Taking out a commercial remortgage on your business premises could be the best way to reduce your interest rates or raise capital on your business property
A commercial mortgage is a loan made using real estate as collateral to secure repayment. It is designed for individuals and companies purchasing or remortgaging a property to be used as a business premises.
A commercial mortgage is similar to a residential mortgage, except the collateral is a commercial building or other business real estate, not residential property. In addition, commercial mortgages are typically taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited company, so assessment of the creditworthiness of the business can be more complicated than is the case with residential mortgages and the rates for copmmercial mortgages are dependent on your industry sector, by your business' and your own individual track record.
Our expert advisor at GT Mortgages can source the appropriate commercial lender to meet your needs from a huge range of lenders including major banks, commercial building societies, regional and local building societies and specialist commercial asset lenders.
CALL US NOW ON 01324 622226.. We are happy to discuss your situation and help you choose the best mortgage deal to suit your need.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.