Commercial Mortgage Rates
Commercial Mortgage Rates
Commercial mortgage rates are usually lower than others as businesses are thought of as less of a risk than residential customers. You may be offered very reasonable commercial mortgage rates but they will usually be one of the following:
- Base rate – set by the Bank of England, as the interest rates changes, so does the base rate
- Variable rate – most commercial mortgage lenders set their standard variable rate at around two per cent over the base rate and will often be able to get a lower interest rate than on a fixed rate mortgage
- Fixed rate – this will remain the same even if base rate falls so you will always know what your monthly repayments will be.
You may have to pay arrangement fees or early repayment fees if you wish to pay off your loan early. Commercial mortgage rates can be confusing so if you would like a free quote or advice on the most suitable commercial mortgage rate for you simply fill in theBusiness Finance Quotes form and business finance experts, Capex, will be in touch.
Alternatively click on commercial mortgage advertising links below: