Commercial Mortgage Rates in St Albans
Want to know about Commercial Mortgage Rates in St Albans? Firstly, there really is no ‘one size fits all’ solution when it comes to searching for commercial mortgage interest rates because every lender uses their own set of criteria to determine the level or risk you pose as a borrower. Our Commercial Mortgage brokers in St Albans fall under this category.
Essentially, what that means is that commercial mortgage rates are offered on a case-by-case basis, with lenders referring to their affordability criteria as well as the information you provide them, to assess your application and conclude the rate they can offer you.
Why use our St Albans Commercial Mortgages service?
Often, it is a business owners’ goal to be able to own the property that they run their business in. So, a commercial owner occupier is just that. When rental prices are high, purchasing your commercial property will be financially beneficial investment.
Are you looking to purchase office space in St Albans and surrounding areas post-pandemic? At the Commercial Mortgages Store St Albans, we offer Business Mortgages. This may be exactly what you’re looking for.
When are Commercial Mortgages necessary?
There are numerous situations where a commercial owner occupier may need to take out a mortgage:
- Business Expansion
- Re-mortgage of commercial property from an existing lender
- Purchase of a mixed-use commercial property, part trading the other part renting out to other companies
- Purchase of a ‘trading businesses for the first time
Owner-Occupied Commercial Mortgages are looked at more favourably than investment mortgages, as the lenders feel there is less risk, offering a standard loan to value (LTV) of around 70-75%. So, a Commercial Mortgage for Office Space in St Albans may be what you and your business need.
About Us – Business Mortgage St Albans
The Commercial Mortgages Store is a member of the NACFB which means you are in safe hands with our Commercial Finance Experts.
We have over 15 years’ experience in advising and arranging any type of commercial finance. Furthermore, we have a whole of market approach and use banks, building societies, private banks and commercial broker only lenders to finance our deals.
Furthermore, we service commercial mortgages across the whole of the UK (not just St Albans!) and can arrange commercial mortgages. These range from Bridging finance for residential or investment purposes to any type of development finance. We can also help with the popular serviced accommodation and Air B&B mortgages.
With our wealth of commercial knowledge, The Commercial Mortgages Store St Albans is renowned for exceptional customer service. We will make your commercial finance journey a hassle free one.