You need to be aware that nearly all lenders require at least a 30% deposit. If you are an established business with some capital, it may be a great way to secure the future.
Lenders will look at affordability so it’s key to ensure your accounting is up to date.
As you will become the landlord, all repairs and maintenance would be down to you. It’s crucial you take this into account, as a poor investment could cause the property to devalue.
The premises will provide stability but a fast-growing business may outgrow the premises. It means you may have to sell or indeed rent the premises. Suitability for now and the future is something to consider.
Bridging loans are high interest but may allow you to take the opportunity of buying a property at a great price. Planning can ensure you get the best deal.
If you’re looking for commercial mortgages to afford your next office or warehouse, feel free to give us a call or use the enquiry forms across our website to get in touch. We understand how crucial getting the right business mortgage will be. Commercial mortgages are just one aspect of the business finance we offer from the heart of Bristol.