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Commercial Mortgages: loans up to 100% LTV (with extra security)

Commercial Mortgages

 

 

At Choice Loans we can help you arrange all aspects of Commercial Finance including Commercial Mortgages by searching the market for the best deal. We don’t only talk to the major high street lenders but also to a range of niche specialist finance houses. For Commercial Mortgages we can offer

  • LTV of up to 75% available on regular purchases

  • LTV of up to 100% available by raising the deposit on existing properties

  • Non-status Commercial Loans for clients with adverse credit history or those unable to produce accounts

  • Commercial Investment mortgages

  • Commercial Mortgages on Leasehold as well as Feehold properties

  • Buy to Let finance

 

What properties are eligible for a Commercial Mortgage?

We can help you get:

  • Mortgages for Offices (with/without flats above)
  • Mortgages for Light Industrial Units, Industrial Parks, Warehouses or Factories
  • Mortgages for Shops and Retail Units (with/without flats above)
  • Mortgages for Hotels, Guesthouses and B&Bs
  • Mortgages for Restaurants and Pubs
  • Mortgages for Care Homes, Nursing Homes and Hospices
  • Mortgages for Farms, Farm Buildings and Land wth Planning

 

This list is not a complete one but we hope it gives you an idea of the broad range of properties on which you can get a Commercial Mortgage. Call us for further options.

 

What are the rates available for Commercial Loans and Commercial Mortgages?

This is a very tricky question to answer as it depends on many factors. Some of the issues that determine the rate of your Commercial Mortgage are

  • The percentage LTV you want to borrow. The lower the percentage you require, the better the rate you will get
  • The nature of the property being offered as security. The best is probably commercial property occupied by professionals like solicitors, accountants, doctors etc.
  • Your own borrowing history and credit record
  • Whether the charge on the property is a 1st or 2nd charge (2nd charge is more expensive)

Rest assured though that we have access to all the major as well as several niche Lenders so we will reconcile all these factors to try and get you the best rate and deal for your circumstances.

 

The Application process:

The first step to getting your Commercial Mortgage is to complete our Enquiry form opposite. This will give us enough information to make some preliminary investigations on your behalf and enable us to then call you back with a better range of options for you. Don't worry: no credit search will be conducted at this early stage.

 

After you have spoke with one of our Commercial Mortgage Advisors you will likely have to complete a more detailed formal application (Heads of Terms) and from there we can conduct some more advanced discussions with Lenders on your behalf with a view to making a formal offer. If you receive a formal offer for your Commercial Mortgage we will then ask you to decide if you wish to proceed and if you decide you do, before we begin to prepare all the requisite paperwork on your behalf we will ask for a £99 Commitment fee. Should your offer be withdrawn after that we will refund this to you but should you decide not to continue then we will retain this fee.

 

Our Commercial Loan agents have many years’ experience and established relationships with key Lenders so are in a position to explore the best options for your business. To get in touch, fill in the form opposite and we will call you back.

 

 

However, in these times when credit can be difficult to achieve we also offer other options for our clients: Asset Finance and lease for the purchase of new business tools, Inventory Finance/Factoring to help with cash flow management, Capital Allowance claims for property owners and we are also one of the few Brokers in the UK to be able to offer commercial loans though our relationship with commercial peer-to-peer Lenders, meaning you can borrow up to £250,000 from a collection of private individuals; call us for more details in Commercial Loans and Commercial Mortgages.

 

Need more information? See our Guide

Commercial Mortgage Guide

 
 

Are you looking for a Commercial Mortgage?

why not see what we can do

take a minute to fill in this form and one of our advisors will be in touch:

 

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