A Commercial Mortgage can be taken out to buy, extend, improve or re-mortgage business or buy-to-let premises.
A commercial mortgage can be a cost-effective way to fund many business activities. They can be used to develop an existing business through the purchase of increased office or factory space. A commercial mortgage can be used to buy an existing business with property attached, and can be used to fund investment in land and property used for commercial purposes.
Commercial mortgage interest rates are usually lower than those charged for other types of unsecured business loan and the repayments are usually made over a longer period, making the funding of the loan attractive to some businesses. Repayments can also be fixed, so you know exactly how much the cost will be each month.
Commercial mortgages are available for a wide range of business needs and development properties. They are commonly used to purchase businesses such as restaurants and pubs where the business and property are sold as one. They are also used to fund business growth, typically for the purchase of additional office space. And they can be used to buy land for business development, such as the construction of retail parks and business units.
Another positive is asset appreciation, over the term of your loan it is likely that the value of the building will increase.
100% of the purchase value is obtainable providing there is additional security. Rates start from as little as 2.25% above the bank of england base rate, and adverse accounts and credit history problems can be accounted for.
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