BUSINESS MORTGAGE
A business mortgage or commercial mortgage is long term finance secured by a first legal charge over commercial or business property. Typically the can include a wide varity of property including:
- Retail units
- Industrial units, factories, offices, warehouses, lock-up, workshop units
- hotels, guesthouses, public houses, bars, restraurants
- farms, equestrian centres, riding schools
Business mortgages are a fast a simply way to finance a new business project or the purchase of new land or property for your business. Business mortgages are also used to purchase an existing business, such as retail units, factories or even farms.
A business mortgage is like any other secured property loan, a business mortgage entitles the lender to have legal claim over the property until the loan has been fully repaid. The commercial property or land can be repossessed and sold if the repayments are not made, in order to repay the outstanding mortgage balance.
For borrowers looking to raise between £50k and £2m, our process is geared towards being simple, quick and flexiable.
Our mortgage products are available with terms up to 30 years, generally up to 85% LTV (for transactions up to £500k) and we also have an option for self certification of income.
We provide a mortgage product and therefore the advance is made against the market value of the property.
It is possible to lend up to 90% of the purchase price for sitting tennents purchasing at a discount (subject to this not exceeding our LTV restrictions on valuation) and 100% advances can be made with additional security (either residential or commercial property) from the borrower.
- Up to 85% LTV (100% with additional security)
- Self Certification of income option available
- Terms from 10 - 30 years
- Advances from £50k to £2m
- 3 year Interest Only Period
- Adverse credit considered
Your home may be repossessed if you do not keep up repayments on your mortgage.
All loans and mortgages are secured on property. Think carefully before securing other debts against your home.
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