Let Money Wow take care of sourcing you the best commercial mortgage to increase your business portfolio or expansion in premises that require we will find you the best rates in the business so that you can grow with ease.
Let Money Wow take care of sourcing you the best commercial mortgage to increase your business portfolio or expansion in premises that require we will find you the best rates in the business so that you can grow with ease.
Apply for £25,000 to £10 million
(Minimum loan amount £25,000)
Simple and easy to apply just fill the forms out and we will take care of the rest.
We will verify your information given and loan companies will approve your loan.
Sit back and receive the funds for your new purchase simple as that hassle free finance at the best rates.
A commercial mortgages are usually a long-term loans usually as long as 25 years that provides the money to buy a property for your business. Most commercial property mortgages only offer up to 70% of the total value (LTV) of the property, the lender usually relies on the business to make up the rest of the money in order to complete the purchase.
The Buy To Let mortgage is specifically for people or businesses who buy property as an investment, other than as a place of residence. If your plan is to rent out a property, most lenders will not allow you to finance your purchase with a standard residential mortgage. Typically lenders require 20-25% deposits.
A residential mortgage is usually the house that you buy to live in, this is a large long term loan taken out by one or more persons to buy the home. With this type of mortgage the home must be used as a residence by the borrowers, it can not be rented out by tenants or used for commercial purposes.
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Re-mortgages are when the property owner switches from the current mortgage to another product i.e lender. This doesn’t involve any moving of home, but does mean replacing your existing agreement on the property with another. This is usually done to unlock equity in the property or to get a better rate.
The agricultural mortgages are a types of commercial mortgages that are specifically for agricultural, rural or equestrian properties. They are mostly used for the purchase of farms, farmland and the associated buildings.
A Development loan usually a short term loan which is advanced towards the purchasing of land or buildings requiring that require development works. The required funds are typically issued in stages or drawdown payments upon completion of pre-agreed works. Expect banks to fund up to 85% of the cost of development.
In many cases the amount that each person can borrow is based on their gross income, their current credit commitments are also taken into account and to some extent the amount of deposit they have.
The minimum deposit for a residential mortgage can be as low as 5% although these can be few and far between. Normally the deposit is 10% however the more deposit you generally put down the better rate you can get. Its also important to note that different products have different deposit requirements.
Yes its possible to pay off your mortgage but just be aware of early repayment penalties if you have only had your mortgage product for a short time. These are usually outlined during the process of taking out your mortgage.
You can usually have only one residential mortgage but you are able to buy another property to let out and typically have as many buy to let mortgages as you need if you meet the lenders requirements.
You will not pay any tax on your main residence but investment properties bought on a Buy To Let basis will be subject to Capital Gains Tax.
Yes you can, normally the lenders allow you to pay off up to 10 percent of the balance in any one year without incurring any repayment penalties. If you want to pay more the please note penalty charges may occur.
Simply apply by clicking the button below and filling in the options we will do the rest and get you the best rates possible for you making finance affordable.
One of our advisors will be in contact with you to further discuss your application within the hour.