Owner Occupied Commercial Mortgages
An owner-occupied commercial mortgage is a type of loan that allows businesses to purchase or refinance commercial properties that they will occupy. This type of mortgage is typically secured against the property itself, and the business uses the property as security for the loan. Owner occupied commercial mortgages are often used by small to medium-sized businesses looking to acquire their own premises, rather than renting or leasing.
Understanding the basics of how owner-occupied commercial mortgages work, including the different types available and the application process.
What is it?
An owner-occupied commercial mortgage is a type of loan that allows businesses to purchase or refinance commercial properties that they will occupy.
How Repayments Work
Commercial mortgages typically have monthly repayments that include both capital and interest, spread over a fixed term.
What Lenders Look For
Lenders assess factors such as your business's trading history, annual turnover, profit margins, and the viability of the property.
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