Commercial Mortgages & Remortgages

A commercial mortgage is a mortgage used to buy buildings or land for business purposes. As with residential mortgages, the lender holds the legal rights over the business premises until the loan is fully paid.

The benefits of buying your business premises rather then renting;

Your business will have a a large asset which is very likely to increase in value
The mortgage repayments are often similair or even less expensive than commercial rental costs
Mortgage interest payments are tax deductable

Depending on the lender, you may be able to sub let part of the business space

Bridging Loans

A quick temporary solution for moving your business to better premises. For example if you see premises that you wish to purchase but you are still waiting to sell your existing premises but need to make an offer quickly, then a bridging loan may be the solution you need. A temporary solution until your commercial mortgage offer comes through. There are two types of bridging loans;

Closed Bridging Loan

If you have made an exchange on your existing premises then a closed bridging loan may be an option. Once contracts have exchanged, it is unlikely that the sale will fall through, therefore lenders should be confident in offering this as a short term solution.

Open Bridging Loan

An open bridging loan may be a an option if you have found your next premises but have not as yet put your existing premises on the market. However you must be able to prove that you have a lot of equity on the existing premises and a lot of documentation will be required by the lender.

Secured Loan

Usually a short term solution to cash flow shortfalls. The lender will usually secure the loan on the property of the borrower. The lender will generally ask to see a business plan detailing how you plan to pay back the loan.

Insurance

Every business owner needs to be confident that their business is adequately insured. No matter what your business, Sidstone can offer the perfect insurance package for you.

Whatever your business needs, the experts at Sidstone are here to help!