A commercial investment mortgage is a loan to purchase or refinance a commercial property that will be let to a third party. Individuals, professional landlords, and property developers often obtain commercial investment mortgages in order to profit from rental income and/or property value appreciation.
At Mortgaze our team is highly experienced in dealing with commercial investment mortgage applications. We negotiate with a wide range of potential lenders on your behalf so that when you decide on the right commercial investment mortgage, you will be best positioned to turn your project into a successful, profitable venture.
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You can leave us your contact details via our enquiry form, or you can call us during business hours and we will return your call at your nearest possible convenience in order to discuss in more detail the buy-to-let mortgage product that Mortgaze may be able to secure for you.
We are happy to answer your queries on the phone or in person but here are answers to some of the most frequently asked questions we receive regarding buy to let mortgages for limited companies.
Commercial Mortgage loans starts from £20,000 with no maximum limit.
Majority of the lenders are comfortable in lending up to 70% – 80% but up to 100% can be obtained with additional security.
Unlike most buy-to-let mortgages where you receive a standard mortgage rate, rates for commercial mortgages are individually priced to match the strength of the proposal. There are various factors which lenders keep into account while calculating the interest rate. Not limited to but generally these will include:
With this in mind, the Mortgaze team will also ensure that your proposal is well presented to lenders highlighting all the strengths and secure best possible terms for your commercial mortgage.
Lender arrangement fee: Payable to the commercial mortgage lender for arranging the finance.
Valuation fee: The valuation is done a surveyor who is on the panel of the bank. The fee is usually paid on submission of the application or once the facility has been agreed in principle. Valuations on commercial properties are usually more expensive than valuations for residential properties.
Legal fees: This fee is paid to a solicitor for doing the legal work for yourself and possibly your lender. Fees are usually higher than those for a residential property because of the nature and complexity of titles and covenants.
At the outset, we will only collect basic information to understand your mortgage requirement. The information we take at the stage will circle around details of the proposed security (property), your loan requirements and income form the property to calculate serviceability of the loan. This will help us ascertain whether we can help you with your borrowing requirements or not. Once we have established that, we will ask you to complete a commercial mortgage application and give you list of documents required specific to your case. Normally, we expect applicants to provide the following documents:
Contact us here or by phone to find out more about Commercial Mortgages. We will be happy to arrange a free consultation with you so that we can start working towards achieving the best possible mortgage solution for you today.
Commercial property is, generally speaking, property used for the sole purpose of carrying out or performing business activity. This would exclude residential property and/or primary industries such as mining and agriculture. The three main types of commercial property are retail (including supermarkets, shopping centres and retail warehouses); offices (including business parks); and industrial property (including factories and warehouses). Also included to a lesser degree is leisure property (including hotels, bars and restaurants) and health care property (including hospitals, doctors surgeries and care homes)
From how much you can borrow to how much it will cost ? Try our calculators to help you answer those initial queries.
Please note that this calculator is only for illustrative purposes only and is not a mortgage offer. This is a guide to how much you'd pay each month. The exact amount will depend on the type of mortgage, lender and your individual circumstances.
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