Commercial property owners 'to benefit' from insurance package - commercial mortgages

15 July 2009

People with commercial mortgages for between one and ten properties in the UK may benefit from commercial property insurance, Aviva has suggested.

The insurer - which has recently launched a new product aimed at commercial property owners - noted that such packages can sometimes include the flexibility to add more cover, which may be helpful for those looking to expand their commercial property portfolio.

Packages for commercial mortgage holders are available for more than 1,000 tenant trades - ranging from industrial units and small warehouses to shops, factories and office blocks.

Earlier this month, Knight Frank head of research for central London James Roberts described take-up of office property in the City as "fairly substantial".

He added that some of the strongest interest in commercial property - which could include taking out commercial mortgages - has come from the insurance, IT and legal sectors.

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