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Commercial

There are many varieties of commercial lending and this is a very complex and specialised area of the market. Many lenders specialise in different fields and this can change on a regular basis dependent upon where the lender wants to position themselves in the market at that particular time.

The two main types of commercial lending are owner occupier and commercial let. An owner occupier loan will be where a client is looking to raise funds for commercial premises that they own. Commercial let is where a client is looking to raise funds for a property they own but have a tenant renting the property from them (like a commercial buy to let).

Owner Occupier – the lender will concentrate on the strength of the business and the individual looking at their last 3 years accounts, management accounts, bank statements, CV’s for key individuals and understanding of what the funds are to be used for.

Commercial Let – it is still important for the lender to understand the individual and the company as per an owner occupier loan, however, there is far more focus on the tenant, the type and length of tenancy and the financial strength of the tenant demonstrating their ability to pay the mortgage.

Your property may be repossessed if you do not keep up repayments on your mortgage.

Commercial mortgages are not regulated by the FCA.

For Commercial mortgages we act as introducers.

For mortgage advice we can be paid by commission from the lender or we can charge a fee of typically 0.5% of the loan amount.

Mortgages, Bentley Holmes, Independent Financial AdviceMortgages, Bentley Holmes, Independent Financial Advice