Whether it’s your first company premises, an additional site, or even just an expansion of your current location, it’s almost certain that you will require a mortgage to support your purchase. Through the services provided by Edge Mortgages, understanding exactly how commercial mortgages work and finding the best solution for you is now easier than ever.
There’s a number of commercial mortgage types available, depending on your requirements. These are:
Owner occupied: For when you will be using the property as the trading premises for your business
Residential buy-to-let:For when you’re building a portfolio of properties to rent out for residential purposes
Commercial buy-to-let: For when you’re investing in a commercial property to lease to other businesses – as in a shared office complex
The duration for a commercial agreement can run from three to 25 years. While the interest rates on commercial mortgages will often be greater than those found on residential properties, they still offer better value for money than more conventional business loans.
Understanding the challenges presented in securing a commercial property mortgage requires working alongside a team of experts that will provide answers to any issues you may have. At Edge Mortgages, we can provide you with everything you need to make a considered decision, helping complete all the necessary documentation to support the success of your application. Get in touch with a member of the team today to learn more and to discuss your needs.
Commercial mortgages are not unlike those used for residential purposes but, as the name suggests, they are for professional use. This may be a workshop, retail outlet, office building or garage – whatever your organisation requires, there’s likely a premises to suit you. For a commercial mortgage to be secured, an application will go through a lending manager and be thoroughly assessed according to the risk levels presented. Those factors that will be taken into consideration include:
Business finances and trading figures for the last three years
Value of assets and cashflow
Level of deposit available (many mortgage providers offer only up to 75% of the total value)
Lease and tenancy agreements
Projected income of the business
Edge Mortgages Ltd T/A Edge Mortgages (FCA No 988131) is an Appointed Representative of Connect IFA Ltd (FCA No. 441505) which is Authorised and Regulated by the Financial Conduct Authority and is entered on the financial services register (https://register.fca.org.uk/) under reference 922009. The FCA does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
Edge Mortgages Ltd Registered Address is Office 1494, 58 Peregrine Road. Hainault. Ilford. IG6 3SZ. Company is Registered in England and Wales Reg. 14469065. Edge Mortgages Ltd is registered with the Information Commissioner’s Office under registration reference: ZB443111. Copyright © 2021 All Rights Reserved.
A fee will be payable for arranging your mortgage with Edge Mortgages Ltd. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity, but this is typically £500 for our services. Initial consultation is always free.
A fee of (£0 – £199) may be payable at the outset when you apply for the mortgage which will be discussed and agreed with you at the earliest opportunity.
We don’t charge any fee for insurance services.
Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
Making a Complaint: It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk
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Your home may be repossessed if you do not keep up repayments on your mortgage or loans secured on it.
Edge Mortgages Ltd T/A Edge Mortgages(FCA No 988131) is an Appointed Representative of Connect IFA Ltd (FCA No. 441505) which is Authorised and Regulated by the Financial Conduct Authority and is entered on the financial services register(register.fca.org.uk) under reference 922009.
