Commercial Development Solutions
Commercial Property Mortgage Specialist in UK
As a national broker that specialises in Commercial Mortgages, (also known as commercial property loans) we are able to assist with a range of mortgages for commercial purposes. The mortgage is usually secured against existing business properties such as office buildings, hotels, apartment blocks, garages, or warehouses – essentially any type of property that is owned commercially by a business.
Are you looking for a Commercial Mortgage?
A Commercial Mortgage could be suitable for you if you are a Residential or Commercial property investor, with a simple or varied portfolio. Or if you are a business owner that wants to buy business premises.
We can assist you with Commercial Mortgage/Loans for:
- Farming/Agriculture Land
- High street retail units
- Multi-Unit blocks/Blocks of Flats
- Industrial blocks
- Warehouses
- Local convenience shops
- Shopping centers
- Office Blocks/Buildings
- Specialist healthcare establishments (care homes or pharmacies)
- Dentists or Doctor Surgeries
- Veterinary Surgeries/Practices
- Hospitality (hotels, restaurants, bed and breakfasts, and spas)
- HMOs (houses of multiple occupancies)
Why use Journey Mortgages for your Commercial Mortgage?
As a specialist broker that has access to a wide panel of lenders, we can source competitive mortgage rates that are not available from a high street lender, or directly to a private lender. If you have an existing portfolio we can also help source a single package deal which could mean more favorable rates across all your properties within the portfolio.
Journey Mortgages can help you to access a panel of lenders able to help you with your commercial projects and Development finance needs. From the simple to the complex, Journey Mortgages are well suited to help and guide you on your options.
Would you like to learn more about commercial property mortgages in the UK? We are on hand to assist and, as an independent mortgage broker, we have access to a comprehensive market, and can offer you competitive rates.
We are here to assist you with advice on Commercial Property Finance in the UK. We can even look at a rate that you have been currently offered to see if we can provide something more affordable, or in line with your financial goals.
FAQ
In order to take out a mortgage on a commercial property, the lenders will need to see suitable repayment strategies and the valuation will need to be satisfactory. Suitable repayment strategies will vary depending on the situation. If you are mortgaging for your own business purposes, then the lenders will need to see trading accounts and be satisfied with the profitability of your business. If you are mortgaging commercial property that is already rented out, then the lenders will need to see suitable tenancy/lease agreements in place.
This will depend on the situation of the mortgage itself. Commercial mortgages become regulated if 40% or more of the property is to be used as or in connection with a dwelling, otherwise, they are classed as non-regulated transactions.
Depending on the situation and what your particular needs are, you can obtain various commercial mortgages over a varied length of time, also you can arrange them on a repayment or interest-only basis.
If all case requirements/information and documentation are correct and satisfied, a commercial mortgage can take a matter of weeks to arrange.
To pull equity out of commercial properties, firstly the valuation of the property needs to be sufficient enough for the purposes of the mortgage itself. You will not be able to borrow more than the value of the property itself.