There are a variety of reasons why commercial mortgages are sought by people, from buying a commercial property to run a business from, to re-financing an existing premises in order to inject capital into an existing business, whatever the reason, you are always advised to speak to a specialist financial services firm like Charleston Financial Services who has suitable experence in arranging, brokering and negotiating commercial mortgage packages.
For individuals or limited companies that are looking to purchase a property rather than renting generally do so as acquiring an asset is a solid investment and has the added benefit that rent is no longer be paid to a landlord. By taking out a commercial mortgage you can also take advantage of other benefits, for a start tax deductable interest payments, for example.
Whilst many of the benefits to taking out a commercial mortgages seem clear, there are also some restrictions and downsides too which are easily missed - which is why the help of a commercial mortgage broker like Charleston Financial Services is invaluable so that you do not fall into some of the pitfalls that can await an inexperienced mortgage application.
We are able to arrange commercial mortgages and commercial remortgages with a loan-to-value (LTV) ratio of up to 80% with no additional security requirements – competitive rates start at 2.20% above the base interest rate, and if an additional asset security is offered up we are able to arrange up to 100% of the value or purchase price.
For clients who can provide additional security for their commercial mortgage application – for example, by securing it on a home or other investment property – we can arrange loans of up to 100%.
Examples of properties appropriate for a commercial mortgage:
- Mortgages for Freehold public houses
- Commercial mortgages for offices
- Mortgages for convenience stores and retail units
- Commercial mortgages for factories and warehouses
- Mortgages for Land
- HMO (houses in multiple occupancy) mortgages
- Nursing home mortgages
- Commercial mortgages for industrial units
- Care home mortgages
- Specialist buy to lets for flats under one freehold title
- Owner occupation commercial mortgages
- Restaurant mortgages
- Commercial mortgages for investment purposes
Charleston Financial can also arrange commercial mortgages for residential portfolios or individual buy to let properties, and arrange a single commercial mortgage across multiple or individual dwellings.
Visit our FAQ section or take advantage of our expertise and speak directly to a qualified advisor. Telephone 0800 612 3167 or click below to apply.