We can provide commercial mortgages for most property types, including:
Prime office/retail, Secondary office/retail, Industrial, Warehouses/retail park, Multi occupancy serviced offices, Mixed commercial & residential, Hotels, Public houses, Guest houses, Restaurants, Day nursery, Doctors/Dentists/Vets, Post office, Leisure, Agricultural, Property development & refurbishment.
Typical commercial mortgages and remortgages arranged by us for clients range from £50,000 to £15M. All commercial finance is tailored to meet the borrower's needs. Commercial mortgage structures available to clients can include:
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Variable and fixed rates
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Interest only mortgage periods
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Partial repayment
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Terms of up to 30 years
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Full status or self cert
Clients can use the following borrowing vehicles:
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Personal
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Partnership
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Limited company
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Limited Liability Partnership (LLP)
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SIPP and SASS pension
Offshore company.
Typically, we can arrange commercial mortgages up to 75% loan to property value dependent on the type of property.
There is not usually a requirement to switch day-to-day banking, and in most cases we believe it is beneficial to keep these financing elements separate. However, for owner occupier commercial mortgages, lenders will sometimes insist on the banking.
For Commercial property investors, it is important to consider the potential of a remortgage. This will allow owners/investors to increase their margins by reducing their mortgage costs, and could allow capital to be released from the property for further investment.
We are able to deliver rapid commercial mortgage funding to clients and to meet tight purchase deadlines eg auction purchases. Where the funds are needed more urgently, we may be able to assist using Bridging loan finance.
If you would like advice on your finance options for a proposed purchase or refinance case and would like to discuss matters in more detail, please call us on 0845 388 7602.
Alternatively you can write to :
Paul M. Salmon, CeMAP, FNAEA, FICBA
Salmon Financial Services
Crossweys House
28-30 High Street
Guildford
Surrey
GU1 3EL
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