Commercial mortgages

Need to buy a property for business use or as an investment?

With commercial rents always increasing and your business expanding, it may be the time to purchase a commercial property to operate your business from. That may seem out of reach, but with a commercial business loan via Godwin Austen it could become a reality and free your business from rental fees, allowing ti to become more profitable ad grow.

Our commercial mortgage can also be approved for use on investment properties. Property is always going to be a sound investment, so if you can funnel your business profits into an investment property than you can make that money work for you better in the long term.

Godwin Austen will advise you on the best commercial mortgages to suit your criteria, situation and ideas. Our lending partners offer a huge range of commercial mortgage products, we will work with them to get the best deal for your business.

What are the benefits of a commercial mortgage?

  • Variety of lenders

Godwin Austen works with a large number of lenders for our commercial mortgages. So we can utilise high street banks, private lenders, crowd-funders, Challenger banks. Assessing their requirement sand offers, resulting in your business getting the best and more fitting commercial mortgage.

  • Speed

Our research into our lending partners requirements, means we will get you to the correct lenders quickly, no repeat applications, no repeat credit checks, no pointless applications to lenders who will not give your business approval for a commercial mortgage.

  • Less hassle

We try to keep the paperwork as simple and streamlined as possible. Meaning less hassle and stress during the application process.

Commercial mortgages FAQ

How much can I borrow?

Our lenders can usually get Commercial Mortgages at up to 75% Loan-to-Value ratio.

How much deposit do I need?

A 25% deposit is pretty standard for most of the commercial mortgages we have available.


Can you offer a 100% Commercial Mortgage?

A 100% commercial montage is possible but it would require a significant level of security being put up (for example another property)


I have bad credit can I still get a Commercial Mortgage?

Yes, it is possible. However the commercial mortgage we can offer you would depending how adverse your credit rating is.


Can I get a commercial mortgage for a HMO (House of Multiple Occupancy)?

Yes, not a problem.


Can I get a commercial mortgage on a Leasehold (not Freehold) property?

This can be achieved, however most of our lenders require the lease to be in excess of 35 years for the mortgage to be applicable.


Can I get a second charge commercial mortgage?

Yes; many of our lenders will do this. We can also offer 3rd or 4th charge if there is sufficient equity in the property.


Are Non-Status Commercial Mortgages available?

Yes, but the maximum Loan-to-value ratio for the mortgage is reduced to 70%


What are the fees on getting a Commercial Mortgage?

If you decide to use us Godwin Austen to arrange your commercial mortgage there is no initial fee for your quote. However you will be charged 1% of the loan amount (minimum £999) if you decide to proceed with the application and get a formal loan offer from our lender. It is also standard practice that you pay the lender’s legal & valuation fees. There may also be an lender arrangement fee applicable. However, our lenders often have special deals where most or all of these expenses are removed. Godwin Austen regularly monitors these deals, so can offer them to our clients when they are available.


Why should I use a Commercial Mortgage introducer like Godwin Austen?

The whole commercial mortgage process can be handled by yourself, however we Godwin Austen like to save you time by researching the best deals that will suit your requirements and giving you the highest rate of approval as well as the maximum level of affordable lending.

We know the application process inside out, so preempt possible issues to make the whole application process as efficient as possible.


What do I need to be eligible for a commercial mortgage?

To be approved for a commercial mortgage you will need to be a property owner with the UK. The property or properties you own must also have sufficient equity within them.

A decent credit rating and proof of income are also a bonus.


How long does it take to get a commercial mortgage?

The whole process usually takes 4-6 weeks, however in certain circumstances it can take up to 8 weeks.


What information do I need to provide to apply for a commercial mortgage?

During the application process you will need to provide address and details of the property you are looking to purchase, 2 years or more of business accounts, managements accounts and 3 months of bank statements.

If all of this sounds good and you think a commercial mortgage is the product for you, please give us a call or email us to make contact.

Or if you feel that our commercial mortgages are not suited to your needs please check out our other business finance services.
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