Business Commercial Mortgages
Buying a property can be a major cost to many businesses, and managing that investment wisely can have real business benefits. A Business commercial mortgage can be a good way of purchasing commercial property or remortgaging commercial owner occupied land or premises, residential investment property or purchasing a share in the customer’s own business.
So put simply, a business commercial loan mortgage is a loan for a property that is used for business purposes.
Commercial mortgages are specialised due to the fact that the lender has a legal claim over the property until the loan has been repaid in full.
A business commercial Mortgage can also be used for property/part residential and business property such as guest houses, owner occupier hotels, kennels and cattery businesses with domestic home on site. Tea rooms and village stores, or home residence with business office use attached.
Despite the ‘doom and gloom’ that prevails in the UK at the moment Business commercial Mortgage lending is still widely available.
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