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Commercial Mortgage?
JV_and_Senna_Fan
Posts: 1 Newbie
Can anyone tell me where I might actually get a 100% commercial mortgage? I have been running my business for about 6 years from my rented property and now have the option to buy it. Any help I get on this matter would be very much appreciated
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Comments
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Nowhere that I know of. Sorry.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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Not a chance. Commercial lenders are considerably more strict than residential ones, you'll do well to get a 65% LTV.
The best people to speak to will be your current business bank.0 -
If you are being offered the property at a discounted price as a sitting tenant then you may be able to borrow the purchase price subject to the valuation meeting criteria.
You need to speak to specialist commercial broker.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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