Commercial Mortgage

commercial mortgage

We aim to get you the very best commercial mortgage possible, from a range of UK lenders, and save you time and money…

What is Commercial mortgages?

A commercial mortgage helps business owners and investors buy commercial property. Commercial loans are different from buy to let and residential mortgages. They are far more complex to organise and lenders want a lot more information prior to making a mortgage offer.

Who will be held responsible for commercial mortgage payments?

A commercial mortgage helps business owners and investors buy commercial property. Commercial loans are different from buy to let and residential mortgages. They are far more complex to organise and lenders want a lot more information prior to making a mortgage offer.

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%.

Commercial and semi-commercial property types

Below are examples of properties that you might use a commercial mortgage to buy:

Commercial property

  1. Warehouse
  2. Office
  3. Shop
  4. Restaurant
  5. Garage
  6. Leisure centre
  7. Hotel

Semi-commercial property

  1. Flat above shop
  2. Multiple rental properties and business on one plot
  3. Residential home and business on same plot
  4. Terrace with houses and business premises

Ready to apply for a commercial mortgage?

There’s a lot to consider when it comes to getting a remortgage quote. That’s why we’ve tried to make the process as easy as possible for all homeowners.