Within our dynamic and skilled team, we also have mortgage specialists who are experts in this field:
Stephen Antram DipPFS
Stephen has over 30 years of experience in the financial industry and a vast knowledge in investments, loans, property and mortgages. His skills translate from client to client to offer bespoke advice tailored to the needs of the individual.
Shelley Ide Cert II (MP & ER)
Shelley is a specialist in mortgages and equity release, and can assist with a range of difference mortgage needs and requirements to suit her clients’ best interest.
Mat Hammond CeMap
Mat has been advising in the mortgage sector for nearly 30 years and has a wealth of knowledge on Buy-to-Let (and Let-to-Buy) loans, as well as commercial loans and mortgages.
Hena Shad DipFA, CeMap
Hena has over a decade of experience in Financial Services, specialising in commercial loans. Her services are ideal whether you are seeking to secure borrowing for residential or commercial ventures, are a large business or sole trader, or are seeking expert guidance and advice about mortgages.
Although commercial and residential mortgages are similar and for both, the lender will assess the applicant to ensure they have the means to repay the property loan and evaluate the security offered to ensure they could repay their debt should it come to repossession, but lending criteria differs between the two as will the application processes, regulation, rates and fees. Commercial mortgages are generally larger, more complex and more information will be required than for a residential mortgage.
However, the main differences to be aware of are:
- A commercial mortgage can be taken out in a commercial property investor’s name or a business’s and will be based on the business of their tenants and the income of the borrower being able to maintain the commitment
- The security for a commercial mortgage will be a standard security over the building as well as potentially a bond and floating charge or debenture from the company that owns the asset
- The maximum borrowing for a commercial mortgage is likely to be around 65 per cent to 70 per cent loan-to-value (LTC)
Source: Financial Times Adviser
If you have any questions regarding commercial mortgages, please get in touch and one of our mortgage specialists would be happy to help.