More SMEs expected to purchase premises

Commercial property VAT loans

A sharp increase in commercial property sales is expected with SMEs looking to acquire their premises rather than rent. Rising business costs, including rent and associated charges, are driving business owners to buy their properties and acquire a freehold asset, rather than navigate a fluctuating rental market and uncertainty of tenure.

The data comes from a survey by Allica Bank, one of the many commercial lenders that we have on panel,  that revealed that many businesses were also taking action to protect against future interest rate rises, with more than half of commercial mortgage brokers surveyed saying there is demand among their client-base for 10-year fixed rate mortgages, while five-year fixed terms were in significantly higher demand than two and three-year terms.

Nick Baker of Allica Bank said: “It shows once again how vital the support of a broker can be in helping businesses find the right products to achieve these goals.”

Allica Bank, Press Release  

To see how Wattsford Commercial Finance can support your business with a commercial mortgage, please Contact Us, or for more information please visit our Commercial Mortgages web page.
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