Buying, rather than renting, can be a welcome dose of certainty in uncertain times. Whether it’s to procure a solid foundation for your business to grow on, or to insulate yourself from rising and restrictive rental agreements, a commercial mortgage could make a lot of sense.
The first step when considering a mortgage is always finding a finance provider that you can trust. One that is flexible to your individual requirements and can tailor the mortgage terms to suit you. You don’t want to leap from a restrictive rental agreement into a mortgage agreement, for instance.
A specialist lender, like Wesleyan Bank, offers this freedom. No matter if you are looking for a new warehouse, office or factory, Wesleyan will be able to offer a bespoke agreement, specifically suited to your needs.
The key features of Wesleyan Bank's commercial mortgages:
Borrow from £100,000
Spread the cost over up to a period of 25 years
Loans available for maximum 70% of property value with a minimum 5% cash deposit required
Dedicated account manager
Commercial mortgage vs financing from capital
A commercial mortgage offers several advantages over financing a property purchase from capital. It makes the FD’s life easier through agreed monthly payments making cash flow forecasting much simpler. While the interest portion of the repayments is also tax-deductible.
Commercial mortgage loans also offer you security and financial benefits. Businesses can maintain greater control by having the necessary cash flow to invest in funding growth and expansion. And if the property increases in value, business capital will go up.
Not all commercial mortgages are created equal, however. High street lenders remain somewhat risk averse and many SMEs and self-employed professionals have turned to alternative finance providers instead.
If you’d like to know more about how a specialist lender like Wesleyan can help you, then get in touch and let’s talk about your plans and aspirations.