Commercial Mortgages
Looking to invest in a commercial property? Read our complete guide on commercial mortgages and get the help you need to make an informed decision. If you need any help along the way, don't hesitate to contact us.
DEVELOPMENT FINANCE
A short-term funding solution for property construction or major renovation projects.
COMMERCIAL MORTGAGE
BRIDGING LOAN
A short-term loan used to bridge financial gaps, typically between the purchase of a property and the sale of an existing one.
BUSINESS LOAN
A financial product designed to help businesses fund operations, expansion, or unforeseen expenses.
Mortgage Advice..
Thinking of getting a mortgage? Our experienced team of skilled mortgage advisers are here to offer the essential guidance you require. Relying on our comprehensive understanding of the mortgage market, we’ll ensure you secure the perfect mortgage to suit your specific situation.
FAQs: Commercial Mortgage
Most frequent questions and answers about commercial mortgage
Yes, mortgage interest on commercial property is tax-deductible. This deduction can provide significant savings against residential buy-to-let properties.
Obtaining a commercial mortgage can be challenging, as criteria for approval are often stringent. However, with good credit and a clear business plan, it is possible to secure funding from lenders.
No, residential mortgages are not generally accepted for commercial properties. Businesses must obtain a commercial mortgage to purchase or refinance the property. Some lenders may consider properties that are your home but that you also run a business from. This is usually subject to your home being a larger part of the property’s usage.
The amount of deposit required for a commercial mortgage will vary based on the lender, property type, and other factors. Generally, a minimum deposit of 30% will be needed to secure a loan.
Generally, commercial mortgages are more expensive than residential mortgages due to the higher risk associated with business properties. However, this increased cost can be offset by tax deductions and other financial benefits.
Many commercial mortgages are arranged in the name of a limited company, and these are not regulated. commercial mortgages helped in a personal name are subject to some regulations set by the Financial Conduct Authority. The lender must also meet certain criteria and provide accurate product information before agreeing to lend.
What next?
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About the Author
Liz Syms is the CEO and Founder of Connect Mortgages, a specialist in finance for property investment. With over 25 years of experience in mortgages and financial services, Liz has helped countless people get their dream homes and investment properties. She is passionate about giving her clients the best advice possible when it comes to financial decisions relating to mortgages and protection and is dedicated to providing the highest quality of service. With her wealth of knowledge in the industry, Liz is a respected leader in mortgages and financial services and has grown her team to over 300 advisers nationally. She strives to make Connect Mortgages one of the most successful companies in its field.
About the Author
Liz Syms is the CEO and Founder of Connect Mortgages, a specialist in finance for property investment. With over 25 years of experience in mortgages and financial services, Liz has helped countless people get their dream homes and investment properties. She is passionate about giving her clients the best advice possible when it comes to financial decisions relating to mortgages and protection and is dedicated to providing the highest quality of service. With her wealth of knowledge in the industry, Liz is a respected leader in mortgages and financial services and has grown her team to over 300 advisers nationally. She strives to make Connect Mortgages one of the most successful companies in its field.