Commercial Mortgages

Commercial mortgages are loans specifically designed for purchasing or refinancing commercial properties, such as office buildings, retail spaces, industrial facilities, or multi-unit residential properties. These mortgages are primarily used by businesses or investors looking to finance properties for commercial purposes.

Here are some key aspects of commercial mortgages:

  1. Purpose: Commercial mortgages are used to finance the acquisition, development, or refinance of commercial properties intended for business use or investment purposes. These properties generate income through rental payments or business operations.
  2. Loan Amount and Repayment: The loan amount for a commercial mortgage is typically based on the value of the commercial property, the borrower’s creditworthiness, and the property’s income potential. Commercial mortgage terms are generally longer than residential mortgages, ranging from 5 to 25 years or more. The repayment schedule may be structured with fixed or variable interest rates, and the borrower makes regular mortgage payments to repay the loan over the agreed term.

 

Commercial Lending is not regulated by the Financial Conduct Authority.

For Commercial mortgage advice, you will be referred to a specialist lender.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.