FAQ

A commercial mortgage/re-mortgage is similar to a residential mortgage except that the security for the loan is a commercial building or other business property or land rather than residential property. Commercial mortgages are also typically taken out by businesses instead of individual borrowers. The borrower may be a sole trader, partnership or limited company, so assessment of the creditworthiness of the business can be a little more complicated than is the case with residential mortgages.

Buying your business premises with the help of a commercial mortgage means that you/the business will own the property and could therefore benefit from any rise in its value over time. Commercial interest rates are generally deemed to be less volatile than commercial rents and therefore can offer more stability in relation to management of future cash flows. Many businesses require finance at some time or other during their existence whether it is to expand, buy another business or buy new equipment etc. Releasing equity from a business property via a commercial mortgage can be a relatively cheap way of raising the necessary funds for these types of transaction. Raising funds from property that the business owns, avoids the potential of having to give up a valuable share of ownership of the business that can occur with other financing methods. The interest payments on a commercial mortgage are tax deductible against your business profits.

Pretty much any commercial property that you or your business owns will meet the requirements for a commercial mortgage. The list below gives a good idea of the most common types of property but is by no means exhaustive. Contact us today and find out how much you can raise on your business premises.

• Hotels, Guest Houses and Bed & Breakfast Accommodation
• Pubs & Restaurants
• Shops and Retail units
• Shops with Living Accommodation
• Blocks of Flats
• Light Industrial Units
• Factories and Warehouses
• Development Land
• Farms and Land
• Doctors’ & Dentists’ Surgeries
• Accountants’ and Solicitors’ Practices
• General Office Buildings
• Nursing and Rest Homes
• Garage workshops and Car Showrooms

We can arrange commercial mortgages from £25,000 up to £10,000,000. The amount available to you and your business will be very much dependent upon the value of the property being mortgaged. Contact us today and let us find Your Commercial Finance Solution.

Our experience shows that the most common uses are listed below but don’t worry if your reason for needing funds does not appear, you can generally use the money raised for any legal purpose.

• Paying off expensive loans or credit and reducing monthly outgoings
• Expanding your current business
• Acquiring a new business
• Starting a new business
• Buying essential new equipment
• Purchasing new business premises
• Purchasing investment property
• Improving your current business property
• Raising working capital

This very much depends on the complexity of your case. For a very straight forward commercial mortgage it can take as little as 10 to 15 days to complete. This timescale may vary if there are complex or non-typical situations but whatever happens we will work as hard as we can to achieve Your Commercial Finance Solution within your required timescales.

Whether you have had credit issues in the past, County Court Judgements (CCJs) or Individual Voluntary Arrangements (IVAs) there are still mortgages available and we should be able to help you. So contact us now for a no obligation chat about Your Commercial Finance Solution.