Commercial Mortgages
A commercial mortgage is different from a residential mortgage in that the property used as the security is a commercial premise. Such a mortgage could be suitable if you are wanting to invest in commercial property with a view to profit from the rental income or if you are a business that would like to purchase or raise funds against a commercial property that is used as your business premises.
As commercial mortgages can be more complex than residential mortgages, by allowing us to work with you we can assist in getting you the commercial mortgage that meets your requirements and is suitable for the type of property that is being used as the security. We would encourage you to get in touch even if you have experienced problems obtaining credit (commercial or non-commercial) in the past and consequently your credit history might be less than perfect.
About Us
Cubic Financial Services is dedicated to providing clients with expert advice on Mortgages (Residential & Buy to Let) & Protection (Life Insurance, Income Protection, Accident Sickness & Unemployment insurance). We are also able to assist you if you have any Commercial, Bridging & Development Finance requirements. We are committed to putting clients at the heart of everything we do and to developing long-term relationships with our clients. This is achieved by ensuring that we understand the individual needs of each client.
Whilst we pride ourselves on the friendly and approachable nature of our advisers and on being an integral part of the local community in Slough and surrounding areas, we at Cubic Financial Services are keen to help clients nationwide, to ensure that you have access to the right advice regardless where you live.
Cubic Financial Services is dedicated to providing clients with expert advice on Mortgages (Residential & Buy to Let) & Protection (Life Insurance, Income Protection, Accident Sickness & Unemployment insurance). We are also able to assist you if you have any Commercial, Bridging & Development Finance requirements. We are committed to putting clients at the heart of everything we do and to developing long-term relationships with our clients. This is achieved by ensuring that we understand the individual needs of each client.
Whilst we pride ourselves on the friendly and approachable nature of our advisers and on being an integral part of the local community in Slough and surrounding areas, we at Cubic Financial Services are keen to help clients nationwide, to ensure that you have access to the right advice regardless where you live.
Security
Buildings such as a shops, offices, warehouses and industrial units are typically used as the security for a commercial mortgage.
Credit History
Whilst having a good credit history will help, some commercial lenders will offer mortgages to those that have experienced problems with obtaining credit in the past.
Borrower
Can be an individual but also can be a business that uses the premises for trading. If the borrower is a business, the credit worthiness and financial conduct of the business will play a role in the approval of the mortgage.
“We are committed to putting clients at the heart of everything we do and to developing long-term relationships with our clients”
Deposit or Equity
Commercial lenders will typically lend up to 75% of the value of the property as long as the other lending criteria is met. Therefore, to purchase a commercial property you should have a deposit of 25% of the value of the property and for a remortgage 25% equity is likely to be required.
Capital Raising
Funds raised through a commercial remortgage can be used for several different purposes including acquiring additional property & redeveloping.
Tax Relief
If the property is wholly commercial, then the commercial mortgage interest payments are tax deductible.
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