commercial Mortgages

What is it?

In simple terms, a commercial mortgage is the business form of a personal mortgage. The mortgage is a long-term loan taken by the business which is secured on a specific property or properties. With many different commercial mortgage lenders and literally hundreds of different commercial mortgage products, selecting the right one may seem confusing, but that’s where an experienced commercial finance broker can really help. Buying a commercial property for rental purposes or for your own business to trade from can be a sound investment, but as with all big decisions, it’s worth considering all the options before you jump in.

The benefits

  • An investment into your future – if a mortgage payment is the same as your lease or you can earn more in rent than your mortgage (if renting the property) then you will repay the mortgage and at the end you will own the property outright.
  • Much longer term than with other forms of finance meaning you can borrow a large sum whilst keeping monthly payments low.
  • If borrowing on an existing unencumbered property, you can borrow significantly more than you would be able to without the property as security.
We got our property funded 100% using the guys at Magna! The deposit was funded through a long term unsecured business loan and the mortgage was arranged incredibly quickly after we were declined by another lender. We were already trading from the property and buying it from the landlord reduced our monthly outgoings at the same time as providing the property as a long term asset.
Paul CarterMaccplas Ltd

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Who we work with

A Selection of our  strategic finance partners

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What does it Cost?

Rates are low and the term is often long which keeps payments low. There are lots of other considerations though such as interest only or repayment, repayment holidays and the loan to value you are able to borrow up to. We can assist in helping you borrow 100% through a hybrid of commercial mortgage and business loan top up.

Find out how we can help?

Providing bespoke, collaborative and expert funding advisory to business owners throughout the United Kingdom

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CONTACT

0113 512 2711
hello@magnamoney.co.uk
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