Business Mortgage UK welcomes you. Business Mortgage are used to purchase a business property or going concern, for the expansion of existing business premises or for property development. Commercial property includes shops, public houses and farms.


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Types of Business Mortgage:

Articles

  1. Understanding a UK Commercial Mortgage
  2. How Easy Is It To Get A UK Commercial Mortgage?
  3. Mortgage Glossary Of Terms
  4. The Benefits Of Using An Independent Commercial Mortgage Broker
  5. 100% Commercial Mortgage
  6. Looking into Commercial Mortgages
  
100% Commercial Mortgage

Commercial mortgages that offer a 100 percent mortgage will call for the use of your purchased property as security instead of requiring you to pay a down payment or a deposit. With a 100 percent commercial mortgage you will be charged with other fees that you need to pay, which include legal and valuation fees. In the majority of cases, said fees are just made as add-ons to the mortgage, providing that the property you plan to purchase has enough security.

Most mortgage companies offer commercial mortgages ranging from 70 to 80 percent of the total market value of the property that you plan to buy. This means that you will have to look for the rest of the money needed to pay for the property that you want to buy. With this type of commercial mortgage, you could be left to look for quite a large amount of money, which could make you think twice about applying for this type of mortgage.