Buy or re-finance Commercial Property with a Commercial Mortgage

With interest rates starting from 2.5% over BBR on commercial mortgages

If you’re purchasing Commercial Property for your own occupation, to lease, via a SIPP as a longer-term investment or perhaps you wish to refinance an existing property then speak with our Commercial Mortgage experts.

As commercial finance broker’s we have ready access to all the commercial mortgage lenders that are actively seeking to lend, from £50,000 to £30 million. We’re able to access for our clients the most competitive rates in the market with terms up to 30 years.

Commercial Mortgages

There are 2 types of commercial property mortgage, being Owner Occupier Mortgages are when the business uses the property itself and Commercial Investment Mortgages are where the property is rented out to one or more business tenants, similar to a buy-to-let mortgage.

The majority of Lenders will consider Commercial properties with either Freehold or a long Leasehold favourably, properties with a short Leasehold remaining may be more difficult to secure funding on.

Typically a commercial mortgage will be up to 75% loan to value (LTV) of the open market value (OMV) of the property.

Semi Commercial Mortgages

Semi commercial property mortgages follow the same rules as commercial property mortgages but where you have a business downstairs and living accommodation upstairs, as seen in many towns and villages the length of the country.

At Wattsford Commercial Finance, we can secure both capital and interest repayment and interest-only mortgages.

As your Commercial Finance Brokers, we’re also able to provide advice on:

VAT on Commercial Property

We may be able to provide a Commercial Property VAT Loan that allows you to raise short-term finance to cover the VAT element due on the purchase of commercial property should this be required.

Tax Relief

There are 2 types of Tax Relief that may be available on commercial property, being:

  • Capital Allowances Tax Relief offsets the hidden expenditure in your commercial property. Typically, this includes elements such as air conditioning, wiring, heating, lighting and security systems – essentially everything that would remain in the building if you tipped it upside down!
  • Remediation of Contaminated Land Tax Relief is for land and property owners, including leases granted of at least seven years in length, or those with at least seven years left to run on an assigned lease, may claim this relief for expenditure incurred on removing or treating contaminants in the land or property, such as asbestos, radon and Japanese Knotweed, or for bringing land that has been derelict for a long time back into use.

Partnering with you

As your commercial finance broker, we will fully assess your needs when it comes to which commercial mortgage is the best fit for you which will include confirming the ability to repay a mortgage prior to seeking to broker your deal.

If you are currently occupying a commercial property as a tenant and running a profitable business, then we can offer special rates and generally a higher loan to value.

Speak to a Property Specialist today

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