A perfect credit history is not something that everyone has. However, this does not mean that you should be held back from commercial property investment opportunities. In most cases, adverse credit history doesn’t affect the mortgage decision in commercial property investment. The reason behind this is that financing is generally based around the tenant and the associated tenancy agreement. Regarding rates, a good benchmark to consider would be upwards of 2.5% above the Bank of England Base Rate, with lenders generally willing to lend up to a maximum of 75% of the property value, with some stretching to a maximum of 85%. The maximum term for a non-conforming commercial mortgage is generally 30 yeas, and both Interest only and Capital repayment options are offered to the client.
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