Commercial Property

Ask a question?

Commercial Property Finance

Getting lending for commercial property is a little different from getting a home loan.

The drivers behind commercial property are different – and often less emotional – than a place that people live in. As a result, the criteria surrounding much of the funding in this area has remained largely unchanged over the recent years.

The basic level the trading banks promote is a 65% loan to value ratio as a maximum, but the fact is that there is the ability to borrow up to 100% of an owner-occupied commercial property.

The costs for commercial loans are higher than residential. As a guide they would be anywhere between 1% more than residential rates to 2.5% more.

As with residential lending, every bank looks at commercial property funding in a different way and have their own views on how much they will lend against it, given a range of conditions such as location, type, strength of the lease or owner-occupier and industry.

The key is to have it arranged before going unconditional on a new purchase – and this is especially relevant for commercial property. There a many more aspects to funding commercial property than obtaining lending against residential security.

If you are considering purchasing commercial property, give the friendly experts at Edge Mortgages a call

Why Use a Mortgage Broker?

Because we can save you time and money

We can even get you that dream home that you might otherwise miss out on. Or enable that development project to build your business.

Find out more about why you should use a Mortgage Broker or just get in touch.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

We are here to make getting a
mortgage or finance easy

It's that easy, with Edge Mortgages. All it takes is a phone call!