Commercial mortgages come in various forms to cater to different business needs. We work with a team of experts in the world of commercial mortgages, and they can talk you through the various options.
Securing a commercial mortgage can be a complicated process, are you buying the property to move your existing business to, are you purchasing it to lease it out, if so, who to and how long is the lease. Have you done this before, what experience do you have, have you business plans, up to date accounts, management accounts…… contact one of the team and we can put you in touch with the most appropriate advisor to your needs.
Commercial mortgages are loans from banks or building societies that are secured for the purposes of purchasing or refinancing commercial properties or properties for business use.
Due to the complexities of these types of mortgages, we have teamed up with a specialist commercial mortgage broker who we can put you in touch with. It makes sense to use a specialist commercial broker as they have the right contacts and the market knowledge to help you find the most suitable deal.
If you would like to discuss the options available or would just like to know what’s possible, then please don’t hesitate to contact us.
Would you like to speak to one of our advisors over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.
For Businesses: Do you have questions about how our advisors can help your company? Send Amanda an email and she will get in touch or phone 0121 448 0161 between 09:00 and 17:00 on Monday to Friday and she will be delighted to have a chat with you.
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To increase the chances of approval, businesses should focus on improving their credit score, creating a robust business plan, ensuring accounts are up to date, putting down as larger a deposit as possible
It’s essential to steer clear of common pitfalls when applying for a commercial mortgage. Neglecting to check credit scores, applying for excessive funding, and overlooking the terms and conditions of the loan. Many commercial mortgages are variable rates, this means your monthly payments could increase and you need to budget for this within your business.
A commercial mortgage is a loan obtained by a business to purchase real estate for commercial purposes, such as office buildings, retail spaces, or industrial properties.
Qualification criteria typically include factors such as credit score, business plan, down payment, and collateral. Meeting these requirements is essential for approval.
Commercial mortgages offer ownership benefits, tax deductions, and flexible terms that can align with a business's financial goals, among other advantages.
Risks include high-interest rates, strict qualification criteria, and potential fluctuations in the property market, which can impact the property's value and the borrower's ability to repay the loan.
We pride ourselves in working with our customers as transparently and honestly as possible, so if you have any questions then please don’t hesitate to contact us and we’ll be happy to answer any queries that you may have. Simply click the button below to submit a contact form or ring either our Birmingham office on 0121 448 0161 or our Tamworth office on 01827 230 760.
