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Commercial mortgages
Access market-leading rates, with unique, tailored commercial mortgages through Enterprise Finance. We’ll assess cases the high-street can’t and manage your clients’ applications from cradle to grave.
When property (or land) is purchased or used for business purposes, the borrowing may be carried out by a business, individual or partnership. In this instance, you would need to apply for a commercial mortgage.
Who can apply for a commercial mortgage?
Limited companies, SPVs, LLPs, partnerships and sole traders are eligible to apply for a commercial mortgage.
Which types of property can a commercial mortgage be used for?
Here are just a few examples of what constitutes a commercial property for commercial mortgage purposes:
Shops (including those with flats above)
Offices
Warehouses
Factories
Workshops
Garages
Hotels
Restaurants
Pubs
Terms
What is the minimum that can be borrowed using a commercial mortgage?
Minimum loan size varies from lender to lender, but typically is around £50,000
What is the typical repayment term?
Repayment terms can be up to 25 years.
Who holds the title deeds with a commercial mortgage?
As with a traditional mortgage, the commercial lender will hold the title deeds to the property as security.
Application process
When will my client find out if their application has been successful?
Our experience means that in most cases we will be able to confirm almost immediately whether your client’s application is likely to be successful.
How long will an application take to complete?
From the initial enquiry to completion, our average turnaround time for a commercial mortgage loan is six to eight weeks.
Ready?
If you’d like to enjoy a fully-managed commercial mortgage application that provides immediate access to the best loans and rates on the market, speak to Enterprise Finance today.
Second charge mortgages
Bridging loans
Development finance
Complex buy-to-let
Commercial mortgages
