One of the main ways that commercial mortgages differ from residential mortgages is the amount of deposit you normally have to put down. A commercial mortgage typically requires a larger deposit than a residential mortgage and it is not unusual for the maximum 'loan to value' (LTV) to be 75%, meaning you need a 25% deposit....
Interest rates in the UK look set to rise over the next few months to combat rising inflation. Pressure is mounting on the Bank of England to raise rates with inflation in the UK now exceeding 4 per cent. Speculation is mounting that the Monetary Policy Committee may double rates to 1 per cent in the near future.
Many of those who are looking to acquire a commercial mortgage have no idea how essential having the right insurance policies can be. We are not just talking about one policy for everything, you will a handful of different policies to cover every eventuality and the cost of the premiums can soon add up, building, contents, liability, fire, flood to name a few of the main policies.
Although your agent may look after much of the specific details of the letting, there are certain responsibilities that you retain as the landlord of the property. Our guide outlines four of the most important things you should know when letting a commercial building.
It has been a tough few years for small businesses. Banks have been reluctant to lend to medium sized enterprises since the 'credit crunch' and companies have found it difficult to obtain the bank loans and commercial mortgages they need to build their businesses.
Taking out a commercial mortgage can help your company in dozens of ways. As well as benefiting from capital growth in your business premises, you can also better control your cash flow by fixing your property outgoings. Find out many of the reasons why businesses go for a commercial mortgage!
Finding the right remortgage can be tough. Not only do you want to take advantage of a great interest rate but you may also want to fix your payments. You may also want to borrow additional funds to consolidate debts or undertake some home improvements. And, you may want to benefit from an offset facility or from greater payment flexibility.