Commercial

Commercial lending is lending arranged on commercial property or commercial assets. Such examples can range from a sub post office to a golf course. Your Mortgage has access to a substantial range of commercial lending sources.

Commercial lending is different from residential mortgage lending in that with residential mortgage lending as long as clients fulfil the lender's underwriting criteria and the lender is satisfied with the security on offer, generally the mortgage facilities will be granted. With commercial lending, the lenders take each proposition on its own merits but also decide what price (by way of interest rate and fees) it might want to charge to acquire the business. Sometimes commercial lenders choose not to acquire certain commercial business, particularly if they have been over exposed to certain classes of asset at any particular time.

Your Mortgage's part in arranging commercial lending facilities is to act as a broker in achieving the best possible terms for its client by way of the interest rate and arrangement fees to be charged. We regularly achieve lower costs than clients appear to be able to arrange with their existing Bankers.

Please note that commercial mortgages are not regulated mortgage contracts as far as the Financial Services Authority are concerned in the vast majority of cases.