Posted January 21, 2020

What you need to know about specialist commercial mortgages


A commercial mortgage can be used to purchase property or land which is used for business purposes. As with all types of property loans, it’s advisable to compare commercial mortgage options from a range of different lenders before deciding which lender to commit to. Using a specialist finance brokerage such as Finance 4 Business can be key in achieving this, allowing you to organise a lender comparison and gain access to specialist deals.

There are a few different factors you should be aware of when it comes to commercial mortgages. Regardless of your intentions for the property or land you wish to purchase, it is also worth bearing in mind the following:

Commercial mortgages have many purposes

You can apply for a commercial mortgage for many reasons, but it will be dependent on the type of business you run. Examples of the most common reasons you may apply for specialist commercial mortgages include:

  • Residential investment – letting out a property to residential tenants
  • Commercial investment – letting out a property to businesses
  • Owner-occupied – purchasing property to be used for your own business

The type of commercial mortgage you need will impact the eligibility, affordability and general terms of the loan.

Look beyond the high street

The ideal commercial lender for your needs may not be available on the high street. Conventional banks and lenders do offer commercial mortgages; however, this doesn’t necessarily mean they are the best fit for your needs. Using a specialist financial broker will give you access to funding not available elsewhere such as Interest Only Loan Options, higher Loan to Values and more favourable debt servicing requirements.

All businesses are different and as such, will have different funding requirements. At Finance 4 Business, we understand how this can make it difficult for you to find the right financial solution. We take the time to fully understand your business, its funding needs and challenges in order to identify the most suitable commercial mortgage lender.

With a multitude of options available and access to specialist finance options unavailable on the high street, we can help. Save time and receive continued support by calling an expert on 0121 309 0444.

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