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Commercial Mortgages

These can be arranged for both Freehold and Leasehold properties, although if arranged for a Leasehold property, there are usual stipulations as to how many years need to be left on the Lease, AFTER the finance period has finished.

Depending on the amount and complexity of the purchase, an initial Agreement In Principle, can usually be made in 72 hours (longer for larger, more complicated purchases).

  • Amount of Borrowing
    It is normally possible to borrow up to 70-75% of the properties Loan To Value (LTV), or Business purchase price (whichever is the lower). It is possible to borrow more if there is additional security available, for example a First Charge over another property.
  • Term
    Anything up to 30 years
  • Surveys/Business Valuations
    One of these will need to be carried out and the Valuer usually has to be on the Bank's Approved list of Valuers. If not on the approved list (or if the valuation is more than 6 months old), then the bank may insist upon another valuation being done.

The information contained within these pages is for general information only and there is no comeback upon the author, or their business for any wrong advice