Retail

For the retailer there is likely to come a time when they consider replacing the uncertainty of renting with the stability of owning your premises, this is the time when we can help.

Mortgages for Business is well equipped to deal with the vast and diverse of range of commercial mortgage needs of those individuals and companies wishing to purchase a retail premises.  We have significant experience in dealing with everything from small newsagent purchases for sole traders to large retail complexes for significant multi national companies.

The majority of our consultant team is made up of ex bank managers who are well used to dealing with retail commercial mortgages, from multi million pound propositions in central London to smaller sole traders making their first small steps into owning their own premises.

The maximum loan to property value for a retail commercial property purchase will be an absolute maximum of 85%.  However this loan to property value will be affected by the business trading performance and your own personal experience in running a retail business; similarly the interest rate achievable for you will be affected by these variables and they will typically vary from Bank Base Rate + 1% to 4%.

Evidence of trading accounts and a business proposal will ideally needed in order to secure low rates funding.

The maximum term of retail business mortgage will tend to be 30 years.

For further information about business mortgages and buying your commercial premises visit Business Link