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Commercial Mortgage Brokers & Advisors

Looking to finance a commercial property? Get advice from a reliable and experienced commercial mortgage broker at Your Mortgage Options.

Finding a commercial mortgage that suits the exact needs of your business requires an expert advisor who really understands the market and each lender. That’s just what you can expect with a commercial mortgage broker from Your Mortgage Options. Get in touch today to discuss financing your commercial property.

Getting the right deal is crucial for keeping your business’ costs manageable, but aside from this there are many other ways in which we help. Our commercial mortgage brokers guide you through each step the process, to ensure minimal disruption to your business.

Whether you’re looking to purchase or remortgage a property to be used as a business premises, or to rent out, we are able to help you achieve your goals. We’ll take the time to understand your unique circumstances and recommend the best route forwards.

What is a commercial mortgage?

Commercial mortgages are loans designed for individuals and businesses who are purchasing or remortgaging a property to be used for commercial activity. It may be that a business is purchasing a property for expansion, looking to buy-to-let, or remortgaging with a specific aim in mind. There are various different lenders and types of commercial mortgage deals to choose from, each with their own unique pros and cons. The right product will depend on the unique requirements of your business.

Business mortgages work in the same way that standard mortgages work – the property acts as security against the loan. And just like a mortgage on a house, repayment terms range from around 5 to 30 years. Where they differ most is that for a commercial mortgage lenders will usually require a minimum of 30% deposit. To find the right deal for the specific needs of your business, it’s best to hire an experienced commercial mortgage broker. They will be able to guide you through the process and ensure that you are matched with the most suitable lender and deal.

If you require access to quick finance with a short term solution, our brokers are also able to help you find and secure a commercial bridging loan. Visit our dedicated page to learn more.

commercial mortgage broker

Enquire Online For a Commercial Mortgage Broker

Why Choose Us For Commercial Mortgage Advice?

Whole of Market Access

There are many different types of commercial mortgages, so only looking at deals from one lender means you’re unlikely to end up with the best option. Our brokers have whole of market access, to ensure your business is matched with the right lender for your needs.

We Are On Your Side

Our commercial mortgage brokers work for you not the lender, and will act solely in the best interests of your business. You can therefore be confident that the lender and product we recommend is the very best deal available for your circumstances.

We Do The Hard Work For You

Commercial mortgages are complex in nature – you can make this process easier by relying on the expertise and close attention to detail of our brokers. We’ll handle the whole application end to end, including all the paperwork, solicitors and conveyancing.

We Consider Your Circumstances

We understand that each business is unique and has specific aims in mind with a commercial mortgage – It’s about finding the right deal for you. Our commercial mortgage advisors will assess the finances of your business and make realistic recommendations.

Commercial Mortgage Broker FAQ's

Since commercial mortgages are for business purposes, those that can apply include (but are not limited to):

  • Limited companies
  • Partnerships
  • Offshore companies
  • Sole traders
  • LLPs

Lenders usually require the applicant to be between the ages 18 and 75, but exceptions can be made in unique cases. Depending on the lender, new start ups and even those with adverse credit may still be considered. In any case, it’s always best to speak to a commercial mortgage broker first to see if you might be eligible.

Every lender will have their own eligibility procedures, but there are some standard checks that they will all typically carry out. These include:

  • The cash flow of the business and any debts you may owe (though an imperfect credit history does not write you off)
  • The projected income of your business, to get an idea of whether you’ll be able to repay it
  • Whether you have the finances to pay the deposit (usually 30% minimum)
  • Rental income may also be taken into account as this will have an effect on your business’ cash flow
  • General income, credit and assets

Ownership of a commercial property can be more complex than ownership of a residential property, so lenders also often prefer you to have some level of property investment experience. Your chances of getting accepted will be increased if you’re a homeowner, you have savings in your bank and have owned buy to let properties before. However, these aren’t mandatory so if you don’t meet all of these criteria, get in touch to discuss your commercial mortgage application.

Each commercial mortgage lender has their own set of requirements, so being turned away from your bank does not mean that you will be turned away from all lenders. There are numerous specialist lenders that offer a greater deal of flexibility than high street banks when it comes to commercial mortgages. Different lenders lean towards different industries and sets of circumstances.

However, if you have been turned down by your bank it is a good sign that you need some assistance from a broker with experience in commercial mortgages. They will be able to assess why your bank refused you, and help you find a different lender who may be more suitable for your situation. Not only that, but they will be able to assist with your application too, to make sure it meets all of the necessary requirements, thus significantly increasing your chances of getting accepted.

An interest-only commercial mortgage is a loan in which the capital and interest elements are kept seperate. The lender will only collect interest on a regular basis, and the capital is repayed at the end of the agreed term. Providing you have a plan in place to repay the original amount, this method of borrowing can be advantageous for certain businesses.

Interest-only commercial mortgages are available for those who’d prefer this option, and for those who meet the criteria. Lenders will need to see proof that you can settle the capital element of the loan at the end of the mortgage period, as well as assessing the investment and your creditworthiness. If you’d like to learn more about whether you are eligible for an interest-only commercial mortgage, or if this is the right choice for you, get in touch with our team today.

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