Commercial Owner Occupied Business Mortgages
Purchasing or Remortgaging Property for Your Business
Mortgages for Owner Occupation
These are mortgages where the applicant is running, or intends to run, their own business in the property. Mortgages are available for new business start-ups, where a business plan and a projection of 1st years trading is required, as well as existing businesses, where the last 2, or 3 years accounts are required.
If no proof of income is available, we can arrange self-cert commercial mortgages, where an accountant’s certificate is all that is required in most cases.
Business and Retail Property
Retail Shop with Owners Accommodation
Shops & High Street Retail
Pubs & Licensed Trade Premises
Cafe’s and Hot Food Outlets
Bars & Bistro
Residential Owner Occupied Property
Homes of Multiple Occupation (HMO)
Bed and Breakfast & Guesthouse
Tourism and Leisure Property
Golf Courses & Golf Property
Sports & Fitness Centers
Cinemas & Theatres
Caravan & Camping Parks
Health & Spa Resort Hotels
Healthcare and Education Property
Private Medical Practices
Schools & Education Centers
Factories & Manufacturing Facilities
Car Wash Garage
Remortgaging Commercial Owner-Occupied Premises
We can arrange funding up to 75% of the property value to purchase or refinance an existing mortgage facility and for capital raising.
Lending is subject to trading performance and the type of industry, as well as the condition and location of the property. Mortgage loan size range from £75,000 to £10m.
All mortgages are generally subject to status, although facilities exist for those applicants who fall outside of usual lending criteria.
The mortgage is generally based on the ‘bricks and mortar’ value of the building. This excludes the value of the business goodwill and value of any fixed assets within the business. In some business sectors, mortgage lending can also be based on the business appraisal value, which can include goodwill.
Outline of Lending for Owner-Occupied Commercial
We can offer the following for owner occupied business commercial
Borrow from £25,000 to £10m
Mortgage terms up to 30 Years
Up to 75% of the property value or purchase price
Repayment or interest-only options
Other Commercial Property
Petrol Flling Stations
Roadside Retail & Service Areas