Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice should there not be a procurement fee from the lender. The actual amount you pay will depend upon your circumstances and you will know in advance of the application.
Purchase your own Commercial Property
Rental for commercial property can over time prove to be quite expensive.
There’s one way to try and negate this, which is by purchasing your own property to use for your business.
This way you’d not only benefit from growth in the property value. But you’re ensuring that you’ll never again be met by unexpected increases in rental payments.
What can link Commercial Property with your Pension Plan?
The fact is that you’re able to purchase commercial property through a personal pension plan.
This way if you let the property out you pay no income tax on the rental income. You also pay no capital gains tax on the growth in value once you sell the property.
Do get in touch If you are interested in buying a commercial property.
Other Mortgages
We cater for multiple mortgage options, covering all types of property purchases
Enquire about a Commercial Mortgage
If you’re considering buying a commercial property, either for your own business use or for rental, please complete the enquiry form below for a no-obligation conversation.
Questions people & businesses have when looking into buying property for business
What is a commercial mortgage?
It’s a product of property finance, that is specifically aimed towards business owners who wish to, or intend to buy property or land for commercial use.
In finance, the term commercial mortgage is associated with and comes under the umbrella of business finance a term used by some, or business loans a term used by others.
How do commercial mortgages work?
Mortgages used for the purchase of commercial property work in similar ways to that of residential mortgages used for a house or flat purchase.
Mortgage terms can commonly last up to 25 years, a majority of lenders will let the business borrow up to 70% of the property’s value, the intention being that the business will then repay the capital in regular instalments
Is stamp duty payable on commercial property?
Yes, although we’d more often than not, only really hear of Stamp Duty being mentioned or referred to when buying a residential property.
Stamp Duty Land Tax (SDLT) is also payable on commercial property purchases also.
Is a commercial mortgage more expensive?
As this mortgage lending product targets the business sector it does as a consequence carry a higher risk profile.
Therefore, commercial lending will be more expensive than residential lending.
Some factors which may affect the interest are:
- The LTV (loan-to-value) Ratio
- Business Credit History
- Trading Experience
- Business Profitability
Kind words from our Mortgage Customers
Here is a short selection of customer testimonials that we’ve received as a direct result of the help and assistance provided through our mortgage advice
“Vurun sorted my remortgage out very quickly and kept me informed throughout the whole process. I would recommend him to anyone that needs help with a mortgage”
Mark
“My wife and I decided that we wanted to move to a bigger house. We contacted Hagley Financial Planning and Vurun guided us from our first conversation all the way up until it was time to move in. I wouldn’t use anyone else except for these guys”
Daniel
“I needed a remortgage and the first person that was recommended to me was Vurun Sahota. From the first contact with him, I felt comfortable that he was going to do a great job and I wasn’t wrong. Thank you Vurun”
Sarbjit
News & Articles
A short selection of news and articles from in and around the financial sector, that could impact/affect your situation, for which you might require independent financial advice on
