Business mortgages, also referred to as commercial mortgages, provide businesses the opportunity to purchase commercial property.
The mortgage can be used to purchase a property to trade from, to extend into, or just as an investment venture.
Business mortgages and commercial mortgages can also be applied for in order to remortgage or refinance an existing debt.
Commercial mortgage debt currently stands at approximately £250bn, and around two thirds of this commercial mortgage debt (£165bn) is due to be refinanced in the next 3 years.
With the current appetite from high street banks being relatively low, this means that there will be a large portion of this debt that will need to be refinanced through the new challenger bank options.
Charleston Financial is one of the leading mortgage brokers and commercial mortgage packagers able to source the most competative financial products.
Over the last 12 months we have seen a dramatic increase in the demand for refinancing high street lending accounts with banks who do not wish to extend the lending facility, and fully expect this demand to continue with this trend.
In order to discuss what options are available to you, please contact our new business department on 0800 613 3167 and speak to one of our commercial specialists.