Commercial mortgages are available for most types of property purchase linked to a new or existing business.

• Offices
• Hotels, Guest Houses and B & B’s
• Restaurants and Public Houses
• Shops and Retail Outlets
• Residential Care and Nursing Homes
• Industrial Units
• Agricultural Property
• Garden Centres

If your property type is not included above, please contact us and we should still be able to help you.

A commercial mortgage can be used to buy a property, refinance an existing property, raise funds to repair or refurbish a property or even raise additional working capital to expand your business.

Commercial mortgages are available for up to 85% loan to value and even 100% loan to value if there is additional security available. If however you are able to provide a bigger deposit then you may be offered more advantageous terms. The mortgage term is typically up to 30 years with interest only periods available in certain circumstances.

Funds are available for borrowers with a poor credit history or new businesses with no financial accounts history. There is also the option of self-certification of income where you may not have to provide proof of income or a business plan in certain cases.

Buy to let is available for residential, commercial and semi-commercial properties. All property types can be considered for purchase or remortgage and some lenders will consider houses of multiple occupancy and student lets.

Typically, loans are available for up to 85% loan to value with the lender requiring rental income cover between 100% and 125% of the mortgage repayments. Some buy to let schemes take into account personal income or a combination of rent and personal income.

The mortgage term is usually up to 25 years and may be on an interest only or capital and interest basis. Certain lenders will consider adverse credit history and self certification of income if required.

Most property development funders will lend up to 75% of the property cost and 75% of the development costs. In many cases where good profitability is anticipated, funding may be available at up to 100% of the total project cost for both commercial and residential developments.

Funding is usually on an interest only basis with monthly repayments of interest on funds drawn down. Interest may in some cases be rolled up providing the outstanding amount is within the maximum facility available.

Planning gain finance may be available for up to 100% of the purchase price of residential and commercial sites with planning potential. Specialist lenders in this high risk area of commercial finance assess each case on its own merits, taking a view on the future value of the project once the planning gain has been realised and the intended exit route of the purchaser. The cost of the facility reflects the risk with most lenders requiring interest to be covered until the planning gain is achieved.

A fast bridging loan can provide funds with the minimum of fuss enabling you to complete a property purchase whilst other lenders are still considering your application. This can save you time and money (no lost deposits because you didn’t complete within the required timescale). It will give you the time to arrange long term finance at competitive rates.

Loans are available up to 85% of the market value of the property. This may reduce the amount of deposit you require if you have been able to agree a purchase price below market value. In some cases it is possible to fund 100% of the purchase price subject to negotiation and especially if additional security is available.

Terms are typically between one and twelve months with no early settlement penalties. Loans can sometimes be extended beyond this term. Monthly repayments of interest only are required but these may be added to the loan if the outstanding balance stays within the maximum loan to value criteria. The rolled up interest would then be repaid when the outstanding capital was cleared by refinancing or the sale of the property.

An arrangement fee may be charged based on a percentage of the total facility. This may be added to the advance at drawdown as long as the facility keeps within the agreed loan to value criteria. In certain, but not all cases an exit fee will be charged, again, based on a percentage of the advance. All fees would be notified and agreed in advance.