Business Mortgages
Commercial mortgages come in a vast range of shapes and sizes, and most busy business owners don’t have the time or skills to deal with them. This is where Pinnacle Business Finance comes in, offering tailored commercial finance from bristol, without forcing you to do all of the leg work. We’ve already built relationships with providers and have extensive negotiation experience, enabling us to get you the very best deal on your business mortgage.
A commercial mortgage is in essence a form of a secured business loan, a property loan if you like. In the event you fail, the commercial mortgage lender would take ownership of the property to settle the debt. People commonly refer to commercial mortgages as business mortgages.
Business Property Finance
Businesses commonly look to property finance when they are expanding or looking to secure the property they are operating from. Accessing a commercial mortgage is simple with Pinnacle Business Finance so you can be assured an expert broker will guide you through the process.
Pinnacle Business Mortgages
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.
Pinnacle Business Finance
Broker’s Commercial Mortgages
Bridging Loans
Bridging loans are designed to bridge the gap between buying and selling a property when waiting for funds to become available from the sale of something else. These are predominantly focused on people who need a commercial mortgage quickly such as buying property from an auction
A typical example of this would be a property developer who needs funds fast to buy a property, renovate and sell before they have sold a previous property.
Minimum loan size?
• £50,000 (this is the figure many other websites provide)
Are you eligible for a bridging loan?
• Must have a valid “exit” plan, this refers to how you’re going to repay the loan and interest, or how you plan to move it onto a more permanent type of finance, such a commercial mortgage.
• Robust credit history, equity, or a secure way of paying off the loan and security
Benefits of a Bridging Loan
• Flexible
• Quick
• Short term cashflow
Commercial Mortgage – Normally over 25 to 30 years, with a 30% deposit. Rates are very low, as expected given the larger sums you are borrowing against the term. It works well if you want to expand, as any improvements to the property would be beneficial.
How do we work?
We have a personal approach to raising funding for SME businesses. We are one of the fastest and most trusted finance brokers in the UK. Putting our clients first is what we do to secure the best business funding. We strive to build long-term, trusted relations. From the moment you get in contact with us, we listen to you and your business. It could be simple such as an unsecured business loan or more complex such as a leveraged business acquisition.
