shop retail mortgage loan application

Shop and Retail Mortgages and Finance

The Commercial Mortgage Specialists can offer help and assistance for all your retail mortgages and finance requirements. We will ensure that every avenue is explored in order to help you achieve the lowest possible rates on Shop and Retail Mortgages and Loans. In order to provide a true comparison, we will approach a number of lenders in order to source the best deal!

~  Free impartial advice and guidance
~  Fast quotations available within hours.
~  Completions in a matter of weeks.
~  No high pressure interviews.
~  Mortgages available up to 100% of the property value.
~  Remortgage schemes available to raise cash for any purpose.
~  Bad credit history is no problem.
~  Pubs, hotels, farms, factories, warehouses, offices, shops, etc.
~  Non status and self certification made easy.

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Shops and Retail Mortgages and Finance

Whether you are looking for a local village store or a prime high street location it is usually necessary to apply for a commercial mortgage for the purchase of your shop.

A commercial mortgage can be used in order finance the purchase of a shop and to make improvements to it. This can be arranged both through a bank or a mortgage broker. The lender will generally require a 15% deposit and thus can usually provide finance for up to 85% of the value of the property. The maximum loan to value ratio however will differ from lender to lender however.

We specialise in arranging commercial funding for shops at the most competitive rates on the market. We are able to assist prospective shop owners who are looking to raise between £25,000 to £10,000,000 spread over available terms of between 3 to 30 years.

What is a commercial mortgage?

A commercial mortgage (or business loan as it is sometimes known) can be used to purchase a building which is used for, or which is going to be used for commercial use. This will of course cover the purchase of a shop. In this way the lender effectively offers to provide the finance for the purchase of a business premises.

Can I use it for anything else?

Commercial mortgages/Business loans can be used for many things. Some common uses include start up costs, expansion of the business, capital investments, and refinancing of business debt. Most business owners will pursue a business loan at some point because it is common to need additional funds at various stages of business development.

Where can I get a commercial mortgage for my shop?

Banks are a common source of business loans, but they are often more conservative in their lending decisions. Banks are more stringent will their lending criteria. For this reason they are more likely to grant funds to larger businesses that have been established for a significant amount of time. It is generally very difficult to secure finance through a high street bank for small and start up businesses without extensive accounts, projections, business plans and so on.

There are many commercial loan brokers with access to a variety of different lenders including those of the high street and those that specialise (Specialist lenders) in view of start ups and non status.