Yes this may be available but with additional security- our independent commercial finance advisers will be happy to assist you.
We have access to every lender in the marketplace and by using our FT award winning independent financial advisers we can package your 100% commercial mortgage application to give it the best chance of success.
Use our contact form to send an enquiry today. We will be happy to help you and initial consultations are free of charge or obligation.
Our Fee Guarantee: You won’t pay any fees unless we can help you.
Is it possible to raise a 100% commercial mortgage?
Yes it is, although in most cases you will need to offer additional freehold assets, i.e. property or land, as security for the mortgage.
If you have a professional business, such as an accounting firm or a veterinary practice, you are more likely to be successful in applying for a 100% commercial mortgage, particularly with the high street banks. However, it is possible for other businesses to obtain a 100% commercial mortgage if they meet the terms a lender requires.
Working with our independent financial advisers we can analyse your financial situation and prepare your 100% commercial mortgage application exactly how lenders will expect.
What will lenders consider when I apply for a 100% commercial mortgage?
There are various factors that a lender will consider when you apply for a 100% commercial mortgage. Most importantly, they will consider what additional security you have and they will also want to ensure that you have enough income to repay the level of funding required.
They may also consider something called a ‘quality covenant’ – that is where the property owner has a strong tenant with a contract long enough to cover the mortgage, for example with a public body such as the NHS.
Finally, your lender may consider something called the ‘value added method’ which is where a property has the potential to gain value, for example if it is in an area of major regeneration.
Your independent commercial finance adviser will help you find the right lender for your circumstances and requirements and help you put together an application to give you the best possible chance of success.
What would I need to provide as security for a 100% commercial mortgage?
As well as any property you are looking to purchase, other assets that are acceptable for security are as follows:
- Any additional commercial property with equity
- Residential property with equity
- Land (if it has planning permission it is more valuable).
Will a 100% commercial mortgage cost more than a standard commercial mortgage?
It is likely to. In most cases there will be additional legal and valuation fees associated with a 100% commercial mortgage. It may be possible, however, to add these to the loan if you have enough security.
Remember our Fee Guarantee: You won’t pay any fees unless we can help you.
Call your FT award winning independent commercial finance adviser in confidence now on 0800 0112825 or complete the contact form and your dedicated adviser will contact you.
