Commercial Mortgage broker Essex & London
We are a family run business that cares about your business.
We will do our utmost to secure you the best commercial mortgage, whether it’s for property investments or commercial finance, so that you can move on to the next chapter in your business
Fill in the callback form below, and we will call you back. We don’t use third-party salespeople; you will speak to us directly, and we will take the time to understand your situation, including whether an interest-only option might be right for your commercial investment.
Alternatively you can call us directly on 0333 567 8960
Request A Commercial Mortgage Quote
Lenders have designed commercial mortgages specifically to support the business environment. If a business is currently renting business premises, be it a shop, warehouse or office – it can be more financially beneficial to buy their own commercial property. Then there are the investors that purchase commercial property for the business community.
Free no obligation finance quotation, no credit searches required.
The Commercial Mortgage market
Commercial mortgages have become competitive, where high street banks once dominated we now have alternative lenders, specialist lenders, niche lenders, challenger banks all jockeying for this business. Because of competition between the suppliers, our clients benefit from our experience and relationships with lenders. We know which are the best lenders to approach, based on your industry and your requirements
Why buy your own Commercial Premises
When businesses operate from rented accommodation, there comes a point when it may be advantageous to purchase your own premises. This decision may be driven by a requirement for more office or storage space due to an expanding business or influenced by your landlord seeking to raise your rental agreement. A restrictive lease may even be holding you back from driving the business forward.
If you relate to these situations, then it may be worth considering whether the time is right to buy rather than continue to rent. After all, each month’s rent is money you will never see again, whereas buying represents an investment in a business asset that, over time, has the potential to increase in value should property prices rise.
However, the UK commercial property market is rapidly changing, and property values can fluctuate. Purchasing a commercial property is a significant financial investment, but it can be a sound strategy to drive a business’s growth, especially when considering long-term property investments.
Let us be your trusted commercial mortgage broker and find the right solution for your commercial finance needs, whether it’s for a new purchase or refinancing with an interest-only mortgage option.
What is a commercial mortgage?
A commercial mortgage is a loan you take out to buy or refinance a property that will be used for business, like offices, shops, or warehouses
How is a commercial mortgage different from a home mortgage?
A commercial mortgage is for business properties, while a home mortgage is for living in. They usually have different rules, require bigger deposits, and can have shorter repayment periods.
How much deposit do I need for a commercial mortgage?
You’ll usually need a deposit of 20% to 40% of the property’s value. The exact amount depends on your financial situation and the type of property.
What are the interest rates for commercial mortgages?
Interest rates can vary, starting from about 3% and going higher depending on your credit history, the type of property, and the lender.
How long do I have to pay back a commercial mortgage?
Repayment terms are typically between 3 and 25 years. A shorter term means higher monthly payments but less interest overall. A longer term spreads the cost but may mean paying more interest
What do lenders look at when I apply?
Lenders check things like your credit history, the property’s value, how healthy your business finances are, and whether you can afford the repayments.
Can I get a commercial mortgage if I have bad credit?
It can be harder, but it’s possible. Some lenders specialize in helping people with poor credit, though the interest rates may be higher, and you might need a bigger deposit.
Can I claim tax relief on the mortgage interest?
Yes, in most cases, the interest you pay on a commercial mortgage can be claimed as a business expense to reduce your taxes. Check with a tax expert to confirm this for your situation.
What fees will I have to pay?
You might need to pay fees for setting up the mortgage, valuing the property, legal services, and sometimes a broker fee. It’s good to budget for these extra costs.
How can Financial Service Solutions help me?
We can help you find the right mortgage by comparing deals from lots of lenders. We’ll guide you through the whole process to make it as smooth as possible.
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Your home is at risk if you fail to keep up payments on your mortgage or any other loans secured against it.
Will Writing and advice on Lasting Powers of Attorney are not regulated by the Financial Conduct Authority.
Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.
Disclaimer: Financial Service Solutions Ltd has never now or has ever been involved with any companies of a similar name. Financial Service Solutions Ltd is an Appointed Representative of New Leaf Distribution Ltd. who are authorised and regulated by the Financial Conduct Authority. Number 460421
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