Owner Occupied Commercial Mortgages
For Buying & Refinancing UK Property
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Owner-Occupied Commercial Mortgages in the UK
What Exactly is an Owner-Occupied Commercial Mortgage?
Commercial Mortgage Case Studies
Why Consider an Owner-Occupied Commercial Mortgage?
How to Get an Owner-Occupied Commercial Mortgage
Commercial Mortgage Calculator
How Clifton Private Finance Can Help
As a specialist in Owner-only commercial mortgages, at Clifton Private Finance, we provide high-quality commercial mortgage solutions for our clients.
Our service provides:
- Market leading rates
- Up to 80% Loan To Value
- Commercial & semi-commercial mortgages from £100,000 to £100 Million
- Portfolio deals
- Owner occupied commercial mortgage options
- Short term commercial finance solutions from 3 to 24 months
- Finance options for England, Scotland, Wales and Northern Ireland (We can also source finance for projects in Ireland)
- Interest roll-up options
- Same-day agreement in principle
- Products with no early repayment charges
- We can accept applications from individuals (first-time landlords accepted), limited companies, SPV's and offshore structures
- We are independent and have strong relationships with many commercial lenders as well as private banks, wealth managers and specialist lenders that are not available on the high street
- Finance for residential & commercial sectors, including retail outlets, offices, warehouses, industrial units, factories, HMOs, nursing homes and care homes, investment properties, development projects and buy-to-let property (btl portfolios and limited companies welcome)
We pride ourselves on providing excellent service responsive to your needs.
Call us on 0203 900 4322 to discuss your requirements.
Owner-Occupied Commercial Mortgages in the UK
Are you a business owner dreaming of purchasing your own commercial premises in the UK? Whether you're looking to buy a shop on the high street, an office in the city centre, or a warehouse on the outskirts of town, an owner-occupied commercial mortgage might be just the ticket.
Let's dive into the world of commercial property ownership and explore how you can turn your business space from a rental expense into a valuable asset.
What Exactly is an Owner-Occupied Commercial Mortgage?
Imagine you're running a thriving bakery in a rented shop. Business is going well and you're thinking, "Why am I paying my landlord when I could be investing in my own property?" That's where an owner-occupied commercial mortgage comes in. It's a special type of loan designed for businesses that want to buy the very property they'll be using day-to-day.
Unlike investment property mortgages, where you might buy a building to rent out to other businesses, an owner-occupied commercial mortgage is all about you and your business. It's for the space where you'll be kneading your dough, serving your customers, or storing your stock. In essence, it's a way to become your own landlord.
Commercial Mortgage Case Studies
Why Consider an Owner-Occupied Commercial Mortgage?
- Building Your Business Empire, Brick by Brick: Instead of watching your rent disappear each month, your mortgage payments are building equity in a tangible asset. It's like planting a money tree that grows as your business flourishes.
- Stability: No More Landlord Surprises: With your own property, you're in control. No unexpected rent increases, no sudden evictions.
- Make It Your Own: Want to knock down a wall to create more space? Fancy installing a state-of-the-art air conditioning system? When you own the property, you call the shots. You can tailor the space to fit your business like a glove.
- Potential Tax Benefits: it's worth noting that the interest on your commercial mortgage payments may be tax-deductible.
How to Get an Owner-Occupied Commercial Mortgage
So, you're sold on the idea of owning your business premises. But where do you start? Don't worry, we'll walk you through the process of securing an owner-occupied commercial mortgage. It's not as daunting as it might seem at first glance.
- Get Your Ducks in a Row - Lenders will want to see that your business is in good shape. Typically, you'll need at least 2-3 years of profitable trading history. It's like applying for a job - you need to show you're a safe bet.
- Check Your Credit Score - Both your personal and business credit scores will be under the microscope. If your credit history is a little patchy, don't panic. There are specialist lenders out there who might still be able to help.
- Save for a Deposit - You’ll typically need a deposit of 25-30% of the property value. It's a chunk of change, but remember, this is an investment in your business's future.
