COMMERCIAL AND SEMI-COMMERCIAL MORTGAGES
A commercial mortgage or business 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
Commercial mortgages are a fast a simply way to finance a new business project or the purchase of new land or property for your business. Commercial mortgages are also used to purchase an existing business, such as retail units, factories or even farms.
A Commercial mortgage is like any other secured property loan, a commercial 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.
Commercial Mortgages are also used to buy existing businesses consisting of property or land for development. The types of businesses a Commercial Mortgage can be use to buy include pubs, restaurants, night clubs and shops. These are businesses which are normally sold along with the property.
The product can be used for any purpose including:
- New business start-ups
- Business turnaround solutions
- Short Term Finance and debt consolidation
- Working Capital raising
- Property inprovement
- Business expansion
The Commercial Mortgage is a specialist market for many small to medium sized businesses, sole traders, partnerships and self employed, which are often overlooked by the high street lenders.
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
Please fill in the form below to get a decision in principle:
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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