We can help you in your search for a Commercial Mortgage to help you find the best deal and to make an informed choice.
The term "commercial property finance" covers many different products and can have complex meanings. With several different options all under the same banner it can be difficult to choose the product that will best work for your business.
At MyInfinity Finance we will take the time to fully understand your individual needs to help guide you to the best commercial finance product. We can even help with finding a Solicitor who specialises in commercial property mortgages to ensure the entire process runs smoothly and efficiently.
To help you better understand what is on the market we have given a little information on the main products below.
As the name suggests, this is a mortgage product for your commercial property. This works in the same way as your residential mortgage but has been specially designed for a commercial setting.
A commercial mortgage is available to a wide range of business types, from limited companies, LLPs and sole traders, with lenders typically funding up to 75% of the purchase with terms up to 30 years.
The lender will base their decision on the profitability of your business and ability to afford the monthly repayments. The security taken is typically a first charge.
What are the pros and cons?
There are many factors to consider when considering your options but most business find a commercial mortgage protects them against any future rise in rent costs and allows them to expand their business by moving into larger/better premises.
However, if you are on a variable deal the cost of the mortgage could increase and may cost you more over a period of time.
Owning your own premises could give you the option to sublet part of it to another business to help meet your monthly repayments. If the property value increases your business capital will also benefit from the uplift. But, if you fail to keep up with the repayments on your mortgage you could face repossession.
When you might need commercial finance?
Generally speaking, you are likely to fall into one of three categories:
You wish to purchase a new commercial property to move your business into, or, you want to purchase the building you are in.
You want to purchase a commercial property such as a manufacturing unit, warehouse or office block to rent out to other businesses, but your own business won't be based there.
Like the above but instead of a commercial property you want to purchase a residential property to let to individuals.
If you would like further information on any of the above or you'd like to speak to a commercial finance expert, please contact us using the above form or request a call back.
Why choose us?
We are fully authorised and regulated by the FCA
We charge no up front fees
© MyInfinity Finance Limited - All Rights Reserved.
Co. Registration No: 08469710
Authorised and Regulated by the Financial Conduct Authority, Ref: 672182
Data protection act Reg No: ZA002246
Trading/Registered Address: MyInfinity Finance Limited: Suite 20, River drive, Cookson House, South Shields, NE33 1TL
MyInfinity Finance Limited acts as a credit broker and are not a lender.
Applicants must be aged 18 and over. Terms and conditions apply. Guarantees and indemnities may be required.
We do not charge our clients for any of our services but will receive commission from any lenders that we are successful in obtaining you finance from. We will never ask you for any upfront payments. Our services are for UK businesses only.