Commercial Mortgage Brokers
Buy or re-finance Commercial and Semi-Commercial Property
With interest rates starting from 2.5% over BBR
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 a Commercial Mortgages experts.
As award-winning commercial finance brokers 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.
There are 2 types of commercial mortgages, 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.
Semi Commercial Mortgages
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 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.
Capital Allowances Tax Relief
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!
All UK taxpayers that own commercial property, personally or within an Ltd Company, may be eligible to claim Capital Allowances tax relief. The eligibility and value of the claim depends on multiple criteria and assessing this can be complicated, however, we can take this stress off your hands.
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.