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Commercial Mortgages

Please read through some general information on Commercial Mortgages below. If you would like independent advice on commercial mortgages available on the UK market to meet your needs, then please click below and submit an enquiry. Our Internet Mortgage Service can introduce you to independent mortgage advisers who have whole of market access and who can help you to find and obtain the most appropriate commercial mortgage to meet your needs. Click Here for a FREE Commercial Mortgage enquiry

We believe that regulated service is the best service!

ABOUT YOUR MORTGAGE Mortgage Type: First Time Buyers Buy-To-Let Purchase Re-Mortgage Commercial Right-To-Buy * Value of current or new property: * Current Mortgage: * New Mortgage: * Do you have any secured loans: Yes No * Do you have any unsecured loans or credit card debt: Yes No * Have you missed any mortgage, credit card or loan payments in the last 12 months: Yes No * Is this a self cert mortgage Yes No * ABOUT YOU Name: * E-mail Address: * Telephone Number: * Postcode: * On pressing the send button you will be contacted by Choice Loans & Mortgages who will contact you with whole of market mortgage advice. * All fields must be completed

 

Commercial mortgages can be split into two main categories, "owner occupier" - the borrower is purchasing a business premises and "commercial investment" - the borrower is purchasing property as an asset to rent.

The commercial mortgages market is characterised by complexities not present in the Residential and Buy to Let markets. The market does not feature the dynamic and highly competitive price structure seen in the domestic market. There are however increasing numbers of lenders offering tranches of fixed rate money for small and medium sized loans.

All lenders, above a certain minimum loan value (normally around £500,000), will go to the money markets and price up a transaction based on a margin and SWAP rate price (the rate banks and building societies lend each other money).

Loan to property values are dependent on industry sector and proprietor circumstances in the owner occupier arena, and by the quality of tenant in the commercial investment market. In general however for small or medium sized loans, for the borrower to be considered would be an approximate maximum loan to value of 75%; however there are lenders that will offer 80%+ loan to value in some cases.

The typical commercial mortgage loan period will be a maximum of 25 years.  

Do you want all the benefits and features of a qualified, professional mortgage adviser who will act for you? Complete the online enquiry form. For further information on the service offered through 1st Direction Mortgages, please e-mail us on information@1stdirectionmortgages.co.uk.

We believe the best assistance comes from a regulated mortgage broker!

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

This web site is operated by Internet Marketing & Management Services Ltd and introduces clients to independent financial advisors. Internet Marketing & Management Services Ltd does not provide any finance advice and only acts as an introducer to regulated companies.

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