When you think of property finance, you probably think of commercial mortgages, but in reality property finance includes a range of facilities that enable organisations to purchase, refinance, or develop a commercial property.
This might include office buildings, retail space, industrial warehouses, restaurants, or other types of commercial space.
Here we explore the key points to be aware of when considering property finance as well as how to apply with Bluestone.
A commercial mortgage operates similarly to a residential mortgage, but with some key differences. For example:
There are several different types of commercial mortgages available in the UK, including:
The type of commercial mortgage that is best for a particular organisation will depend on its specific needs and financial circumstances.
If you're interested in commercial mortgages in the UK, we can offer bespoke lending solutions to meet your specific needs.
Our knowledgeable and experienced team will work with you every step of the way to ensure that you get the right mortgage for your needs.
With a commitment to transparency, flexibility, and excellent customer service, Bluestone is the ideal choice for organisations seeking a reliable commercial mortgage provider.
Contact us today to learn more about how we can help you achieve your business goals.
At Bluestone, we understand that applying for commercial property finance can be a daunting process, especially if you're unfamiliar with the requirements and criteria. That's why we're here to support you every step of the way.
Our team of finance experts have years of experience helping organisations secure the funding they need to cover their financial obligations. We'll work closely with you to understand your specific requirements and provide you with a range of financing options tailored to your needs.
Contact us today to learn more about how we can help you secure property finance for your organisation.
A commercial mortgage is a type of loan that is secured against a property or other asset. It enables organisations to borrow money to purchase or refinance commercial property. The property acts as collateral for the loan, and the lender uses the rental income generated by the property to repay the mortgage.
A commercial mortgage can offer a number of benefits to your organisation, including lower interest rates compared to other forms of financing, longer repayment periods, and the potential for increased tax efficiency. Additionally, owning the property that your organisation operates from can provide you with greater stability and security.
Commercial mortgages can be used to finance a wide range of commercial property types, including offices, warehouses, retail units, and more. To be eligible for a commercial mortgage, your organisation will typically need to have a strong financial profile, including a good credit rating, a solid business plan.
The repayment period for a commercial mortgage can range from 5 to 25 years, depending on the terms of the loan and the lender's requirements. The repayment schedule will typically include both capital and interest repayments, and these payments will impact your organisation's cash flow and financial statements. However, owning the property outright at the end of the loan period can provide long-term benefits for your organisation.
Some lenders may charge an early repayment fee if you choose to pay off your commercial mortgage ahead of schedule. This fee can range from a few hundred to several thousand pounds, depending on the terms of the loan.