Business mortgages (also known as commercial mortgages for owner-occupiers) are designed for individuals and companies purchasing or remortgaging a property to be used as a business premises. Business mortgages are also available on mixed use properties, i.e. part commercial, part residential such as shops with flats above.
As an independent, whole of market broker, we negotiate business mortgages with a range of lenders including major banks, regional and local building societies, specialist commercial lenders and challenger banks.
Rates for business mortgages are dependent on your industry sector and by your business' performance and your own individual track record.
The value of a broker within this field cannot be overstated, due to the bespoke nature of every single business mortgage transaction. Terms for business mortgages are not set in stone and our role in the transaction is to negotiate the best mortgage rate and terms. Our wealth of experience and market knowledge means we understand what is likely to be achieved given a specific set of circumstances.
Some lenders will require the borrower to switch their current account offering to get the best terms. Others will work on a stand-alone basis and it may also make sense to keep your business loan separate from your day to day business bankers. Your broker will be able to discuss all the options available.
Commercial mortgages are tailored to meet the borrower's needs. Where suitable, elements of the commercial loan structures available to clients can include:
Our solutions for business mortgages cover all types of commercial property. We understand the individual financing dynamics and industry sectors. As a yardstick, we can arrange business funding up to 80% loan to property value.
We can arrange business mortgages for most types of business premises, and also arrange funding on niche propositions including holiday lets, hotels and guest houses, health clubs, pubs and restaurants, schools and care homes.
Typically we arrange commercial owner-occupier mortgages from £50k to £25m. Do give us a call to talk through the borrowing requirements for your business.
Examples of how we've helped business owners secure finance:
£2.5m hotel remortgage offer in 24 hours
100% mortgage for pharmacy purchasing additional storage space
Remortgage of 7-bed care home for people with learning disabilities
Next: How to apply for a business mortgage
NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
