property is usually much larger.
What can they be used for?
Commercial mortgages are commonly used by business owners who want to own the premises where their business is based, investors who want to buy a property to lease to another business, or even a residential property owner who wants to buy multiple properties and rent to tenants.
How do I know if a Commercial Mortgage is right for me?
Perhaps your business has outgrown the current office space that you are renting, the landlord has proposed a painful hike in rent, or you might be considering buying a larger/additional premises.
Seeking advice and guidance from a financial expert is the best place to start. While it may be tempting to stick with your current lender for convenience, our specialist panel can ensure you get the best deal possible for your commercial mortgage. They will work with you to source a mortgage that is tailored for your required needs.
Please note:
Our Commercial Mortgages service is arranged by introduction to a panel of specialist lenders & packagers.
