Commercial Property Finance

We have a a team of experts at Mortgages for Business whom can cover all requirements with regards to commercial property finance. Our consultants negotiate clients commercial property funding needs with a full panel of lenders and other commercial property finance institutions in order to ascertain the right fit to each individuals case.

Each development finance deal will be individually priced, so unlike residential mortgages there are no set rates.  The lender will look at what you propose to do, assess the property and works, then as a result bespoke price the loan accordingly. A good benchmark to consider would be Bank Base Rate + 1.5% to 2.5%.

A commercial property finance loan may be for the duration of one year or more but this will largely be down to the project in question itself with the nature and size of the project coming into account. Commercial property finance is usually arranged on an interest only basis.

To ensure projects are viable from the outset, our experts will be able to take a look at the proposed scheme and give full assistance with the initial commercial property appraisal. This will ensure that things progress as quickly and smoothly as possible.

With regards to loan to project costs for commercial property finance, this takes into account the perceived gross total development values to work out a rate. Each rate will depend on personal circumstances but typical property finance would be between 70% to 75% of the build costs and the price to purchase. It is possible to obtain 100% off the development funding but this would be based on the land being fully owned on an unecumbered basis by the client.

It is also possible to increase the amount of funds available for a commercial property development where the developer is able to imrpove the original level of planning consent. As a result the land and total development values will increase, providing the necessary leverage for our consultanst to negotiate further funding on your behalf.

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