Complex made easy

COMMERCIAL

WHETHER OUR CLIENTS ARE LOOKING TO PURCHASE OR RE-MORTGAGE TO EITHER OCCUPY A COMMERCIAL PROPERTY FOR THEIR OWN BUSINESS US OR TO LET AS AN INVESTMENT, VIBE CAN ASSIST IN SOURCING SUITABLE FINANCE OPTIONS

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Commercial

Whether our clients are looking purchase or re-mortgage to either occupy a commercial property for their own business use or to let as an investment, VIBE can help source the most suitable products from our wide ranging lender panel for our clients based on their own individual requirements – all whilst offering a service that is second to none.

We can assist in sourcing finance for the below;

  • Applications accepted from individuals, limited companies, SPV’s, Pensions (SIPP & SSAS) and offshore entities
  • Trading business or investment
  • Most property types considered
  • Interest only or capital repayment
  • Up to 75% LTV for investments (more if providing additional security)
  • For trading businesses (dependant on sector) a higher LTV may be obtainable
  • Competitive rates

FAQs

What is a commercial mortgage?

Commercial mortgages are arranged for the purpose of purchasing or re-mortgaging property that is primarily for commercial or business use and can be arranged for a business to trade from, or alternatively as a form of investment (commercial buy to let)

 

Mortgages are provided by banks and other specialist financial institutes.  Commercial mortgages are considered a complex type of lending requiring a higher level of expertise to successfully arrange and our expert advisors are on hand to guide our clients through the process.

What is a semi-commercial property?

A semi-commercial property is one that is part residential and part commercial (for example; a retail unit with 2 self-contained flats above)

 

Some lenders have separate pricing for semi-commercial properties as opposed to 100% commercial units.

 

Here at VIBE we have access to bespoke competitive pricing where the residential element is 60% or more of the total value of the security.

Can I raise funds on my commercial property if it is currently vacant?

Yes – up to 75% LTV case dependant.

 

The lender may request cash reserves to cover for any initial void periods whilst a tenant is sourced but that is case dependant.

What is the minimum term length that can be accepted on an FRI lease?

As we have lenders that will consider vacant properties, there is no minimum requirement on the length of term. Each lease will be assessed by the lender and their lawyers as part of the application process.

Can I raise funds against my SIPP/SSAS Pension Scheme?

Yes, secured on Commercial property only. You are only able to borrow up to 50% of the net current assets within the scheme subject to the lenders maximum LTV which is typically 75%.

Commercial Property Examples;
  • Offices
  • Convenience stores
  • Retail units
  • Restaurants and cafes
  • Warehouses and factories
  • Light and heavy industrial
  • Nursing and care homes
  • Pubs and clubs
  • Arcades
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