Looking for an interest only business mortgage?
Interest only commercial mortgages are arranged with repayments that only cover the interest of the mortgage. Repayments themselves do not repay any of the capital. Businesses can repay the capital itself through a number of ways, but will have to prove they are able to this. Insurance, investment and asset sales are all options that can be used.
Interest only commercial mortgages can be of great benefit to businesses who wish to have lower regular repayments in the expectation of being able to provide a lump sum for complete pay-off within a number of years. However, careful plans need to be made to ensure that this is the case and you must be able to prove this to the mortgage provider.
Getting the right commercial loan is an important business decision and in this respect it pays to get expert commercial advice from a specialist.
For quotes and advice click on the link below and fill in the enquiry form today: