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Commercial Mortgages FAQs

 

To help our clients find the answers they need quickly, our experts have answered some of our most frequently asked questions regarding commercial mortgages. If you have a question that isn’t listed or would like further information, please don’t hesitate to get in touch on 01202 937880.

A commercial mortgage is used to purchase or re-mortgage property for commercial purposes. As a leading commercial mortgage broker, FC Funding’s experienced team will help you find the appropriate option for your business.

There are many options available for those looking for finance for commercial property and it’s important to choose the right option for your business. FC Funding offer a wide range of commercial property finance products and our services can be tailored to your specific requirements.

As commercial mortgages are used for business purposes, typically limited companies, SPVs, LLPs, partnerships and sole traders can apply for a commercial mortgage (although this will vary between lenders). In some circumstances, those with impaired credit and business start-ups may also be able to apply for a commercial mortgage.

Minimum loan sizes typically start at £20,000 and can range anywhere into and beyond £25 million (subject to criteria). For more information click here.

The fees and charges for commercial mortgages vary across markets, however as a general rule-of-thumb you should expect the following:

  • Application fee
  • Valuation fee
  • Arrangement fee
  • Legal fees
  • Exit fee
  • Administration fees - Any additional costs charged by either lender or broker
This will vary between lenders but there are a range of property types such as 
  • Shops
  • Hotels
  • Offices
  • Factories
  • Warehouses
  • Restaurants
  • Pubs
  • B&Bs

This will vary between lenders but as a general rule-of-thumb you should expect to have to provide the following documents:

  • Projected business income
  • Ability to pay the deposit and source of funds
  • Income (full accounts of trading business) credit and assets
  • 2 year’s trading accounts
  • Last 3 months’ business bank statements
  • Proof of ID (certified copy of passport or driving licence)
  • Proof of residency (utility bill or bank statement)

FC Funding is one of the leading commercial brokers and commercial mortgage lenders in the country and our wide-ranging expertise means we can guarantee a tailor-made package to suit your requirements. We have helped hundreds of business owners all over the UK find the right funding to grow their company – find out more from our testimonials.

Commercial Property Finance

Commercial Property Finances for Factories

Individual mortgage advice for you

Our commercial mortgage brokers can source a mortgage with rates tailored to you.

Arranging a commercial property mortgage can be a complex process. Our advisors are experts can break downevery detail of your mortgage and give you the best possible advice.

If you would like clear independent and impartial advice on the best commercial property finance products, please telephone us for further information or complete our quick enquiry form.

Commercial Property Finance available for:

  • Investment property
  • Offices
  • Factories and industrial units
  • Hotels
  • Shops and retail premises
  • Leisure Premises
  • And more

FC Funding is an NACFB accredited commercial finance broker and is approved by the FCA.

NACFB Accredited

ICO Accredited

Some of our Lending Partners