Commercial mortgages
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Commercial mortgages are loans for the purchase of a property that is to be used for business purposes. This could be for office, shops or a warehouse and can also apply to the purchase of land to be used to build a business premises.
Commercial mortgages are mortgages that are usually secured against commercial properties. Typically these mortgages charge a higher rate of interest because lenders judge that there is a higher degree of risk associated with them.
Related Articles
Commercial mortgagesA commercial mortgage is a loan taken out to help fund the purchase of land or buildings that will be used for business purposes. |
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Number of available mortgages 'on the rise'Mortgage borrowers are going through a golden age in terms of availability of products |
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Clydesdale and Yorkshire Banks bring in lower rate mortgagesBanks try to make things easier for first-time buyers |
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More customers taking on fixed rate mortgages, says leading expertA leading mortgage adviser, Ray Boulger from mortgage brokers John Charcoal has stated that more and more customers are taking out fixed rate mortgages as rates dip. |
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Leeds BS cut rates by up to 0.70% on buy-to-let mortgagesThe Leeds Building Society has announced that it has cut rates on its buy-to-let mortgages by up to 0.70 per cent. |
- Metro Bank cuts rates on two-year fix and tracker mortgages
- Clydesdale and Yorkshire cut fees on new fixed rate mortgages
- HSBC and Yorkshire BS pull out of interest-only mortgages
- First Direct launch three new best-buy fixed rate mortgages
- Accord cut rates on fixed-rate mortgages for FTB's
- Commercial policy documentation upgraded by Aviva
- Advantages of having the correct commercial fleet insurance
- Nationwide pulls interest-only mortgages for new borrowing
- Santander raises the cost of SVR mortgages by 0.50%
- 'Flagship product refresh' carried out by Allianz Commercial
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