What is a Commercial Mortgage?

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Commercial mortgages are a crucial tool for those businesses where there is a need to buy land for business purposes or to refinance to help push a business into the next phase of its development. A commercial mortgage is similar to a traditional residential mortgage in that it is money that is borrowed against the security of a property.

Commercial mortgages are often used to help an existing business expand its operation, or as a way of developing a plot of land or various properties for commercial purposes. By securing a business to a property, it can be an exciting way to fund the development of a business.

Through a commercial mortgage you can secure finance for buying premises to be used for a business venture, you can put together a plan to develop a business that is occupied by the owners, add to your existing buy-to-let portfolio of residential and commercial properties, or secure land to develop various ventures.

A commercial mortgage is traditionally secured on a long-term loan basis, up to 25-years, but at Central Mortgages we appreciate that every single business is unique, and that is why we offer a variety of commercial mortgages to suit every story. It is also important that you have an exit strategy in place, whatever your principal plans for the commercial mortgage are.

Central Mortgages has a team of experienced commercial mortgage brokers that are in the perfect position to offer you expert advice and guidance. If you would like to find out more, please contact us today on 01277 630 183 or office@centralmortgages.net.