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The Main priority is to provide you with a first class service for all your Commercial Mortgage needs, Depending on your circumstance we can help you find a Commercial Mortgage at a very competitive interest rate, we do all the leg work, so you can relax. Click Here to request a call back and an advisers will contact you shortly.

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What Fees are Payable when obtaining a commercial mortgage?

The costs related to the purchase of the commercial property are usually higher when compared to the costs that are related to the purchase of a residential property. These costs will include brokers fees, lenders fees, and legal costs. Most Commercial brokers charge a fee. Brokers will normally charge two types of fees these are the appraisal feeand the arrangement fee The appraisal fee will be non refundable, and will cover the work the broker does to secure a written or verbal principle for your mortgage. Arrangement fee is sometimes known as the ‘success fee’ and is paid either when the broker obtains a written loan offer or the client accepts the offer.The typical lender will charge a 1% acceptance fee for an average commercial mortgage. The percentage is likely to be reduced for larger mortgages. The fee is payable on signed acceptance of the written mortgage offer. Sub-prime commercial mortgage lenders tend to charge higher fees.As with a residential mortgage, the commercial mortgage lender will require you to carry out a valuation of the property being offered as security for the mortgage. In addition, where the mortgage will be repaid by a trading business, the lender will usually require a Business Appraisal Report. Commercial property valuations are significantly more expensive than the residential version .Legal costs relating to purchasing a commercial property are higher than the residental costs as the work is more complicated. The fee charged will generally depend on the value of the property and the complexity of the work involved.

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Commercial Mortgages Frequently Asked Questions

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