Commercial Mortgages & Remortgages
What is this?
Commercial Mortgages (and remortgages) are loans that are secured on property used for a commercial purpose. This could be a factory, shop or store, land or other commercial enterprise. Although unusual, it is possible for Commercial Mortgages to be regulated if the borrower or a close family member resides in at least 40% of the property floor area.
Who is it for?
Commercial Mortgages are normally available to owners and purchasers of commercial properties either for letting, leasing or for personal use. These mortgages are also suitable for owners of blocks of flats which are to be let or groups of residential investment properties (Buy To Lets).
Who is it not for?
Commercial Mortgages are not available on single residential properties. All mortgages on residential properties are regulated by the Financial Services Authority.
