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Commercial Finance

commercial property

What are Commercial Mortgages and do I need one?

A commercial  mortgage is a loan which is secured against a property that is not your own home. This may be commercial properties such as a retail premises or a buy to let property or a combination of both.

If your business needs to borrow an amount larger than £25k, a commercial mortgage can help you. £25,000 is the maximum business loan that you can get. A business loan, however, is unsecured. 

Why might you use a commercial mortgage

There are two main reasons that you may need to take out a commercial mortgage. If you want to purchase a new property, either for operational business use or to let out for rental profit. 

Otherwise, you might want to release the equity in your current business property in order to pay for additional high cost business needs.

Sort Finance can help you with your Development Finance Needs.