Commercial Mortgages

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.

Limited companies, SPVs, LLPs, partnerships and sole traders are eligible to apply for a commercial mortgage.

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

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Minimum loan size varies from lender to lender, but typically is around £50,000

Repayment terms can be up to 25 years.

As with a traditional mortgage, the commercial lender will hold the title deeds to the property as security.

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.

From the initial enquiry to completion, our average turnaround time for a commercial mortgage loan is six to eight weeks.