Commercial mortgages – places to do business in.
A commercial mortgage for your business premises – whether you’re buying new premises or remortgaging your existing premises to raise money or reduce payments, our commercial mortgage experts will work with you to assess your business needs and put the lending you need into place.
Commercial mortgages can be used for a variety of purposes, including buying a property, refurbishing a property or raising money for your business cash flow.
If you need a commercial mortgage calculator please sign up to our business finance newsletter, we’ll send you a downloadable calculator to keep and compare mortgage products in the future.
We can also review your current mortgage payments and reschedule your payments to reduce your monthly outgoings or help you repay your mortgage faster
Repayment terms can be up to 30 years with some lenders, spreading your payments out over a longer term can reduce your monthly repayments quite considerably, for example – the same £500,000 commercial mortgage, with the same interest rate of 3.5% but over different terms will have the following monthly repayments;
10 year commercial mortgage
£4,944 per month
20 year commercial mortgage
£2,890 per month
30 year commercial mortgage
£2,245 per month
There’s a great deal to consider when you’re considering commercial mortgages and the interest rate is just one of those considerations.