The long term benefits of a commercial mortgage
If you are looking to purchase a commercial property then you should know that a commercial mortgage can do a lot more than just house your business – indeed there are some great underlying long term benefits for business that come as a result, as outlined by our expert commercial mortgage and funding specialists in this article.
Advantages of a commercial mortgage
There are a number of benefits to choosing a commercial mortgage, many of which seek to offer future sources of funding and finance:
Future-proofing your business
Since it’s possible to take out a secured rate mortgage, your overheads could benefit from far greater stability, compared with the fluctuations of the rental market. This can allow for more confident long-term financial planning, so you can focus on the bigger picture.
Control over alterations and extensions
When you take out a commercial mortgage for your business premises it ultimately means that any future alterations and renovations are on your own terms. This benefit works both ways, meaning that you will be free to invest in the design that your business needs, and you’re also not forced to fund annual upkeep of anything.
No increasing rental charges
Owning your own business premises eliminates the risk of being exposed to potential increasing rental charges, therefore it works out as a cheaper option than renting your business property, in the long-term. Adding to this, a commercial mortgage can help future-proof your business by allowing it to access equity as the property price increases over time.
More potential than loans
Being the owner of your business property means that you’ll have a huge valuable asset, and valuable business assets mean that you may be able to borrow more in the future.
If you’re thinking about investing in commercial property, contact the experienced mortgage brokers at FC Funding for expert advice and great deals. Simply call us on 01202 937880 or fill out and submit our online contact form and we’ll be in touch soon.