Commercial Property and Business Mortgages with interest rates starting at just 2.5% over Bank Base Rate
Property is an imperative in some kinds of business. Commercial mortgages will help provide an office whereby suppliers and clients can visit you. A building that houses your company, if purchased, will also provide a valuable asset for the business.
If the decision is made to make this purchase, there is a high percentage chance that you will need to source the finance through a lender for your commercial mortgage. InvestGrow Financial Services has a large portfolio of lenders who will work with you to find the best deal at the best rate for you.
How much can be borrowed?
When financing a large outlay such as a mortgage, the amount borrowed will of course, depend on what the projected payments are, the solidity of the company and its projected income over time.
Repayment terms
Like with a residential mortgage, a commercial mortgage can be spread from five to 25 years, and payments will be split across that time.
Offering rental opportunities
There is always to possibility if you find a property that is slightly too large, there is always the possibility of renting some of your extra space out to another company for an ongoing income.
Key points
When organising your commercial mortgage, there are several points that you need to account for. These include but are not exhaustive of:
- Loans can be for up to 80% of property value
- Minimum deposit required
- Arrangement fees
- Long-hold lease properties must have a minimum of 50 years remaining at the end of the payment
- The applicant business must be able to prove they can cover the cost of the monthly payments
Exit-strategy
As with all loans of any kind, you must be able to provide the lender with a suitable exit-strategy. Lenders will require a plan, and InvestGrow Financial Services can help you with your arrangement for this.
Working with InvestGrow Financial Services will ensure that once the correct financial product has been chose, your parerwork is complete and you should be able to find out quite quickly what the lender is willing to offer. With a large portfolio of lenders, we are sure we will be able to find a suitable product for your needs.
We can also assist with a broad range of buy to let mortgage products on both fixed and variable interest rates. If you are currently occupying a commercial property as a sitting tenant and running a profitable business, then we can offer special rates and generally a higher loan to value.
How do I apply?
To apply for a commercial mortgage, speak to one of our advisors and we can begin the process. Please contact us here or start an instant chat with one of our experts.