How to choose a commercial mortgage
If you need a mortgage to buy a non-residential property for your business, you’ll need to get a commercial mortgage. Although similar to residential mortgages, there are a few differences that you may not know.
Commercial mortgages are available to all applicant types; individuals, partnerships, limited companies, trusts, pension schemes, complicated and layered company structures, including situations where the property is owned by or to be purchased in the name of the directors and rented to their business.
We can arrange funds up to 77% of property value for many property types, even up to 90% and funding into business goodwill for certain sectors. Interest-only and part-repayment options are also available with terms up to 30 years. (Certain professional practices can be financed to 100% of property value plus goodwill funding.)
The most competitive terms are available for established businesses with strong trading accounts, however we can also arrange finance for start-up or newly formed businesses where a robust plan is in place.