Dickson Mortgages specializes in facilitating commercial mortgages for individuals or companies looking to acquire properties or release equity from existing assets.
Our expertise lies in arranging larger commercial mortgages, typically extending from 5 to 30 years, sourced from a range of lenders specialized in this field.
We offer various options including fixed or variable rates, and for larger loan requirements, we strategically distribute these among multiple lenders to ensure flexibility in financing.
At Dickson Mortgages, our active support includes arranging commercial mortgages for:
*Limited companies, Limited Liability Partnerships, pension funds, charities, and trusts.
*Business owners seeking to lower their monthly mortgage payments, aiming for an amount less than their current rent while renting their business premises.
*Clients encountering challenges in financing their buy-to-let portfolio, HMOs, or blocks of apartments when traditional buy-to-let lenders are not feasible options.
To explore and arrange your commercial mortgage needs, contact Dickson Mortgages at 07360 198 995.
What defines a commercial mortgage?
A commercial mortgage is a financing solution used to acquire or refinance properties intended for business use, such as offices, retail spaces, warehouses, industrial units, or land for development.
Which types of properties are eligible for financing through a commercial mortgage?
Commercial mortgages cater to various property types, including offices, retail shops, industrial spaces, hotels, and land earmarked for development.
What's the typical duration of a commercial mortgage?
Commercial mortgages generally span from five to 30 years, offering flexibility, although lenders may consider alternative term lengths based on property type and borrower requirements.
What criteria influence eligibility for a commercial mortgage?
Lenders consider factors like property value, borrower's creditworthiness, business revenue, financial stability, and property usage when assessing eligibility for a commercial mortgage.
What are the available interest rate options for commercial mortgages?
Commercial mortgages offer fixed or variable interest rates. Fixed rates provide stability with consistent repayments, while variable rates fluctuate based on market conditions.
Can a commercial mortgage involve multiple lenders?
Yes, larger loan amounts or complex projects often involve multiple lenders to meet borrowing needs and provide increased flexibility in financing.
Who can apply for a commercial mortgage?
Individuals, partnerships, limited companies, trusts, and business entities seeking property acquisitions or refinancing for commercial use are eligible to apply.
How do commercial mortgages differ from residential mortgages?
Commercial mortgages cater to business properties, featuring distinct lending criteria, higher deposit requirements, and typically higher interest rates compared to residential mortgages.
What are the associated costs with a commercial mortgage?
Costs may encompass arrangement fees, valuation expenses, legal fees, surveys, and potentially early repayment charges, varying based on the lender and specific circumstances.
What are the repercussions of missing repayments on a commercial mortgage?
Failure to meet repayments can lead to penalties, affect credit ratings, and possibly result in property repossession. Open communication with the lender is vital during financial challenges.
To explore and arrange your commercial mortgage needs, contact Dickson Mortgages at 07360 198 995.
Telephone: 07360 198 995
Email: info@dicksonmortgage.co.uk
7 Mare Street, Hackney, London, E8 4RP
Cultivating mortgage solutions tailored to your property aspirations, residential or commercial, in the heart of vibrant Hackney, London.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.
Dickson Mortgages is an Introducing Broker and operates independently, not regulated by the Financial Conduct Authority or the Solicitors Regulation Authority.
Dickson Mortgages offers execution-only products, empowering clients to make independent financial decisions tailored to their needs.
All mortgages are subject to status and lender criteria.
Most buy to let mortgages are not regulated
Please be aware when using the mortgage calulator, the results are for ilustrative purposes only and should not be considered as a mortgage quote.
A broker fee may be payable upon mortgage application as well as an administration fee. The total fee payable will depend on your circumstances. A member of our team will explain any fees applicable in your initial appointment.