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Commercial Mortgages
What is it?
Commercial mortgages are for buying (or refinancing) any land or property for business purposes. Similar to a traditional, residential mortgage, money is borrowed and secured against a property. Commercial mortgage is usually a long-term loan (often up to 25 years) that provides the cash to purchase a business premises.
Specifics
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The mortgage lender will typically lend up to 70% of the property's value.
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If your property increases in value, your capital could also see an increase.
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Option for sub-letting or leasing parts of the property to create an ancillary income.
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Can i get it?
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Three years of accounts
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Current and projected performance figures ​
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Benefits
The interest on your commercial mortgage is tax-deductible
Release capital for investment or growth
Consolidate business debts and expand trading
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