Mortgages to help your business grow.
Please Note: Commercial Mortgages is arranged by referral only.
Keynote Mortgage Solutions does not provide advice on or arrange Commercial Mortgages. However, if you have a commercial mortgage enquiry, we can refer you to a third-party commercial finance specialist who can discuss your circumstances, available options and any recommendations directly with you.
Commercial mortgage enquiries are handled on a referral-only basis. Any commercial mortgage advice, recommendations or arrangements will be provided by the third-party specialist.
Commercial Mortgage Information.
Purchasing or refinancing commercial property can involve a number of financial considerations. Different lenders may have different requirements depending on the property, the purpose of the borrowing, the applicant and the overall circumstances of the transaction.
Understanding the basics of Commercial Mortgages can therefore be useful before speaking with a specialist.
Keynote Mortgage Solutions can provide general information about commercial mortgages but does not assess, recommend or arrange commercial mortgage products. Where you require advice about your individual circumstances, we can refer you to a third-party commercial finance specialist.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
Understanding Commercial Mortgages.
A Commercial Mortgage is a form of borrowing typically used to purchase or refinance property for business or commercial investment purposes. The mortgage is secured against the property being financed.
Commercial mortgages may be associated with properties such as offices, retail units, warehouses, industrial premises, restaurants, cafés, professional practices and certain mixed-use properties.
Some businesses use commercial mortgage finance when purchasing premises from which they intend to operate. Commercial property investors may also use this type of borrowing when purchasing property that will be leased to another business.
Commercial mortgage criteria can vary considerably between lenders. A third-party commercial finance specialist can assess an individual enquiry and explain the options that may be available.
A Commercial Mortgage may be considered for a variety of property-related purposes, including purchasing premises for a business, buying commercial property as an investment or refinancing existing commercial property borrowing.
The deposit required will vary depending on the lender, property and individual transaction. Lenders will usually consider the amount being borrowed in relation to the value of the property alongside factors such as the applicant’s financial circumstances, business performance, property type and intended use.
How commercial mortgages work.
Although commercial mortgages share some similarities with residential mortgages, the way an application is assessed can be different.
Commercial lenders may consider factors such as the value and type of property, the size of the applicant’s deposit or existing equity, business performance, rental income and the intended use of the property.
The structure and term of the borrowing can also vary depending on the lender and transaction. This means commercial mortgage applications are often considered on an individual basis rather than using one standard set of criteria.
For information specific to your circumstances, Keynote Mortgage Solutions can refer you to a third-party commercial finance specialist who can assess the enquiry and explain potential options.
Lender Criteria.
Commercial Mortgages are generally assessed according to the lender’s own commercial lending criteria, with both the applicant and property potentially forming part of the assessment.
For owner-occupied business premises, a lender may consider information such as trading history, business accounts, profitability and the financial position of the business.
Where a property is being purchased as a commercial investment, expected rental income, tenancy arrangements, property type and other aspects of the investment may also be considered.
Credit history, available deposit or equity and the overall strength of the transaction can also influence a lender’s decision.
As lender criteria vary, a commercial finance specialist can review the circumstances of an individual case and determine which options may be worth considering.
Commercial mortgages aren’t just for large companies. Sole traders, partnerships, limited companies, property investors and small businesses can all apply for commercial mortgages, provided they meet a lender’s affordability and lending criteria.
Expect Mortgage Advice.
Commercial Mortgages can involve different lending requirements depending on the property, business and reason for borrowing.
A specialist commercial mortgage broker or finance professional can assess the circumstances behind an enquiry, explain relevant lender requirements and discuss finance options that may be available.
They may also be able to assist with the commercial mortgage application and communicate with the relevant lender and other parties during the process.
Keynote Mortgage Solutions does not provide this commercial mortgage advice itself. Instead, we can refer commercial mortgage enquiries to a third-party specialist who can provide the appropriate support.
Let’s Get Started.
If you are considering buying business premises, refinancing commercial property or purchasing a commercial investment, you may want to speak with a specialist about the finance options that could be available. Contact Keynote Mortgage Solutions to request a commercial mortgage referral.
Frequently Asked Questions
Commercial mortgages may be available to limited companies, subject to the lender’s individual criteria and assessment of the proposed transaction.
A commercial finance specialist can assess the circumstances of the company and explain which options may be available.
Commercial mortgage deposit requirements vary considerably between lenders and transactions.
The amount required can depend on factors including the property, borrowing amount, applicant, intended use and lender’s criteria. A commercial finance specialist can provide information based on the individual circumstances.
Commercial mortgage finance may be available for qualifying properties purchased as investments and intended to generate rental income.
Availability and lending criteria will depend on factors such as the property, tenant or proposed tenancy, rental income and individual lender requirements.
Commercial mortgage timescales vary depending on the lender, property and complexity of the transaction.
The commercial finance specialist dealing with the application should be able to explain expected timescales once they have reviewed the circumstances.
The amount a commercial lender may be prepared to offer will depend on the circumstances of the transaction.
Factors such as property value, deposit or equity, business performance, rental income and lender criteria may all be relevant.
Keynote Mortgage Solutions does not assess commercial mortgage borrowing capacity. This would be considered by the third-party commercial finance specialist following referral.
If you have a commercial mortgage enquiry, you can contact Keynote Mortgage Solutions and request a referral to a third-party commercial finance specialist.
The specialist can then discuss your requirements directly with you and provide any advice, recommendations or assistance relating to a commercial mortgage application.
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Local mortgage advice.
If you are researching Commercial Mortgages in Newcastle-under-Lyme, there may be several factors to consider depending on whether you are purchasing business premises, refinancing commercial property or considering a commercial property investment.
Different lenders may have different requirements regarding property types, deposits, business performance and the purpose of the borrowing.
Keynote Mortgage Solutions does not provide commercial mortgage advice. However, businesses and property investors in Newcastle-under-Lyme and the surrounding Staffordshire area can contact us for a referral to a third-party commercial finance specialist.
