A commercial mortgage is a type of loan that is obtained for the intention of purchasing or refinancing a property for commercial or business purposes.
Commercial mortgages are not regulated by the Financial Conduct Authority
How does a commercial mortgage in UK work?
There are no fixed rates available when it comes to a commercial mortgage. As a result, each application submitted to a lending manager is comprehensively evaluated to assess the risk levels involved.
On an average a commercial mortgage in the UK will last from a 3 to 25 year term.
Who uses a commercial mortgage?
The target audience for commercial mortgages are usually businesses that intend to acquire a property or unlock the value of an already owned building. This can then be utilized for business investments.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Please note:Our Commercial Mortgages proposition operated via Commercial Finance Brokers (UK) Ltd and BVS Mortgages & Financial Services Ltd is an appointed representative of Commercial Finance Broker (UK) Ltd which is authorised and regulated by the financial Conduct authority.
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