What deposit is required for a commercial mortgage?

You would need between a 25-35% deposit for a commercial mortgage. The deposit amount that you pay will depend on several factors, such as the type of property you intend to buy (office, shop, garage, etc). Also, what your risk level is to the lender, based on these factors the lender will offer a loan amount.

What are commercial mortgages for? These come under the categories: commercial premises purchase, cash injection, and buy-to-let.

Commercial Premises Purchase

Commercial premises are retail shops, office buildings, health, and fitness space – basically any physical space that is used to sell a service or a product. Commercial Premises Purchase would also cover semi-commercial (flats on top of shops).

Another commercial mortgage is a company limited buy-to-let purchase.

A key thing to remember with any mortgage is key advice from the FCA (Financial Conduct Authority) “your home may be repossessed if you do not keep up with payments”.

Journey Mortgages is a specialist broker that can help you with commercial mortgages and more. Get in touch, and one of our friendly team with be happy to help you with your enquiry.

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