Commercial Mortgages

Like most other forms of borrowing, raising money to buy commercial properties has become a less onerous prospect than it was years ago.

Many new lenders have entered the commercial loan market and you may no longer be just reliant upon your own high street bank or other high street lenders.

Because of the influx of extra competition in the market, Not only have commercial mortgage rates become more competitive than they were.It is now possible to arrange up to 90% finance to purchase your commercial property and interest rates on commercial loans can be as low as 1% over Bank of England base rate.

It is even possible to borrow up to 75% of the value or purchase price of the property without the need to provide the usual 6 months bank statements and 3 years accounts (this is called non-status commercial lending).

These deals may however not be available to all potential borrowers.

Due to the more complex nature of commercial finance, it is advisable to use the services of a mortgage broker with many years experience in the commercial mortgage field.

 

 

The Financial Services Authority does not regulate some aspects of commercial mortgages.

For more information on commercialor development mortgages fill out the online form or telephone the number below.

Your property may be repossessed if you do not keep up repayments on your mortgage.