Commercial Mortgages
Advantages
Own a business property outright, stop paying rent
A strong, long-term investment that allows for easier expansion and growth
Usually no fixed rates and the interest is tax-deductable
Tend to offer better rates than a regular business loan
If your property value increases, your capital can also
Can rent the property for extra income
Can be accepted with poor credit
Things to Consider
A deposit will likely be required
You’ll usually pay higher interest when compared to a home mortgage
Timescales can be longer than other loans due to the nature of the product
How do I obtain a Commercial Mortgage?
High street banks were once the more common route, but increasingly SMEs are turning to alternative finance providers for their funding requirements, including Commercial Mortgages. Griffiths Commercial Finance work with both the banks, and the alternative lenders, giving you the best chance of obtaining the right funding for your business. Applying through GCF is quick and easy, the first stage is to click the apply button on our website and follow the option for a Commercial Mortgage. From that stage, you will receive a phone call from one of our partner lenders to discuss next steps.
What are my other options?
If you are not sure that a commercial mortgage is right for your business, there are many other options to explore. If you require further advice, feel free to contact us via email: info@griffithscf.co.uk