Commercial Mortgage Advice in Hull & Beverley – Mortgage Broker
BUSINESS MORTGAGE ADVICE IN HULL & BEVERLEY
COMMERCIAL MORTGAGE ADVICE IN HULL, BEVERLEY & SURROUNDING AREAS
What is a Commercial Mortgage?
A commercial mortgage is simply a loan secured against a commercial property.
They work very similar to residential mortgages in terms of structure, however usually a larger deposit is usually required.
As with all mortgage applications, a credit check and financial assessment will be performed on the business to ensure that the business can maintain the mortgage repayments.
A detailed business plan will need to be done to show any future expenses and cash fluctuations in the business.
The interest rate you are offered will depend on your overall risk to the commercial mortgage lender.
A commercial mortgage can be used for a first time purchase, to release capital already in a commercial property, or if you are paying a standard variable rate you are able to remortgage a commercial property to secure a new more competitive mortgage deal.
As with residential mortgages you are able to select a mortgage term and select a fixed rate if required.
Whether you have experience in purchasing commercial property or you are ready to stop renting and start investing then we are able to help.
We work with a very experienced commercial mortgage broker who will guide you through the process and recommend the most suitable commercial mortgage product for your business.
Commercial mortgages are available on most business types such as pubs, hotels, farms, guest houses, offices, retail units etc and many more.
This area can be a minefield and it will be very worthwhile to use an experienced commercial mortgage broker for peace of mind that everything runs smoothly.
For a free commercial mortgage review then please get in touch.
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Commercial Mortgage Advice in Hull, Beverley & Surrounding Areas
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Commercial Mortgage Broker