Commercial Mortgage
Secure the capital to purchase, remortgage, or invest in commercial property
When buying commercial property, whether to trade from or as an investment, you’ll want a competitive commercial mortgage. Lower mortgage costs mean higher profits, so getting the right deal is essential. We’ll help you find and secure it.
Finding you the right commercial mortgage
The right commercial mortgage will depend on your personal circumstances, how you plan to use the property, your deposit amount, your business stability and the loan term. Considering these factors, we’ll research mortgage deals and loan options. Our comprehensive search covers mortgage products from the high street along with specialist and intermediary-only lenders. When it comes to finding you a commercial mortgage, we leave no stone unturned.
Our mortgage evaluation process looks beyond the introductory rate and considers the fees and risks. This approach ensures your loan makes financial sense in the long term as well as the short term. When we’ve found the right mortgage for your needs, we’ll handle the whole application process, saving you time and inconvenience. Also, our insight into what lenders look for from an applicant will ensure you get the finance you need.
Whatever the type of commercial property you plan to buy, we can help you get the funding you need. We source commercial mortgages for all property types – from office buildings to warehouses, care homes and shops.
Get in touch for an initial free, no-obligation chat with an adviser about the most suitable commercial mortgage option for you.
Commercial Mortgage FAQs
What is a commercial mortgage?
A commercial mortgage is a loan secured by non-residential property. You can use a commercial mortgage to purchase a property you plan to trade from or rent out.
What is the difference between commercial and residential mortgages?
Commercial mortgages work similarly to residential mortgages but with a few differences. The main distinction is that the property which acts as security must be used for commercial business only or a mixture of commercial and residential use. Commercial mortgages usually have higher interest rates, and the decision-making focuses more on the property’s income potential and the borrower’s business financials than personal creditworthiness.
What properties require a commercial mortgage?
Properties that have a commercial purpose will require a commercial mortgage. These include office buildings, warehouses and industrial units, retail centres and shops, care and nursing homes, medical surgeries, hotels and guest houses, and apartment buildings.
How do commercial mortgage lenders assess an application?
A commercial mortgage lender considers the borrower’s income and the tenants’ business when assessing an application. Lenders typically look for a good credit history, solid business financials and a significant deposit.
What deposit will I need for a commercial mortgage?
The minimum deposit for a commercial mortgage is 25%. The exact level will depend on the property, the financial strength of the borrower or tenant, the potential rental income (if it’s to be let) or the affordability (if it’s to be owner-occupied).
Why use a broker for a commercial mortgage?
Few lenders offer commercial mortgages, and several are intermediary-only, so you can’t access them without using a broker. Using a broker gives you access to a broader pool of lenders and products. Also, a broker is experienced in structuring an application and negotiating deals to secure the best rates.
