Business Mortgages
Business mortgages are used by companies and individuals purchasing or remortgaging a property to be used as a business premises.
These mortgages can be used on mixed use properties, i.e. part commercial, part residential such as shops with flats above or below. Some of the more common commercial mortgaged properties are listed below:
Hotels, B&Bs and guest houses
Pubs, clubs and bars
Cafes, restaurants and eateries
Retail units
Offices
Bridging Finance
Bridging Finance is a short-term loan secured on property or land and is often used to ‘bridge the gap’ between you buying a new house and selling your previous house. Or used by those wishing for short term finance to develop a property or land.
Bridging loans can also be used as a short-term loan to help you buy a property at auction.
As bridging finance is a short-term option it can only be arranged if there is a clear repayment exit strategy.
Property Development Finance
Development finance is normally a short-term loan and is secured against the property or assets requiring development.
This is often used to buy land, cover construction and manufacturing costs and it is structured to match a project.
As development finance is a short-term option it can only be arranged if there is a clear repayment exit strategy.
This type of finance should only be arranged by a professional.
Some forms of commercial mortgages are not regulated by the Financial Conduct Authority.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Impartial Mortgage & Protection Ltd will not give any advice or make any recommendations on commercial finance. We will initially discuss your needs/requirements and pass them to the most appropriate provider.