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What is a commercial mortgage?

A commercial mortgage is a type of loan secured against a property that is primarily used for business purposes. This can include offices, retail spaces, warehouses, or any other type of commercial property.

Businesses often use these mortgages to buy new premises or to release equity from existing properties to fund expansion or other business activities. Unlike residential mortgages, which are typically offered at fixed interest rates, commercial mortgages often have variable rates and terms that are specifically tailored to meet the needs of the business.

The lending criteria for these mortgages are based on the business’s ability to repay the loan, assessed through its revenue streams and creditworthiness.

Commercial mortgages are complex due to the variables involved, including the type of property, intended use, and the financial health of the business.

Its not all about houses. We can arrange mortgages for all kind of commercial and business premises. From Accountants to Care Homes, we have access to the whole of the commercial finance marketplace

Types of Commercial Mortgages

It can be a real challenge to keep up to date with the changes and the complexities of specialised mortgages. Each type requires a nuanced understanding of both the market and regulatory environment.

An owner-occupied commercial mortgage is a type of loan for businesses that want to buy a property they’ll use for their own operations. It’s different from other commercial mortgages where you might buy a building just to rent it out to others. With an owner-occupied mortgage, your business is the one actually using the space.

A commercial investment mortgage is a loan you get to buy a property specifically to make money from it, not to use it yourself. Think of it like this: instead of buying a building for your own business, you’re buying it to rent out to other businesses. It’s all about making a profit from renting or even selling the property later on.

Development finance is a type of loan specifically for funding property projects from the ground up. It’s what you need if you’re looking to build something new or substantially renovate an existing property. This could be anything from constructing a block of apartments to transforming an old warehouse into trendy office spaces.

A bridging loan is like a financial life-saver when you need quick cash to fill a gap. Think of it as a short-term loan to help you bridge the gap between one financial situation and another. It’s typically used in the property world when you’re buying a new property but haven’t sold your old one yet, or buying at auction where you need to raise the funds quicker than arranging a traditional mortgage.

A semi-commercial mortgage is a type of loan for properties that are part business and part residential. Think of it as a hybrid mortgage that caters to mixed-use buildings. These properties might have a shop or office on the ground floor and apartments above.

An agricultural mortgage is a type of loan specifically designed for buying or refinancing farmland and other agricultural properties. If you’re a farmer or looking to get into farming, this is the kind of mortgage you’d be interested in. It’s tailored to meet the unique needs of agricultural businesses.

We help prepare financial projections, manage risks, and provide tailored financial solutions that align with each client’s goals, ensuring a comprehensive support system that empowers them to make informed decisions and manage their mortgage commitments successfully.

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