Commercial mortgages

A commercial mortgage is a type of loan for businesses that want to borrow over £25,000. The mortgage is secured by a first legal charge on your business premises.  

A commercial mortgage can be used for 

Buying property

Investment finance 

Property development 

Refurbishing owner-occupied business premises

Buying motor vehicles, machinery and other equipment

All mortgages are subject to application and status. 

To find out if you’re eligible for a commercial mortgage, you’ll need to provide 

Three full years’ audited or certified accounts plus current management figures (if produced)

Two months’ bank statements

Assets and liabilities statement
 

Terms and fees

Apply for a business mortgage for amounts over £25,000

Fixed-rate terms from 1 to 10 years

Prepayment fees may apply if you repay all or part of your loan before the expiry of the agreed term

Lending fees and associated borrowing costs apply and can be added to the loan

For fixed-rate loans, if you decide to pay or cancel the fixed interest rate you may have to pay a breakage cost in addition to other fees such as prepayment fees 

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.