United Kingdom Business Mortgages

In the UK if you are looking to purchase some land or property and it will be used for commercial purposes then you need a specialist UK business mortgage. These work like a normal domestic homeowner loan only because the funds are used for business reasons the rate is usually slightly higher. The lender has more risk because businesses in general can be quite volatile. Businesses come and go and many new businesses only last for a few years before going out of business.

If you live in the UK business mortgages can be used to fund finance for a new venture or to remortgage and existing land or property. Types of properties that qualify are shops, factories, cafes, offices, doctors, warehouses, public houses, restaurants etc. 

Although banks and building societies do UK business mortgages the choice of products they give can be limited. If you have trouble providing income proof or if you credit history is not perfect then with banks and building societies you may encounter problems. If instead you don't have time for lengthy visits to your local bank's branch but want a hassle free way of applying to a specialist UK business mortgage broker then fill in our no obligation 2 minute application.