These are also known as a business mortgages, and are used to buy buildings or land for business purposes.
What you need to know
You can also use commercial mortgages to expand an existing business or for residential or commercial property development. This can be secured against property or land.
Commercial mortgages in detail:
- You can borrow up to 80% of a property’s value
- Borrowing ranges from £25,000 to £5million
- You can get an immediate decision in principle
- It can also be used for semi-commercial purposes
- Short Term Leasehold
- Can be used to buy property or as a line of credit for your business
Why Broadbench?
- We have access to a wide range of commercial mortgage brokers offering competitive rates and a variety of products from leading banks and lenders
- We can do all the paperwork
- We can help you every step of the way
- We can work in conjunction with solicitors and estate agents to ensure a quick and smooth buying process
Ok, how does it work?
Speak to an expert for free professional advice:
01202 677555or
