Finance Home / Commercial Mortgages There are a variety of different forms of commercial mortgage depending on your needs and plans. Commercial mortgages are generally misconstrued as similar to consumer mortgages but in reality they are far more flexible as commercial finance and can be used for a variety of purposes. Adept Finance UK in association with NBC-Finance can offer our clients a complete range of services:
Buy to Let Mortgages / Residential
But to let, Let to buy, Single units or multiple units, On off deals or complete portfolios, Properties let to Housing Associations Properties let to the Local Authority.
Own-Use Commercial Mortgages
Commercial Property purchase, Commercial Property extension/refurbishment.
Commercial Investment Mortgages
Owner Occupied, Mixed- self occupied and let, Fully let to a third party. Offices, Shops, Car Parks, Shopping Centres, Individual properties or multiple units, Large or small shopping Parades, mix of commercial and residential, On off deals or complete portfolios.
Commercial Development Mortgages
"Green field" property developments.
Business Purchase Mortgages
Business purchase, Business Start ups, Business Expansion
Refinance Existing Mortgage
Business refinance, Commercial Investment Property Re-finance| Business Valuations & Assessments |
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If you want advice about your existing business, or about a business you wish to purchase for a small fee, we can offer a preliminary investigation or assessment of the business and advice as to the potential and likely profits.
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Getting a loan isn't the only means of commercial finance open to many businesses. We can help you to decide whether or not a business loan is the correct type of finance for your company, but it may help you to read this guide.
Business loans and commercial mortgages are similar in that the lender will usually look for security for the loan - this could be based on company assets, such as the commercial property, or the company owner's assets such as their home. A business loan based on the company's assets In addition, a business loan based on the business will look for at least 3 years of books available as security.
Another barrier to a business loan being granted is whether or not the applicant has any CCJs against them. Occasional defaults on loans can be overlooked (they will be questioned) if they are just that - occasional and irregular but for a CCJ to have been made the applicant would be deemed to be a very bad risk.
There's little point in speaking to a mortgage broker until you've found a property you want to buy and have specifics on how much you need to borrow; formally applying for a mortgage can wait until you have your offer on a property accepted first.
If in the meanwhile you need to find out what the costs of your borrowing could amount to on a monthly basis you could use our mortgage loan calculator tool; simply key in details of the length, interest rate, and loan amount in order to give you a fairly accurate picture of how much your monthly repayments will be.
Most people are allowed to borrow around 3.25 times their gross annual income, and some lenders will allow you to borrow up to four or five times this depending on various factors such as your occupation, level of income, potential future income, and the percentage of your fixed monthly outgoings against your income when the new mortgage is factored into this.
Our mortgage loan calculator can also provide information for those who aren't buying a property, but instead considering re-mortgaging to another lender to obtain a more competitive interest rate and in turn lower payments.
Commercial Finance, Business Loans, Commercial Mortgage and Business Finance in Hertfordshire, Cambridgeshire, Buckinghamshire, Bedfordshire and Essex for Leasehold, Freehold and Investment Property.
Adept Finance Ltd is able to underwrite Business Loans, Business Finance, Commercial Mortgages and Commercial Finance in the UK regions of Bedfordshire, Berkshire, Bristol, Buckinghamshire, Cambridgeshire, Cheshire, Cleveland, Cornwall, County Durham, Cumbria, Derbyshire, Devon, Dorset, East Riding of Yorkshire, East Sussex, Essex, Gloucestershire, Hampshire, Herefordshire, Hertfordshire, Humberside, Isle of Wight, Kent, Lancashire, Leicestershire, Lincolnshire, London, Manchester, Merseyside, Norfolk, North Yorkshire, Northamptonshire, Northumberland, Nottinghamshire, Oxfordshire, Rutland, Shropshire, Somerset, South Yorkshire, Staffordshire, Suffolk, Surrey, Tyne and Wear, Warwickshire, West Midlands, West Sussex, West Yorkshire, Wiltshire, and Worcestershire.
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