A Commercial mortgage is used for the purpose of purchasing or remortgaging a commercial premises. You can also use a commercial mortgage to purchase investment properties. Commercial mortgages are provided by standard high street lenders, challenger banks and other financial institutions.
The Banks look to make funds avaliable and consider the following in doing so:-
Interest rates can start as low as 1.9% above Bank of England Base Rate but when deciding the interest rate the Banks take into account the Lending Criteria.
Commercial mortgages can have a positive effect on asset appreciation, over the term of your loan it is likely that the value of the building will increase.
As an experienced Commercial Mortgage Broker we can help you achieve your goals with up to 100% LTV achievable with additional security and the most competitive rates are guaranteed. Adverse accounts and credit history problems can be accounted for.
Due to the fact that this is an ever changing market place it is always worth calling 1st Commercial Funding to discuss the possibilities of a loan being accepted and to ascertain the appetite of the lenders.
We are ready to listen to your requirements, call now for free, no obligation quotation