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If you’ve just started your business or have been operating for a while and need room to expand, store equipment or stock, you may want to purchase your own premises. A Commercial Mortgage can provide you with the funds to: enable you to break free of restrictive lease agreements and move into the type of premises that would best suit your business. A Commercial Mortgage can also provide you with the funds to:Purchase an existing businessPurchase your existing business premisesInvest in commercial or residential investment propertyRelease equity trapped in existing commercial propertyDevelop property on a commercial or residential basisBenefits of a Commercial Mortgage- Your business acquires a major asset – in the long term, this is likely to appreciate in value
- Your mortgage payments may be lower than what your business pays in rent
- The interest that you need to pay on the mortgage is tax-deductible
- If you have more room than you need, it may be possible to sub-let some of the space – generating more income for the business
- The opportunity to consolidate expensive short-term finance
- The ability to raise money for working capital or an injection of cash flow
- By remortgaging you may get a reduction in the costs of an existing commercial mortgage
- Investment - An opportunity to increase your earning potential through refurbishing, improving or expanding your business property
A commercial mortgage is a long-term commitment and, like a residential mortgage, will need to be paid off over a period of 15 years or more. However, if you don’t make the repayments on time you will accrue additional interest and, if you continue to default on payments, the property can be repossessed Who needs a Commercial Mortgage?Based on our broad panel of commercial mortgage lenders and brokers, we are able to offer quotes and information to a wide cross section of businesses: - Self employed
- Sole traders
- Limited companies
- Partnerships
- ...and many more
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