Commercial property finance is a complex market. We can find you the most flexible terms on commercial mortgages and finance at a competitive price. As we are independent, we are free to consider all the mortgage and finance options available.
Commercial Mortgages include finance for your business premises or finance for a commercial investment property. We have the knowledge, contacts and experience to provide you with specialist advice and support in arranging the best commercial finance deal.
Lenders will look at number of areas when considering whether they will provide finance for a particular proposal or not. The strength of a proposal depended largely on the following factors
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Thinking of Investing in Property? A commercial investment mortgage is a loan to purchase or refinance a commercial pproperty that will be let to a third party. We source property investment funding from wide range of lenders, this includes high street banks, building societies, challenger banks, and specialist lenders.
If you’re looking to buy a property for a business, you’ll probably need a commercial mortgage to finance your purchase. Taking out a commercial mortgage is one way of maximising your business finance. As a business owner you don’t have the time to shop around the high street to find the best commercial mortgage.
Second charge mortgage is essentially the next best option to take when the most common route of remortgaging an existing property is not the most favourable course of action to take. This could be because doing so could see you forgo favourable interest rates or cause you to be exposed to some expensive early redemption charge.
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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