Hi there With commercial property is there a limit how many years you can take the Mortage out or is it like buy to let up to yourself if you want 25 30 35 years.
Hi Salahuddine, Thank you for getting in touch. Every lender will differ, but typically it is an assumed term of 15-20 years. If you have any questions, please do contact me on 01625 416391 or robint@mortgagesforbusiness.co.uk Kind regards Robin Tait
My plan is to start by buying buy to lets until I have 150K equity on them & then refinance to use that as a deposit for a commercial building. Is that possible and what's involved? The commercial property will be for my business
Hi Marcus, thanks for your comment and great to hear you're looking to invest! Please get in touch with our expert brokers, that way we can talk through your plans in more detail and give you bespoke advice. Call us: 0345 345 6788 Email: enquiry@mfbrokers.co.uk Submit an enquiry via our website: www.mfbrokers.co.uk/about-us/get-in-touch
Is it possible to get a mortgage to purchase a business premises on a leasehold? The business im looking at is making good profit and i plan to run it myself.
Whilst we don’t predominantly deal with loans for leasehold premises, funding can be sourced if there is other supporting tangible security in the background or via a high street bank who provides loans supported by the Governments Enterprise Finance Guarantee Scheme. Please get in touch and I will be happy to discuss further. peterb@mortgagesforbusiness.co.uk 01732 471 641
Hi there
With commercial property is there a limit how many years you can take the Mortage out or is it like buy to let up to yourself if you want 25 30 35 years.
Hi Salahuddine,
Thank you for getting in touch. Every lender will differ, but typically it is an assumed term of 15-20 years. If you have any questions, please do contact me on 01625 416391 or robint@mortgagesforbusiness.co.uk
Kind regards
Robin Tait
Great subject, will be very interesting to see more requirements from lenders for a commercial mortgage, please. Thank you for the video. Keep up.
My plan is to start by buying buy to lets until I have 150K equity on them & then refinance to use that as a deposit for a commercial building.
Is that possible and what's involved? The commercial property will be for my business
Hi Marcus, thanks for your comment and great to hear you're looking to invest! Please get in touch with our expert brokers, that way we can talk through your plans in more detail and give you bespoke advice.
Call us: 0345 345 6788
Email: enquiry@mfbrokers.co.uk
Submit an enquiry via our website: www.mfbrokers.co.uk/about-us/get-in-touch
Thanks guys that was very helpful
Is it possible to get a mortgage to purchase a business premises on a leasehold? The business im looking at is making good profit and i plan to run it myself.
Whilst we don’t predominantly deal with loans for leasehold premises, funding can be sourced if there is other supporting tangible security in the background or via a high street bank who provides loans supported by the Governments Enterprise Finance Guarantee Scheme. Please get in touch and I will be happy to discuss further. peterb@mortgagesforbusiness.co.uk 01732 471 641