In order to finance a business mortgage, you are likely to be required to pay the lender a deposit, usually 25% of the property’s value. You will also need to be able to provide a range of information about the financial performance of your business, as the rates quoted will usually be directly related to this.
As with residential mortgages, there are a range of different options for a business mortgage. As you search for a business mortgage deal, you may wish to consider the following:
With this type of business mortgage, you would be required to make monthly interest payments whilst at the same time paying into a long-term investment plan; upon maturity, this investment will need to be able to repay your mortgage loan
This type of business mortgage would involve you making monthly payments of interest plus capital until the loan is fully repaid
This would involve an interest rate that is guaranteed to be of a fixed amount for a set period
This type of interest rate is subject to change in line with the Bank of England base interest rate
Getting your business finances and mortgage in order is as simple as clicking on the link at the top of this page.