Expand your business through a commercial lending mortgage
Whether you’re expanding or deciding on the official first location for your business, we’ll help you find the most suitable commercial lending deal to suit your needs.
How we can help with your Commercial Lending:
Get the most suitable rates for any commercial purpose
With unrestricted access to multiple lenders and our in-depth understanding of the market, we can offer unbiased advice as well as recommendations tailored to you and the needs of your business.
Residential investment
We’ve helped multiple investors secure commercial lending mortgages for their HMO properties thanks to our long standing relationships with leading specialist lenders in the market.
Securing your commercial premises
Owning the property your business operates out of offers enhanced business stability. Our thorough market knowledge and specialist advice is your most suitable asset when it comes to securing the loan to get you there.
Let us find a Commercial mortgage for you
Speak to one of our friendly advisers today, and download your credit report via 'Check my file', to kick start the process.
Product FAQs:
The primary difference between a commercial mortgage and a personal mortgage lies in their intended purpose. A commercial mortgage is used to purchase business property or land, while a personal mortgage is meant for buying a residential home. Additionally, commercial mortgages often involve larger amounts, as the size or value of the property or land associated with business transactions tends to be greater than that of residential properties.
In summary, the main distinction between a commercial mortgage and a personal mortgage is the purpose they serve, with the former being used for business properties and the latter for residential homes. Commercial mortgages also generally involve larger loan amounts due to the size or value of the properties involved.
Commercial mortgage lenders focus on the business’s income and its ability to repay the loan when evaluating loan applications. This involves reviewing the business’s past accounts, current performance, and projected future income. When applying for a commercial mortgage, you may be asked to provide a comprehensive business plan and detailed accounts to help the lender assess your business’s financial stability and repayment capacity.
In summary, commercial mortgage lenders primarily look at the business’s income, past performance, and future earning potential to determine its ability to repay the loan. Applicants may need to submit a business plan and detailed accounts to support their application.
Yes, it is possible to obtain an interest-only commercial mortgage when purchasing a property for your business. This type of mortgage allows you to pay only the interest on the loan each month, rather than making payments toward both the interest and the principal amount. Interest-only commercial mortgages can offer lower monthly payments compared to capital repayment mortgages, providing businesses with more flexibility in managing their cash flow.
In summary, interest-only commercial mortgages are available for businesses looking to purchase property, offering an alternative to capital repayment mortgages with potentially lower monthly payments.
