Secure Commercial Mortgages Made Easy
We render commercial mortgages for businesses and property investors while arranging funding for multi-million-pound
new build developments.
Why You Need Commercial Mortgages
Property Expansion
Want to save yourself from endless years of paying rent for your business? Our specialists at Mayfair Commercial Mortgages can help you get not just stability but also long-term cost savings through large property investments for the expansion of your business.
Capital Growth & Investment
Whether it is for refurbishments or business growth initiatives, our team of expert financial specialists can save you from lower borrowing limits and unsecured loans by connecting you with the best lenders in the market.
Long-term Financial Planning
Mayfair Commercial Mortgages provides you with the benefit of spreading your property costs over a long time duration with predictable monthly payments, so that you can focus on cash flow matters and watch your business grow like never before.
What We Do
Best Commercial Mortgage Brokers With Expertise In Every Deal
- Whether it’s a restaurant, school, or a retail property, you can acquire the best possible loan terms for refinancing or buying it through Mayfair Commercial Mortgages.
- Our expert market knowledge helps us negotiate favourable terms for our clients, including but not limited to interest rates, repayment schedules, and loan amounts.
- You can get custom-tailored advice and guidance from our highly trained team of finance specialists because they know all the ins and outs of the real estate market.
Whether it is a commercial buy-to-let mortgage or a commercial mortgage for your new property investment, we offer sophisticated solutions for all our clients.
Features & Benefits
Loan Sizes
We understand your needs and your property’s requirements, which is why our brokers at Mayfair Commercial Mortgages can offer loans from £500,000 to £25M through trustworthy and reliable lenders.
Rates
One of our company’s top features is that we can give you access to buy or refinance a maximum of 25 properties while offering commercial mortgages for high-value property investments with rates of over £2M.
Funding
Our mortgages include funding for up to 100% of costs and 70% Gross Development Value, not to mention the multi-million-pound new build development funding that Mayfair Commercial Mortgages has to offer.
How To Get Started
Here’s how you can acquire your next commercial property mortgage seamlessly:
- Reach out to our specialists at Mayfair Commercial Mortgages and outline your goals and needs for the commercial mortgage.
- After getting all the crucial information from you, like property details and financial situation, our team will determine the kind of lender most suited for your needs.
- We will prepare a detailed proposal for the chosen lender after thorough market research and present the best options available to you.
- After the application is assessed, reviewed, and approved by the lender, any essential underwriting is done to outline the conditions and terms of the mortgage.
- If you are satisfied with the terms of the agreement, we will support and guide you through all the next steps, like getting essential documentation and managing negotiations with the lenders until your mortgage is finalised.
What they say
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Frequently Asked Questions
What is a commercial mortgage?
A commercial mortgage is a loan used to buy or refinance a property for business purposes. This includes offices, shops, warehouses, or mixed-use buildings. It is designed for businesses, investors, and landlords.
How do commercial mortgage lenders assess applications?
Commercial mortgage lenders look at your financial position, business performance, and the property’s value. They also consider rental income if the property is being let. Each lender has slightly different criteria.
What are typical commercial mortgage rates?
Commercial mortgage rates vary depending on your credit profile, deposit, and the type of property. Rates can be fixed or variable. It’s best to compare options to find a suitable deal for your situation.
How much deposit is required for a commercial property mortgage?
Most lenders require a deposit of 20% to 40% of the property value. The exact amount depends on risk factors such as property type and borrower experience. A larger deposit may help secure better terms.
What types of properties qualify for a commercial mortgage loan?
A commercial mortgage loan can be used for offices, retail units, industrial properties, and more. Some lenders also accept semi-commercial or mixed-use properties. The eligibility depends on the lender’s policy.
Can I get a commercial investment mortgage as a first-time investor?
Yes, but options may be more limited. Lenders may ask for a higher deposit and strong financial evidence. Having a clear business plan can improve your chances.
How long does it take to arrange a commercial mortgage?
The process usually takes between 4 to 12 weeks. It depends on how quickly documents are provided and the complexity of the deal. Delays can occur during property valuation or legal checks.
What documents are needed for a commercial mortgage application?
You will typically need business accounts, bank statements, ID, and details of the property. Some lenders may also request a business plan. Keeping documents ready can speed up the process.
Can I refinance an existing commercial mortgage loan?
Yes, refinancing is a common option. It can help you secure better commercial mortgage rates or release equity. This depends on your current financial situation and property value.
Are commercial mortgage rates higher than residential rates?
Yes, commercial mortgage rates are usually higher. This is because lenders see business lending as higher risk. However, rates vary widely depending on the deal.
What is the maximum term for a commercial mortgage?
Most commercial mortgages are offered over 5 to 25 years. The term depends on your age, business profile, and lender criteria. Shorter terms may result in higher monthly payments.
Can I use a commercial mortgage to expand my business?
Yes, many business owners use a commercial property mortgage to grow operations. It can fund new premises or upgrade existing facilities. This helps businesses scale more effectively.
What is the difference between a commercial mortgage and a buy-to-let mortgage?
A commercial mortgage is used for business properties, while buy-to-let is for residential rentals. A commercial investment mortgage focuses on income-generating business assets. The criteria and risks differ between both.
Do I need a broker to find commercial mortgage lenders?
While not required, a broker can simplify the process. They have access to multiple commercial mortgage lenders and can match you with suitable options. This can save time and improve your chances of approval.
Can I get a commercial mortgage with bad credit?
It may still be possible, but options will be limited. Some lenders specialise in higher-risk cases. Expect stricter terms and possibly higher commercial mortgage rates.
What fees are involved in a commercial mortgage loan?
Common fees include arrangement fees, valuation costs, and legal fees. Some lenders may also charge exit fees. It’s important to review the full cost before proceeding.
Can I repay my commercial mortgage early?
Yes, but early repayment charges may apply. These charges depend on the lender and the type of loan. Always check the terms before making early payments.
What is loan-to-value (LTV) in a commercial property mortgage?
Loan-to-value refers to the percentage of the property’s value you borrow. For example, a 70% LTV means you provide a 30% deposit. Lower LTVs are generally less risky for lenders.
Can I switch commercial mortgage lenders?
Yes, switching lenders is possible through refinancing. This can help you find better commercial mortgage rates or terms. It’s important to consider fees and timing.
Is rental income considered for a commercial investment mortgage?
Yes, rental income is a key factor. Lenders assess whether the income can cover repayments. Strong rental yields can improve your borrowing position.
