There are two main types of commercial property mortgage to choose from:
- Owner-occupier mortgages - Used for properties you plan to run your business from.
- Commercial investment mortgages - Used for properties you plan to rent out.
You can take out a commercial mortgage loan on both an interest only and capital repayment basis.
Interest only commercial mortgages keep monthly payments low and can help from a cash flow position - but you’ll need to repay the full loan amount at the end of the mortgage term.
The amount you can borrow and the commercial property mortgage rates you’re offered will not only be affected by the current circumstances of your business, but also by the type of loan you apply for.