Commercial Mortgages
What is a commercial mortgage?
A commercial mortgage is long-term funding used to purchase or refinance business property. It’s typically used to fund commercial buildings such as offices, industrial units, retail premises and residential buy-to-let investments.
Commercial mortgages allow you to access finance anywhere from £50,000 – £50million, subject to lender criteria.
Owning your premises can provide stability and long-term asset growth, giving you a strong alternative to paying rent indefinitely.
Why businesses consider commercial mortgages?
- They do it:
- To secure their own premises
- To refinance existing borrowing
- To build a property portfolio
- To relocate in order to support growth
Commercial mortgages are long term and can last as long as 25 years.
What do lenders look for?
- Lenders will assess:
- Deposit contribution
- Property valuation
- Rental income (for investment properties)
- Business performance
- Director credit profiles
Terms and rates will vary depending on the property type and risk profile.
Why Meridan Finance?
As commercial finance brokers, our goal is to make you aware that high street banks are not your only option. We take the time to fully understand your needs, where you are now and where you’d like to be, before we put your finance proposal together.
Meridan Finance keeps it simple, clear and competitive.
So, if you are considering property ownership or refinancing, get in touch to explore your options now.