Commercial Mortgages & Semi-Commercial Mortgages
Trading Business Loans & Commercial Investment Mortgages
What is a Commercial or Semi-Commercial Property?
- Commercial property is a broad term which can include retail units, restaurants, commercial units, factories, storage space and more.
- Semi-Commercial properties are properties which include commercial space as well as residential living space. This includes shops/offices with a flats above.
- Whether you are purchasing or refinancing, Clark Finance has access to a wide range of lenders offering competitive rates
What type of Finance is right for you?
Renting out your Commercial Property?
Commercial Investment properties are typically let out on Commercial Lease agreements such as FRI (Fully repairing and insuring) leases. You are the landlord and collect a monthly or quaterly rent from the tenant.
- Wide Variety - A Commercial property can be a commercial unit, retail shop, restaurant, factory or office which is intended to be leased on a long term basis.
- Leases can range anywhere between 1 month up to 25 plus years and can contain regular break clauses and rent review periods
- Commercial investment properties can have very low maintenance costs as they are maintained by the tenant using a FRI (Fully Repairing and Insuring) Lease
Looking to buy or remortgage your own Commercial Property?
Lenders provide a range of solutions for Trading Businesses
- Buying your own premises can be cheaper than renting
- After a period of time, you will own the asset outright and this can be used towards your pension (capital and interest only)
- Looking to raise money to expand your business?
- Looking to reduce your costs?
- Interest Only available
- Looking for a larger loans?
High Street Lenders VS
Challenger Banks
These are two types of banks which will lend on Commercial Properties and they both have different positives & negatives
This is a rough guide to both banks as they generally stick to these terms however they will on occasion make exceptions to these rules
At Clark Finance, we approach all of the main High Street Lenders & Challenger Banks to give you Indicative terms from banks who are willing to lend
High Street Lenders
- Capital & Interest preferred
- Typical 15 Year Term (Commercial Investment)
- Typical 20-25 Year Term (Trading Businesses)
Challenger Banks
- Interest Only Available
- Capital & Interest Available
- Larger Loans
- More Flexible Criteria
- Subprime accepted
Why not try buying using a
Holding Company?
You can buy a property in several different ways
- Through your Trading Limited Company or LLP
- Through your Individual Names or Partnership
- Through a Holding company
- Using a OpCoPropCo - Operating Company with in a Property Company
- Using a SIPP or SASS
But why buy through your Personal Name or a Holding Company?
- You can pay rent to yourself or your holding company (tax advice is recommended)
- You can sell the business and retain the building to keep it as a pension later on
- Alternatively, you could sell the building and keep the business as a pension later on
MAKE A RESERVATION
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