Commercial Mortgages
What is a commercial mortgage?
A commercial mortgage is used for the purposes of purchasing or re- mortgaging a commercial premise. You can also use a commercial mortgage to purchase investment properties. Commercial mortgages are provided by high street banks, challenger banks and other specialist lenders.
Commercial Mortgages are available to Business Owners (owner occupiers) and Investors.
Commercial mortgages can have a positive effect on asset appreciation. Over the term of the loan it is likely that the value of the building will increase.
Lenders providing commercial mortgages would normally adhere to the following criteria:
- Loan to value
- Credit scoring
- Serviceability
- Sector experience
- Type of property
- Sector type
- Unusual property
- Leasehold upscaling to Freehold
- First time purchaser
- Adverse credit can be considered
Advantages for choosing a commercial or semi-commercial property
- Commercial tenants will usually sign longer leases
- Scheduled rent increases
- Less rent voids
- No maintenance
- High rent yields
- Stronger covenants
- Greater stability
- Attractive interest rates
- Interest only or amortised
Finance Solutions is a trading style of Paramount Commercial Finance Limited (FRN:755216) who are credit brokers and appointed representatives of White Rose Finance Group Ltd (FRN:630772) who are directly authorised by the Financial Conduct Authority.
PLEASE MAKE BORROWING DECISIONS CAREFULLY, PROPERTY OR OTHER ASSETS OFFERED AS SECURITY MAY BE AT RISK IF YOU CANNOT KEEP UP WITH REPAYMENTS.