Owner Occupied Mortgages
Get competitive owner-occupied commercial loans, and get an opportunity to purchase your commercial property.
Most people require funding when they buy a commercial property. The funds borrowed are mostly in the form of mortgages, and for commercial properties which you will personally occupy; the official title is owner occupied commercial mortgages. Commercial owner occupied mortgages can be less risky and are more favorable than investment mortgages.
One more benefit of owner occupied commercial loans is that the terms of the commercial mortgages can be longer. Also, interest can be variable or fixed depending upon the client. If you are interested in speaking to an experienced broker, please click here to find out how to contact Finspace.
Commercial Investment / Owner Occupier Mortgages
Typically covering all commercial property, commercial mortgages can be used for property investors who are active in the commercial property space or where a trading business owns or wishes to purchase a building to trade from. LTVs are generally capped at 70% LTV but for some sectors we can arrange commercial loans at 100% loan to purchase price.
BTL / HMO
BTL mortgages can be arranged on singular or multiple residential investment properties including blocks of flats. Mortgages for Houses of Multiple Occupation (HMO’s) are available for properties with 3 or more occupants and clients generally enjoy higher yields with this type of investment.
Medium Term Mortgages
These can be used to bridge a gap between acquiring or refinancing a property until a more long-term mortgage solution can be obtained and typically have a maximum term of 3-5 years. This could be a solution for properties that are not currently let or the current yield is too low to support a more tradition investment mortgage.
Quite similar to commercial mortgages, these facilities are used for a mixed use scheme that consists of commercial and residential space, a flat above a shop for example. Due to the residential element, it normally means the LTV can be up to 75% which is higher than a pure commercial loan.