Last updated on December 16th, 2021 at 10:09 am
Are you looking for a Commercial Mortgage Broker? We assist businesses and investors secure commercial mortgages, compare interest rates and navigate applications with lenders.
As well as working with high street banks like Barclays & NatWest, we source commercial mortgages from a wide range of UK lenders.
What Is A Commercial Mortgage?
A Commercial Mortgage is a long term loan that is secured against any type of commercial property. They can be used to purchase the premises you wish to trade from or for investment purposes.
Semi Commercial Mortgages
Complex Residential (Large Residential Blocks, HMO, Multi Units)
- Part Commercial & Part Residential
Independent Commercial Mortgage Brokers
We make applying for a commercial mortgage quick and straight forward.
Commercial Mortgages & Loans
We can assist with any commercial finance enquiries from new purchases, remortgages and to release cash tied up in properties.
By using an experienced broker, we can search a large number of banks and lenders to find you the right deal.
- Any Amount From £50k to £200 million
- Term Loans From 1 to 30 Years
- Rates From 2% Per Annum
- Interest Only and Capital Repayment
- LTV Up To 75%
Types of Commercial Mortgage
An business looking to purchase a premises to trade from will need a Owner-Occupier Commercial Mortgage. As well as the high street banks, there are a number of specialist lenders that will provide commercial term loans.
Semi Commercial Mortgages
A Semi-Commercial Mortgage will be required when a property consists of part commercial use and part residential use.
For Example: A retail shop with separate rented Flats above.
This could be for investment purposes or to trade from the commercial part as an owner-occupier.
Commercial Buy-to-Let & Investment Mortgages
If you are looking to purchase a commercial property as an investment, then you may be able to secure a commercial mortgage.
- Interest Only or Capital Repayment
- Up To 75% LTV
- Loans from £50,000 upwards
- Lend on Multiple Properties
- Portfolio Mortgages
Certain types of complex or high value residential investment properties and portfolios may require mortgages from “Commercial” lenders.
- Large HMOs/MUFBs with more than 7 bedrooms or units
- BTL Loans over £1 million
- Complex proposals and ownership structures
- Large mixed portfolios
Types of Commercial Premises
We can access mortgages for a very wide range of purposes and building types. Including but not limited to:
- Office Buildings
- Industrial Units
- Shopping Centres
- Care homes
- Nursing homes
- Hotels/Guest houses
- Agricultural Land
- Funeral Parlours
- Shops & Retail Units
- Doctor’s Surgeries
- GP Practices
- Veterinary practices
- Blocks of flats
- Semi Commercial
Commercial Mortgages FAQ
How To Get A Commercial Mortgage?
Commercial mortgages are available from a wide range of high street banks, building societies and specialist lenders. Criteria varies between different lenders and some will specialise in certain sectors, geographic areas, loan sizes and other factors.
Once you have found a lender that meets your criteria you can usually get a indication of rates before proceeding to a full application. Upon receipt of a full lending offer, you will then need to appoint a solicitor to assist with completion of the mortgage.
How Much Deposit Do You Need For A Commercial Mortgage?
The short answer is approximately 25%. The majority of banks and lenders will require at least a minimum of a 30% (70% LTV) deposit for a commercial mortgage. However there are a smaller number of lenders that may go up to 75% LTV, so just a 25% deposit.
The lower your deposit, the higher the interest rate is likely to be.
It may be possible to raise a deposit from other alternative business funding methods, not secured against a property.
How Does A Commercial Mortgage Work?
In the same way that any mortgage works, you need a deposit and can repay the loan over many years. The maximum LTV is likely to be around 75% and the term could be 10-30 years.
For an investment the loan could be interest only, for an owner occupier you will likely need to make full or partial capital repayments as well.
Apply For A Commercial Mortgage
As an independent commercial mortgage broker, we can search a large number of lenders in the market for you.
We can help you compare lenders, interest rates and eligibility criteria.
Access a wide number of lenders with just one point of contact.
Fill in the form below and we will get in touch straight away or call 0161 5469128.
Commercial Mortgages in Manchester UK
We offer a face to face commercial mortgage brokerage service in Manchester, Bolton, Bury, Wigan, Blackburn, Preston and across Greater Manchester & Lancashire.
Our service is available to clients based anywhere in the UK and including overseas investors looking to purchase commercial property in the Uk.