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Commercial Mortgages Free Help and Advice
Commercial Mortgages are mortgage loans advanced by lenders to enable purchasers to buy commercial property such as business premises, factories, shops, offices, warehouses, garages, storage units, hotels and licensed premises. Most banks and building societies offer Commercial Mortgages, as do many other lenders.
Commercial Mortgages are also used to purchase entire businesses as well as business premises. So if you are looking to expand your business, or to purchase an existing enterprise as a going concern, then a Commercial Mortgage might well be the mortgage product for you. |
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Why Commercial Mortgages?
Commercial Mortgages are a specific mortgage product designed for a specific purpose - that of purchasing an existing business or business premises or expanding an existing business. As with any mortgage, the business premises purchased will be used as security for the loan, which is generally one of 15 years or more.
Commercial Mortgages Advice
The best advice for anyone seeking a Commercial Mortgage is to seek professional help from a professional mortgage broker or advisor. They will have experience in dealing with mortgage products tailored towards the purchase of businesses or business premises.
In Summary
In summary, if you are purchasing business premises then a Commercial Mortgage is the mortgage product for you. Bear in mind that any lender will expect your business to be both creditworthy and have a viable business plan for the proposed purchase before advancing the loan. Any lender will also expect you to provide a reasonable deposit towards the purchase.
