There are many types of commercial finance on offer and the most appropriate option will vary depending on the needs of each business. For those who are investing in a non-residential property, commercial mortgage finance is likely to be the best way forward.
Commercial mortgage finance is designed specifically for businesses looking to invest in property such as office buildings, shopping complexes or industrial units. The main benefits of this type of finance are:
Due to the more involved nature of operating commercial premises, lenders prefer applicants to have property investment experience. To increase your chances of securing the right finance, in most cases you’ll need:
As commercial mortgage rates are calculated for each specific customer, the rate you’ll get will depend on a combination of factors such as your experience, industry sector, the type of property you want to buy, the quality of the tenant and the length of the lease.
Commercial mortgage finance is quite complex so it pays to get professional advice before making a final decision. As an independent commercial finance broker, our team at Vincent Burch Mortgage Services can offer help with any type of commercial finance. We’ll work closely with you to complete an application that’s right first time and you’ll benefit from our access to a wide range of lenders and competitive rates from right across the market.