Commercial mortgages for professionals are tailored towards “white collar” businesses such as accountants offices, GP’s surgeries, solicitors premises and other professional business types. Rates generally centre around your evidence of past performance and your overall business plan, with your industry experience having a direct link on the outcome of the rates you qualify for. In general, clients can expect to pay interest rates of between 0.75% and 2% above the Bank of England Base Rate with lenders willing to lend up to 85% of the property value, and the maximum mortgage term tends to be 30 years.
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