A commercial mortgage is a business loan that is secured on a commercial property.
Unlike domestic mortgages commercial mortgages are almost always bespoke in nature. The rates achieved, term and LTV being dependant on the unique situation of the business and owners in question. With so many variables it is vital to gain a thorough understanding of each clients requirements and situation. Only then can the optimum selection be made from our extensive panel of lenders and the best terms negotiated.
There are many alternative lending sources which can provide commercial mortgages. You do not have to rely on your high street bank. With in excess of 50 specialist commercial lenders in the U K , it is a huge task for a business to identify the most suitable arrangement. Let a Business Finance Broker search the market on your behalf to find the best deal for your particular situation.
The interest rate and terms for each commercial mortgage issued are determined by a number of factors which are unique to each business. Naturally the individual performance and nature of the business in question and the credit history of the Directors will have a bearing. There may be many other considerations that play a role. Hence the vital work undertaken by a finance broker to search the whole market place to determine the best possible product for your particular circumstances
There are many types of commercial mortgage available including interest only, repayment, fixed rate and variable. Loan to value LTV rates from 65 to 75 percent may be achievable. Interest rates could typically be one to four per cent above LIBOR.
In many cases where the relevent credit scores are lacking, the business is new, the trading period is not long or the accounts are not available, it may still be possible to find a suitable lender.
Please call 07973 542785 for a no obligation discussion of your particular requirements
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