Is a Commercial Mortgage right for me?
Whether you are just starting up a new company or whether you’re the CEO of a multi-national corporation, a commercial mortgage could be the right solution for your business.
Here at Touch, our team of commercial finance professionals are ready to guide you through the complexities associated with commercial mortgages, irrespective of what stage you are at.
We’ve outlined below a number of the most common reasons for considering a commercial mortgage. But remember, we’re not here to pigeon hole businesses, so if you have a slightly different requirement or reason for considering a commercial mortgage, why not give one of our advisors a call now? We’re ready to help your business.
- Purchasing a property – the most common reason for a business to consider a commercial mortgage. If you are currently renting your business premises, you may be surprised to find that your monthly repayments may not be much different to your current monthly rent. Plus, your business could benefit from owning a key business asset, with the potential to gain from any property market appreciation.
- Expanding or developing your existing property – if you already own your business premises, you may wish to expand your business further. A commercial mortgage allows you to leverage your existing assets with a view to facilitating long-term growth. Alternatively, you may wish to improve your current facilities, perhaps to improve your corporate image or even staff morale. What ever the reason, a commercial mortgage can be an affordable solution to support your business’ continuing developing.
- Investing in a commercial buy to let property – purchasing commercial premises with a view to renting them out has been one of the UK’s fastest growing investments in recent years. This is largely due to the success of the residential buy to let market, but also attributable to strong capital growth witnessed throughout the UK since the mid 1990’s. Many lenders will not consider certain types of business premises for a commercial buy to let mortgage, however, offices, retail units, warehouses and factories are widely regarded as acceptable.
