Commercial and Business Mortgages

Commercial and business mortgages are types of loans that are designed to help businesses and organisations purchase or refinance commercial property. These types of mortgages are typically used to finance the acquisition, development, or refurbishment of property for commercial purposes, such as office buildings, retail spaces, warehouses, factories, or other types of commercial property.

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Commercial mortgages are generally available to companies or individuals who own or wish to purchase commercial property that is used for business purposes. These types of loans are secured against the property, and the interest rates and terms will depend on a variety of factors, including the size and location of the property, the borrower’s creditworthiness, and the length of the loan term.

Business mortgages, on the other hand, are typically used by small to medium-sized enterprises (SMEs) to finance the purchase or development of property for their business operations. These types of loans may be secured or unsecured, and the interest rates and terms will depend on a variety of factors, including the borrower’s creditworthiness, the size of the loan, and the length of the loan term.

One of the key differences between commercial and business mortgages is that commercial mortgages are typically larger in size and longer in duration than business mortgages. Commercial mortgages may have terms of up to 25 years, while business mortgages may have terms of up to 10 years.
Another key difference is that commercial mortgages are typically used to finance the purchase or development of commercial property for rental or investment purposes, while business mortgages are used to finance property that is used for the borrower’s own business operations.
Overall, commercial and business mortgages can be a useful tool for businesses and organisations that need to acquire or refinance commercial property. However, it’s important to seek professional advice from a mortgage broker or financial advisor to ensure that the terms and conditions of the loan are appropriate for your needs, and that you fully understand the risks and rewards involved.

Contact us today to speak to one of our advisers and take the first step towards finding the right mortgage for you.