The Basics of Commercial Mortgages

Commercial Mortgages are loans that are secured on commercial property such as shops, business premises, warehouses, factories, workshops, garages, hospitals and schools.

As with a residential mortgage the commercial lender will hold the title deeds to the property as security. In the event of arrears the mortgage lender can repossess the commercial property.

A business owner who wants to fund his/her premise may use a Commercial Mortgage, this type of commercial mortgage is called ‘owner occupied’. A Landlord can ‘buy to let commercial’ that is to say the landlord can purchase a commercial property solely for investment purposes and rely on the rental income to cover the mortgage and provide a profit.

your property may be repossessed if you do not keep up repayments on your mortgage.

We charge a fee of £500 for each mortgage application, please be aware we also receive procreation from the lender which is rebated back to the client.