When are commercial mortgages applicable?
Commercial mortgages can be arranged for the purchase or re-mortgaging of property that is primarily used for commercial or business use.
Alternatively commercial mortgages can be used as a way of investing (commercial buy to let).
Whether you need to buy a new building or release the equity from your existing one, a commercial mortgage could be the answer.
Typically to purchase, re-finance or expand businesses.
Property may increase in value, business capital will go up and interest repayments on a commercial mortgage are tax deductable.
Enables you to NOT have unexpected rent increases but, obviously, monthly repayments could go up if you have a variable rate deal.
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?
Many thanks for all your help in getting both mortgages over the line. I really appreciate your concerted efforts to solve all the problems that arose & apologise for my frantic mails and calls to you both. Rest assured I will certainly come back to Charleston again and feel free to have anyone refer to me in respect to explaining my experience in dealing with you all
Some of our Lending Partners
