It is often 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.
There are numerous situations where a commercial owner occupier may need to take out a mortgage:
- They may be expanding their business
- They may be re-mortgaging their commercial property from an existing lender
- They may be purchasing a mixed-use commercial property, part trading the other part renting out to other companies
- They may be purchasing 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%.