Commercial mortgages are intended for individuals or companies looking to purchase property to be used for business or investment purposes. These premises are generally let to third parties, while owners benefit from rental income and increases in property value. However, commercial mortgage rates are seldom set in stone and requirements are determined on a case-by-case basis. Hence each commercial mortgage can be tailored to meet the borrower’s individual circumstances and requirements, from a particular rate type to a lender that matches the client’s needs. Unlike residential mortgages which generally rely on the client’s income and age alone, commercial mortgages are far more flexible and take the client’s overall position, as well as their business plan and expected tenants into account when deciding whether to lend. Our expert advisers will be able to advise you which commercial mortgage is best for your particular circumstances, so give them a call for FREE advice. |
