Commercial Mortgages

A Commercial mortgage is one of the most appropriate ways to buy land and building for business purposes. Whether you are looking to purchase business premises for your own use or to rent out, we are at Westminster Finance are happy to help.

Business loans up to £25,000 are generally unsecured, but for larger amounts lenders need security in order to reduce the risk to themselves.

Commercial Mortgage loans can be divided into two categories:

  • Owner-occupier mortgages: This is used to buy property that will be used as trading premises for your business.
  • Commercial investment mortgages: This is used for property you’re planning to let out.

The usual lender’s checks include:

  • Cash flow forecast, Profit and loss accounts
  • Management accounts with Projections
  • Serviceability and source of deposit amount usually between 20% – 40%
  • Depending on the transaction, property rental income also plays an important part towards serviceability
  • Company financials, general income, assets and liabilities

With so many factors to consider and varying eligibility criteria between lenders, we can look at your business circumstances and find the best solution for your business.

We work with a wide range of lenders and have the expertise and experience to match your business with the solution which best suits your requirements.

If you would like to find out more, get in touch today and we will be happy to help.

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