If you’re looking for a commercial mortgage then we at Independent Mortgage Brokers are here to help and guide you through the mortgage for business process. Taking on a commercial mortgage is a decision not to be taken lightly, there are many advantages but also some hurdles to overcome too. We at Independent Mortgage Brokers provide commercial mortgages for all types of businesses, such as commercial finance for factories, offices, retail premises such as shops or takeaways or even public houses, clubs, restaurants and other hospitality venues. They could also be used for or even some types of buy to let properties.

You can also get a commercial mortgage on a property that has a residential element to it such as a flat over a shop. Here at Independent Mortgage Brokers, we can help you find the right commercial mortgage for your circumstances.

You may require a commercial mortgage or commercial finance for expanding your already trading business, you may wish to raise extra working capital, or you may be focussed on finding a business turnaround solution. Taking on a commercial mortgage could potentially also be used for short-term finance or maybe business debt consolidation, business property improvement or purchasing a completely new business or a start-up company.

Many of the commercial mortgage deals we at Independent Mortgage Brokers arrange are held in against a limited company, partnerships or can be held by individuals. Security and or guarantees may be requested by the individual lenders. Please talk to your dedicated Commercial Mortgage Broker for further guidance. It would be necessary to obtain specific tax advice before taking on any commercial finance.

 

Generally, in the commercial mortgage market the maximum borrowing for any commercial mortgage tends to be lower than that of a residential mortgage – typically 65% to 75% of the properties purchase price or value. Whereas on a residential mortgage deal you may be eligible to secure a 95% loan to value mortgage.

 

It is important to remember commercial mortgages are not regulated by the Financial Conduct Authority.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments

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