A commercial mortgage can be used to buy property (or land) that will be used for business purposes.

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They could also be appropriate for clients looking to purchase or refinance commercial properties as an investment.

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Yet access to commercial mortgage products and providers can be very restricted. The fact that the borrower is a business also means that commercial mortgage applications are complex. From the structure of repayments through to the lending criteria, a commercial mortgage differs significantly from its residential counterpart.

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As such, each application has to be assessed and priced individually.

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Drummonds Finance Group are not authorised to give advice on commercial mortgages. If this is something that may be beneficial to yourself, we can make a referral to a reputable firm who specialise in this area.