Commercial Mortgages

A commercial mortgage is a mortgage loan that is secured on a commercial property. This kind of mortgage can be used in a variety of ways:

Commercial mortgages can allow for significant capital gains, as equity within a property will continue to grow over the mortgage term, while there is always the potential to rent out the property within the confines of this mortgage type. However, you should expect to pay a deposit of between 20-40%, with a higher deposit naturally reducing the monthly repayments and interest rate. The amount of deposit you will require will depend on the following factors:

Repayments can be structured as fixed or variable rate, with typically lower interest rates than other types of mortgages. A variable rate mortgage will see monthly repayments increase or decrease in line with the Bank of England base rate, and is less secure than a fixed rate, which will be subject to your lender’s agreement.

Your property may be repossessed if you do not keep up repayments on your mortgage.
This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

Why Aston & Co?

At Aston & Co we have the experience and the know-how to help you find the best commercial mortgage deal to suit you. Our friendly and professional advisors are on hand to guide and support you in your choices. Contact us today to discuss your needs and pave the
way to your happy-ever-after.

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