Mortgages

There are a variety of reasons why commercial mortgages are sought by people, from buying a commercial property to run a business from, to re-financing an existing premises in order to inject capital into an existing business, whatever the reason, you are always advised to speak to a specialist financial services firm like First Independent Finance who has suitable experience in arranging, brokering and negotiating commercial mortgage packages.

Purchasing a business or commercial property is traditionally speaking, not so easy. Generally commercial lending can be a complicated, time consuming exercise. We make obtaining a business mortgage or commercial mortgage easy, trouble free and surprisingly fast.

We also have specialist knowledge in agricultural mortgages. Have you ever thought about your farming finances and considered:

  • Why has my overdraft not reduced over the past few years?
  • Why do I seem to have endless bank fees?
  • Why do I feel that my business is being run by the bank rather than by me?

Could it be because your finances are structured using a short term, immediately recallable bank overdraft facility, rather than a longer term option?

If your bank facility is less than 70% of the value of your farm you could find it much easier to take control of your finances by moving from overdraft to mortgage.

We often see businesses who have large overdrafts, little by way of long term finance, but who are asset rich in property terms. For these clients a switch from overdraft to a mortgage could be very cost effective. To see if you could save money, use our quick calculator

An agricultural mortgage is a longer term financing facility. The deal gets done once, which means that you can forget about it (assuming you pay the mortgage repayments!), One set of fees, no annual renewal fees and the sense of freedom that regular monthly payments provide.

You could even end up in credit with your bank.

For businesses that are looking to purchase a property rather than renting generally do so as acquiring an asset is a solid investment and has the added benefit that rent is no longer be paid to a landlord. By taking out a commercial mortgage you can also take advantage of other benefits, for a start tax deductable interest payments, for example.

Purchasing a business or commercial property is traditionally speaking, not so easy. Generally commercial lending can be a complicated, time consuming exercise. We make obtaining a business mortgage or commercial mortgage easy, trouble free and surprisingly fast.

Taking out a commercial mortgage is one way of maximising your business finance. Property can be a significant cost for many businesses so it is important to manage that investment wisely.