- Choose Your Property Wisely - The type, location, and condition of the property will all play a part in the lender's decision. A prime high street location might be more attractive to lenders than a run-down warehouse in the middle of nowhere.
- Craft a Solid Business Plan Show the lenders you mean business. A robust plan demonstrating how you'll manage the mortgage payments alongside your other business expenses can go a long way.
Commercial Mortgage Calculator
Wondering what an owner-occupied commercial mortgage might cost you? Our commercial mortgage calculator can give you a good starting point. Just plug in your figures and see what comes out.
Remember, though, that every business and property is unique. For a more accurate picture tailored to your specific circumstances, it's best to speak with one of our expert advisors.
How Clifton Private Finance Can Help You Secure Your Dream Commercial Property
Navigating the world of commercial mortgages can feel like trying to find your way through a maze. That's where we come in. At Clifton Private Finance, we’ll guide you through the intricacies and blockages that can offer occur when our clients our looking at getting commercial mortgages.
We have access to a wide range of lenders, including specialist providers who don't advertise on the high street. This means we can often find solutions for businesses that might struggle with more traditional lenders.
Our team of expert brokers can:
- Hunt down the most competitive rates and terms for your specific situation
- Guide you through the application process, translating the jargon into plain English
- Liaise with lenders on your behalf, saving you time and headaches
- Potentially speed up the approval process, getting you into your new premises faster
Ready to take the first step towards owning your business premises? Call us on 0203 880 8890 for a chat about your options.
Is an Owner-Occupied Commercial Mortgage Right for You?
An owner-occupied commercial mortgage can be a game-changer for many businesses. It's a way to invest in your future, gain more control over your business environment, and potentially save money in the long run.
However, it's a big decision that shouldn't be taken lightly. It's important to weigh up the pros and cons, consider your long-term business plans, and crunch the numbers carefully.
Get Expert Advice on Owner-Occupied Commercial Mortgages
If you think an owner-occupied commercial mortgage could be the right choice for your business, speaking with a specialist mortgage broker is the best way to explore your options. At Clifton Private Finance, we can help you find the most competitive rates and terms suited to your needs, whether you're purchasing a new property or refinancing an existing one.
Our loan service provides:
- Market-leading rates
- Fast service - finance within 5 to 7 days
- Access to specialist lenders
- Expert advice - professional service
Remember, every business and property is unique. For tailored advice on owner-occupied commercial mortgages in the UK, speak to our expert team at Clifton Private Finance today. We're here to help you navigate the commercial mortgage landscape and find the best solution for your business.
If you're ready to take the next step towards owning your business premises, call us on 0203 880 8890 or book a free consultation below.
FAQs
Can I get an owner-occupied commercial mortgage for a mixed-use property?
Absolutely! Many UK lenders offer mortgages for mixed-use properties. For example, you might run a shop on the ground floor and have a flat above. It's a popular choice for many small business owners.
How long does it typically take to secure an owner-occupied commercial mortgage in the UK?
The process usually takes 6-8 weeks from application to completion. However, it can vary depending on the complexity of your case and the lender's current workload. At Clifton Private Finance, we work hard to keep things moving as quickly as possible.
Are interest rates higher for owner-occupied commercial mortgages compared to residential mortgages?
Generally, yes. Commercial mortgages in the UK typically have slightly higher rates due to the perceived higher risk. However, rates can vary widely, which is why it's crucial to shop around or use a broker like us to find the best deal.
Can I get an owner-occupied commercial mortgage if I'm a new business in the UK?
It's more challenging, but not impossible. You'll likely need a larger deposit and a rock-solid business plan. Some specialist lenders may be more open to working with newer businesses. It's definitely a situation where having a broker on your side can make a big difference.
Is it possible to get an interest-only owner-occupied commercial mortgage in the UK?
Yes, some UK lenders do offer interest-only options. However, they often require a clear repayment strategy. This might be suitable if you're expecting a large influx of cash in the future or if you're planning to sell the property eventually.
If you have any questions about our services or want to start making things happen please contact us
