Is experience required to secure a commercial mortgage?
For investors yes, experience as a landlord will impact the loan amount a lender will offer.
The loan to value (the proportion of the property value that can be borrowed from a lender) is affected by the investor’s experience as a landlord.
If the landlord is buying a commercial property that they will be operating their own business from, their experience of working in that sector of industry will also affect the loan to value they can achieve.
It is possible to secure a commercial mortgage on a building intended for occupation by a start-up business.
Some industries will only achieve a loan to value, of say 50%, where others will go up to 60%-75%.