Commercial Mortgages
Financing solutions for business properties from £150k to £15m
What is a Commercial Mortgage?
A commercial mortgage is a type of loan specifically designed for businesses and investors to purchase or refinance commercial properties.
Property Types:
- Office buildings
- Retail spaces
- Industrial units
- Hotels
- Warehouses
- Takeaways
- Car Showrooms
- Garages
- Nurseries
- Food Outlets/Takeaways
- Public Houses
- Convenience Stores
Key Features:
Loan Amounts
From £150k to £15m
Terms
Terms range from 5 to 25 years
Interest Rates
Interest rates on commercial mortgages can be fixed or variable, depending on the loan terms and the lender.
Deposit Requirement
Lenders typically require a down payment of 20% to 30% or more of the property's purchase price.
Loan-to-Value (LTV)
Max 70%
Use of Funds
Borrowers can use the funds obtained through a commercial mortgage for various purposes, including purchasing a property, refinancing an existing mortgage, renovating or expanding a property, or even acquiring additional commercial property.
BestQuote also undertake the arranging of unsecured business loans.