Development and Refurbishment – 90% Loan to all Costs available – Terms available for Professional Developers & First-time Builders
Commercial Mortgages – Up to 82% LTV (100% in specific cases) Rates start at 1.90% over base rate. Terms up to 30 years with Interest-Only Options
Bridging and Short-term Finance – Short-term from 0.42% pcm (min 24 months) – Bridging Rates available from 0.43% pcm – Available for Auction Purchases

Commercial Mortgages for Shops and Retail Units

Commercial Mortgages for Shops and Retail Units

Including property with living accommodation, multi-unit property, or an element of property investment, there are terms available to assist with all enquiries.

Funding options are available up at 82% Loan to Property Value. Additional debt terms also available through other avenues where this is insufficient to meet the clients’ requirements.

Terms can be structured up to 30 years, however we find most clients prefer to utilise 5 years to 25 years as these can often include lower interest rates.

There are also additional options available where part of the property is let to a third party tenant, whether that be residential income via an AST or other commercial tenants, this can sometimes assist clients in obtaining the terms they require.

Recent cases have included; convenience stores, clothing or fashion units, carpet and home furnishing and businesses which frequently handle cash transactions such as hairdressers.

What’s required for an assessment? Whilst we can often quote on the first call or in response to the initial email with outline terms available, in order to allow a member of the team to fully appraise an enquiry, it is very useful to have the following information available:

  • Latest accounts
  • Expected Property Value
  • Required Loan amount
  • Proposed use of funds (i.e. purchase, remortgage)
  • Indication of client experience in the relevant sector and also an understanding of the business itself

Whilst more information will be needed in due course, the information above will allow an initial appraisal and an indication of financial terms to be outlined.

Please note this is not an exhaustive list, most property types can be funded. It may also be possible to arrange commercial mortgages for applicants with previous credit problems.

To find out how we can help, please enquire here or give us a call.

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