UK commercial mortgage helps a businessman to buy any type of property for his business expansion or for establishing a new business. Commercial mortgages in UK are created to help a businessman in shaping the particular business according to his or her desire.
UK commercial mortgage provides assistance to the businessman, who don’t have enough money to establish or reshape a business. Commercial mortgages in the UK can be used for a number of commercial purposes like buying an office, warehouse, or retail outlets, etc.
The commercial mortgage in UK, comes with enough flexibility so that the borrower can pay back the loan easily and at the same time, the business can also get the desired shape. For the purpose the loan interest rates are designed in such a way that the monthly installments can be paid comfortably by the borrower.
Even the businessman with a bad credit history can also enjoy the opportunity on certain conditions. Mortgage loans need some kind of collateral that can serve as the security of the money approved as loan amount.
The commercial mortgage also needs a property to serve as collateral and generally the property which is purchased by the loan serves the purpose. Once the loan amount along with the interest is paid back to the lender, the collateral is returned back to the owner. The commercial mortgage loans in UK, can be availed in several loan terms ranging from 1- 40 years.
The commercial loans are very easy to afford in the UK. But some factors should be given due importance. Among these, the loan lender and the interest rates are the primary ones. The commercial loans are designed to shape the business, but before borrowing the money, one should always consider the use and worth of the property, he or she is about to purchase, and also the future value of the property. One should also make sure that the potential lender is a reputed firm or may be an individual.
There are several companies who are providing commercial mortgage loan in the UK.
Following are the names of some of those companies:
You Mortgages Limited – Glasgow
Bluedog Finance – Thornhill
North Ayrshire Commercials – Lugton
Allied Surveyors – Mortimer
Walker Jones – Shrewsbury
Platinum Finance UK Ltd – Goring-by-Sea
Horizon Commercial – Herne Bay
SLJ Commercial Finance – Kidderminster
Rushmere Commercial Finance – Rushmere St. Andrew
Commonwealth Immigration Consultants – Muswell Hill
Yarm Bookshop Ltd – Yarm
The Mortgage Shop – Oswestry
Quiss Technology Plc – Tamworth
DrainData Uk Ltd – Kirk Sandall
Global Translators UK Ltd – Rochester
Perfect Images Professional Photography – Loughborough
Commercial Mortgage Desk – Reading
Evens UK Ltd – Uttoxeter
Greenfieldfinance – Bordesley
Last Updated on : 24th August 2013