Our advisers are experienced in dealing with a range of mortgage needs for those wishing to invest in office property, from multi million pound propositions to investors taking steps towards the purchase of their first office property for investment. As with all investments, the key is to get the best possible interest rate, which will be based on the quality of the tenant in the property and the length of the tenancy agreement in place. Investors wanting to buy an office property should expect interest rates in the region of 0.75% to 2% above the Bank of England Base Rate, with lenders willing to lend up to 85% of the property value. The maximum term of an office commercial mortgage is generally 30 years and clients can choose between Interest Only and Capital Repayment options when applying for their mortgage.
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