Mortgage Help For Those Seeking A Commercial Mortgage Quote To Best Suit Their Circumstances
We Could Help find you a Commercial Mortgage, At a Very Competitive Interest RateThe 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. All You Have To Do is simply fill out our Quick Mortgage Application FormFREE Copy Of Our "Mortgage" Guide - Click Here
What is the minimum deposit I will need for a commercial mortgage?Most commercial mortgage lenders will expect a deposit of 20%-30% of the value of the property that you are wanting to purchase. If your business can demonstrate financial strength and efficient operation, then some lenders may accept a deposit as low as 10%, although the interest rate charged for this may be higher compared to mortgages of 70% - 80%. Commercial Mortgage Lenders will look at the industry that your business will operate in and accordance to that will have certain predefined levels for the amount of deposit needed in these industries. For example if your business was in the Retail Sector you may have a maximum LTV of 85%, compared to if your business was in the Office Sector then you may have a maximum LTV of 75%.The mortgage lender will consider the following information when making the assessment on how much deposit you will be required to make, business history, including three years’ audited accounts, balance sheet, cash flow forecast and an accountant’s certificate; LTV; length of the loan; and the personal financial records of the person who is applying for the business on its behalf.However there are some mortgage lenders who may provide commercial mortgages for businesses who do not meet the normal criteria, or those run by individuals with adverse personal credit history. The interest rate charged for these special cases will reflect the perceived risk, and there are now a number of specialist commercial mortgage lenders who operate in this market. Commercial Mortgages Frequently Asked Questions
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