Commercial Mortgages.
Commercial mortgages or business funding is probably the best way to finance the purchase of buildings and land for business purposes, it provides the most flexible and affordable financial solution.
Commercial funding may be sought to purchase or re-mortgage:
- A new business or business property
- An existing business or business property
- A semi commercial property (i.e. a business with a residential area such as bed and breakfasts, retail units with living accommodation above, etc)
- Raise funds for vital refurbishment, machinery, stock or capital to expand your business
- Restructure finances and repay debts
If you are looking for commercial finance, most business people make the
mistake that the terms offered to them by their bank are representative of the market.
This
could be a big mistake!
Commercial mortgages are specialist due to the fact the lender has a legal charge over the property until the mortgage is repaid in full. Although they often come with higher interest rates and more variables than residential mortgages, commercial mortgages are more flexible and can carry extra incentives for borrowers.
There are a number of factors whereby researching your commercial funding could improve the proposition, including:
- The rate - another lender may be offering something more competitive
- The fees - lenders do not all charge the same fees
- Restrictive Covenants - restrictions applicable, differ between lenders
Contact us, to discuss your proposition further.
Your home may be repossessed if you do not keep up repayments on your mortgage
Commercial Mortgages (including most buy to let mortgages) are not regulated by the Financial Services Authority.
