There are a variety of reasons why commercial property mortgages are sought, from buying a commercial property to run a business from, to re-financing an existing commercial premises in order to inject capital into an existing business, whatever the reason, you are always advised to speak to a specialist financial services firm like Global Asset Finance has experience in arranging, brokering and negotiating commercial mortgage packages.
For individuals or companies that are looking to purchase a property rather than renting generally do so as acquiring an asset is a solid investment and has the added benefit that rent is no longer be paid to a landlord. By taking out a commercial mortgage you can also take advantage of other benefits, for a start tax deductible interest payments, for example.
Whilst many of the benefits to taking out a commercial mortgages seem clear, there are also some restrictions and downsides too which are easily missed – which is why the help of Global Asset Finance is invaluable so that you do not fall into some of the pitfalls that can await an inexperienced mortgage application.
We are able to arrange commercial property and buy to let mortgages and commercial remortgages with a loan-to-value (LTV) ratio of up to 85% with no additional security requirements – competitive rates, and if an additional security is offered. We are able to arrange up to 100% of the value or purchase price.
For clients who can provide additional security for their commercial mortgage application – for example, by securing it on a home or other investment property – we can arrange property loans of up to 100%, subject to credit status.
Examples of properties appropriate for a commercial mortgage:
- Mortgages for Freehold Public House
- Commercial mortgages for Business Premises
- Mortgages for convenience stores and retail units
- Commercial mortgages for Factories and Warehouses
- Mortgages for Land
- House of Multiple Occupancy “HMO” mortgages
- Nursing home mortgages
- Commercial mortgages for industrial units
- Care home mortgages
- Buy to lets for flats
- Owner occupation commercial mortgages
- Restaurant Mortgages
- Commercial mortgages for investment purposes
Global Asset Finance can also arrange commercial mortgages for residential portfolios or individual buy to let properties, and arrange a single commercial mortgage across multiple or individual dwellings.
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