Commercial Mortgages
Looking to buy or refinance a Commercial Property?
We have access to some of the most competitive commercial mortgages, with up to 60% LTV
If you’re purchasing Commercial Property for your own occupation, to lease, via a SIPP or SSAS as a longer-term investment or perhaps you wish to refinance an existing property then speak with a Commercial Mortgages expert.
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.
The types of commercial mortgages are either an Owner Occupier Mortgage or Commercial Investment Mortgage.
An Owner Occupier Mortgage is where the property is used by the business owner to run the business from.
A Commercial Investment Mortgage is where the property is rented out to one or more business tenants, similar to a Buy to Let Mortgage.
What are Commercial Mortgages
Commercial mortgages are for properties where the whole property is used for business purposes. A semi-commercial mortgage is where there is a combination of both commercial and residential use.
Trading business mortgages are also available where the property along with the business are being purchased.
This can also include goodwill, fixtures and fittings.
Commercial property and land falls into different Use Classes as defined by the Town and Planning (Use Classes) Order.
For more information on Use Classes visit the Planning Portal.
Typical lending criteria – commercial mortgages
- Up to a maximum of 30 years, dependent on the lender.
- Maximum loan to value 60% – there may be lenders willing to go above 60%
- Maximum age of 85 at the end of the mortgage based on the oldest applicant.
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.
Some benefits of using us
Property valuations, insurances, legal support and much more are available through our Business Support Services.
We will fully package and submit your commercial mortgage proposal to ensure the most competitive rates and terms and ensure that your funding application is processed quickly and efficiently in order that funds are available in the shortest possible time.
Our offer
We offer our clients a true ‘one stop shop’ facility, our core competence is to provide you a fully managed and professional service that secures the most competitive funding offer available from the entire market.
Whatever your property finance requirements, we offer a free, impartial and totally confidential initial consultation and will quickly assess your funding options.
Business Support – Commercial Mortgages
Capital Allowances Tax Relief can offset the hidden expenditure in refurbishing your 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!
For more information on Capital Allowances Tax Relief, visit Tax Reclaims, a Wattsford Family Brand.
A government-backed Start Up Loan through the British Business Bank may be available to purchase stock provided that you’re either a start up or have been trading for less than 3 years.
For more information on Start Up Loans, visit Business Starts, a Wattsford Family Brand.
