Commercial Finance

COMMERCIAL FINANCE

Innovative funding for a rapidly changing market

Commercial mortgages are the equivalent of a mortgage/buy to let mortgage but secured against a commercial property instead of a residential property.

The assessment can come in two forms; owner occupied or investment

Owner occupied is if you intend to place your own business within the new premises. As such, your own business will be assessed for affordability to ensure it can meet the payments should it take on the debt.

You may decide to set up a property holding company to rent to your business. You may decide to buy it in your personal name and have your business rent it from you. You may decide to buy it in your SIPP/SASS pension. All will be assessed broadly similarly.

Investment is where you intend to buy the property to rent to third party business(es) and you’re borrowing the funds based on the strength of the lease profile.

Again, this may be purchased in a limited company, individual name or a pension.

Whether you’ve done your research and just want to make sure you’re not missing a trick, or your situation is more complicated and you don’t know where to start, contact us today and let us help you.

‘Depending on your circumstances in this application, this may or may not be an FCA regulated product. Node will advise you prior to application whether it falls under FCA regulation or not’