Best Commercial Mortgage UK

Commercial Mortgage Overview

Applicants are expected to have an experienced business acumen.

Contirbution towards the commercial mortgage is normally around 30%. The period of repayment is normally up to 15 years, provided that repayment is capable of being achieved prior to the expiry of existing leases.

As a general rule, gross rental income from properties charged to the Bank should cover the loan repayment by 130%. The margin will generally be sufficient to allow for voids and other overhead costs, eg. insurance, repairs and renewals.

Documents Required

1. If an existing portfolio is maintained: Schedule of current properties, incorporating open market valuations, existing mortgages, loan repayments, rental income, lease details in existence.
2. Financial accounts, if availabe.
3. Copy of bank statements to confirm satisfactory account operation and evidence of rental income.

*This guide is for information purposes only. You should seek professional advice on your commercial mortgage requirement from a commercial mortgage broker that holds a consumer credit licence.