Can I mortgage leasehold and freehold properties?
There are no limitations on mortgaging freehold commercial properties
Typically a commercial mortgage can be raised on a leasehold property as long as there is more than 40 years remaining on the lease (for most lenders).
A commercial mortgage can be available for both licensed and unlicensed HMO’s (House in Multiple Occupation). However, if it is licensed, this license must be made available.
Commercial Mortgage Guide
- What is a commercial mortgage?
- When are commercial mortgages applicable?
- Who can apply for a commercial mortgage?
- What is the Funding for Lending Scheme?
- Where can I find the best deals?
- Can I mortgage leasehold and freehold properties?
- What are typical arrangement fees?
- What other fees might I incur?
- What are the benefits of using a broker?
- What is the typical loan to value ratio (LTV)?
- Why can't I find a table of rates?
- Which properties qualify as commercial?
My solicitor just called me to confirm the purchase is now completed. This is fantastic! My husband and I want to thank you for all your hard work, especially Sue for her professional, punctual and productive work through the whole purchase. This is the 2nd time we work together and has been a very happy one. I will come back to you next time for the next project