Commercial mortgages are arranged for the purpose of purchasing or re-mortgaging property that is primarily for commercial or business use and can be arranged for as a form of investment (commercial buy to let) or for a business to trade from.
There are two types of commercial mortgage: an owner occupied mortgage for trading premises and a commercial investment mortgage for those looking to invest in commercial property. We can help you look at both.
We aim to find the best commercial mortgages for both investors and business owner-occupiers. So, talk to us today and let us help you.
Owner Occupied Commercial Mortgage
An Owner Occupied Commercial mortgage is where an applicant is looking to purchase a property to run their business from.
Owner-Occupied Commercial Mortgages are looked at more favorably than investment mortgages because the lenders feel there is less risk with this type of mortgage. The lenders will generally look to offer a standard loan to the value of approximately 70-75% LTV on an owner occupied commercial mortgage.
An advantage of owner occupied commercial mortgages is that the rates that lenders charge are often considerably lower and the terms of the commercial mortgages can be longer if required. Interest rates can be fixed or variable.
Your property may be repossessed if you do not keep up repayments on your mortgage.