Commercial Mortgages
Mortgages
Mortgage advice that’s as unique as you are
Whether you’re buying your own trading premises, expanding into a new site, or investing in commercial or semi-commercial property, a commercial mortgage needs to work as hard as your business does. There are many different lenders and products to choose from, so it is important to get the solution that is most suitable for your circumstances.
To help you make the right decision we have put together our Top Tips for commercial mortgages:
How much can my business borrow?
Lenders will look closely at your business accounts, trading history and projected income to work out how much you can comfortably afford to repay. A realistic budget, backed by solid financials, will help secure the right level of borrowing.
How much deposit will I need to put down?
Commercial mortgages typically require a larger deposit than residential lending, often between 25% and 40% of the property value depending on the type of business and property. The more you can put down, the more competitive the rates on offer are likely to be.
Have you considered the extra costs?
Beyond the purchase price, you should budget for valuation fees, legal costs, stamp duty, and any fitting out or refurbishment works the premises may need before you can trade from them.
Know what to look for with the property.
Commercial premises come with their own considerations, from planning use classes to lease terms if there are existing tenants. Always take professional advice before committing.
Owner-occupied or investment?
The type of commercial mortgage you need will depend on whether you plan to trade from the property yourself or let it out to generate rental income, so it’s important this is clear from the outset.
Business structure matters.
Whether you’re a sole trader, partnership, or limited company will affect which lenders are available to you and how the application is assessed, so we’ll take this into account from the very start.
Remember a commercial mortgage is a long term commitment for your business, and there are lots of different products available, so it is important you get the right solution for you.
With you every step of the way
Why choose us
Convenient Appointments
We understand life can be a little hectic at times, that’s why we make convenient appointments to suit you.
No Obligation Advice
Our initial chat is free and there is no obligation to proceed with us if you are not entirely satisfied with the mortgages we recommend.
Mortgages To Suit You
With You All The Way
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Protecting What Matters
Working with us
We’re with you every step of the way
With over 25 years of financial services experience, from mortgages to protection, our varied industry knowledge will cater for any financial circumstance you find yourself in.
Happy customers
Always listening to our customers, our post-completion surveys ensure we are constantly improving.
Industry knowledge
Our experienced team have completed hundreds of applications to date and it continues to grow day on day.
Financial expertise
Service is key
Our mortgage process
The introduction
We start by getting to know you and your requirements. Here we assess your incomings, outgoings and setting a budget.
Product match
Lender agreement
Next up we provide you with an agreement in principle from the lender and then submit the mortgage application for you.
Completion time
Mortgages
With access to hundreds of products, we’ll help you secure the right product tailored to your circumstances.