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Commercial/Business Mortgage |
A Commercial Mortgage (or Business Mortgage) is simply a loan secured against a property used for business purposes. It provides a flexible and affordable solution that gives you access to capital, and is normally considered the best way to finance the purchase of buildings or land for business purposes.
Commercial Mortgages can be used for a variety of different business purposes. The most popular purpose is the purchase of business premises, whether purchasing an existing business, or starting a new one. You can also acquire a business mortgage to expand an existing business. Both of these purposes are often referred to as 'owner occupied' commercial mortgages.
If you are looking to make an investment into a commercial or residential venture or project, you can still acquire a business mortgage or loan secured against property or land. Business mortgages can also be used for commercial or residential property development projects.
Like most secured property loans, a commercial mortgage entitles the lender to have legal claim over the property until the loan has been fully repaid. The commercial property or land can be repossessed and sold if the repayments are not made, in order to repay the outstanding mortgage balance.
The Directors of Open 4 Business Finance Ltd have over 50 years experience within the banking industry and therefore have a clear understanding of client needs in different industries, matching needs with financial services available. This process can often lead to significant time savings and more importantly cost savings for the client.
Open 4 Business Finance Ltd has access to all the major UK primary and secondary lenders and as such we are able to negotiate the very best deals in the marketplace on your behalf, leaving you to concentrate on managing a successful business. Decisions in principle are often given within 24 hours of receipt of supporting information.
So contact us today on Freephone 0800 0778987 we are waiting for you call, alternatively you can apply using the contact form within the CONTACT US page on the web site.
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