MOVA / Commercial Mortgages
Commercial mortgages.
A plan for your property.
Buying, refinancing or investing in commercial property? Discuss the property, the income supporting it and how the borrowing fits your longer-term plans.
Initial conversation at no cost · No pressure to proceed
Start with what matters to you.
You do not need to choose a product before getting in touch. Bring your plans and your questions; Steven will help you understand the next step.
Three things to clarify
Plan your commercial mortgage.
Owner-occupied
Explain the business using the premises and how repayments will be supported.
Investment property
Bring the tenancy, rental income and property details into the assessment.
Mixed-use
A residential element alongside commercial space needs a clear description of the whole property.
Buying your own business premises.
The conversation starts with the property, purchase price, available contribution and your business’s trading position. Consider the ongoing payment alongside working capital and the other costs of ownership. Buying premises can give more control, but also commits capital and exposes the business to property risk.
Commercial property as an investment.
Share the lease, tenant information, rent and any void or break-clause considerations. A lender may look closely at the reliability of rental income as well as the property’s value and suitability. Think about how you would manage a period without the expected rent.
Look beyond the initial rate.
The term, repayment structure, review conditions, fees, security and guarantees can all affect the proposal. A shorter facility term may not match the period used to calculate repayments, so establish whether a balance remains due at the end.
Mixed-use property needs the right starting point.
A shop with a flat above it is not the same enquiry as a wholly residential rental property. Describe the residential and commercial elements, occupation and ownership. The appropriate route depends on the property and lender criteria; no particular lender access or outcome is promised.
Your questions, answered
Clearer on the detail.
Ready for the next step.
Have a question that is specific to you?
Can I refinance premises already owned?
You can discuss the existing debt, purpose of refinancing and property position. Any route depends on the lender’s assessment.
Will the deposit be the same as for a home mortgage?
Not necessarily. Commercial lending has its own criteria, and the required contribution depends on the case.
Is commercial mortgage advice FCA-regulated?
Some forms of commercial mortgage are not regulated by the Financial Conduct Authority. The relevant position depends on the arrangement.
A practical next step
Talk through your plans
with Steven.
An initial conversation can help you understand where to start and what information may be needed next.
Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it. Some forms of commercial mortgage and buy-to-let mortgage are not regulated by the Financial Conduct Authority. Finance is subject to eligibility, underwriting, valuation and legal checks. Fees, charges and relevant terms will be explained before you choose to proceed.