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Commercial mortgages for retails outlets, farms, offices and warehouses
At ITV local mortgages we can advise on all commercial borrowing requirements and can complete both the purchase and the remortgage of a commercial property. We offer commercial mortgages on a wide range of different properties such as:
- Warehouses
- Offices
- Shops
- Farms
A commercial mortgage is the most effective way of financing the purchase of a commercial property due to its affordability and flexibility, and at ITV Local Mortgages you can be assured that your query will be dealt with efficiently.
Self Certification Mortgages
Many self-employed borrowers have difficulty obtaining a mortgage due to their inability to prove their income. However, this no longer needs to be a problem as ITV Local Mortgages are able to provide many borrowers with a self-certification mortgage. This type of mortgage may not require the evidence of income that is usually required by lenders, in addition to this it does not require a trading period of 3 years.
Stability
By taking advantage of a fixed rate commercial mortgage you can protect yourself against unexpected rent increases allowing your business to budget a degree of stability. Also remember that, just as in the residential property market, you also have the opportunity of increasing your capital if the value of the property increases.
ITV Local Mortgages charge a simple one off fixed fee of just £195 for remortgages, £375 for purchases, £750 for buy to let and £995 for credit impaired-mortgages.
Alternatively, for purchase and remortgage business for your own residence you may pay a fee of 1% of the mortgage (2% for credit impaired mortgages) and any commission received from the lender will be returned to you after completion. The minimum fee is £1,000 (£2,000 for credit impaired mortgages). On a mortgage of £180,000 the fee payable on completion would be £1,800 (£3,600 for credit impaired mortgages).
To secure you commercial property contact us today on 0808 156 00 18.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
Commercial mortgages are not regulated by the Financial Services Authority.