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Remortgage Commercial Property: A Comprehensive Guide

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If you’re looking to refinance your UK commercial property, you’re in the right place. We are a specialist commercial mortgage broker with extensive experience in sourcing commercial finance for property transactions in the UK. 

Commercial Property Remortgage

Commercial Property Remortgage Types

If you are looking to refinance your commercial property, we can help you secure competitive rates from our network of lenders. Our services extend to a range of commercial properties, including:

  • Offices, co-working spaces, and shared office spaces.
  • Retail outlets, including those in housing and office developments.
  • Mixed-use premises, including those that combine residential and commercial premises.
  • Factories, industrial units, and warehouses.
  • Restaurants and cafes, including those located in trading estates.
  • Nursing and care homes, including those that require upgrading or conversion.
  • Portfolio buy-to-let investments.
  • Houses in multiple occupancy (HMOs).
  • Development land opportunities.

We understand that each commercial property is different, and we take a personalised approach to each client’s financial needs. Our brokers have direct relationships with business development managers at all the lenders we work with, which enables us to set up finance quickly.

Why Work With Us?

Our area of expertise in the property finance sector is providing specialist, individual advice tailored to each commercial client’s financial needs. We have the expertise and depth of knowledge of the commercial property finance market to source the most appropriate funding for you.

We do not just look at headline interest rates. We take into account all the costs associated with a loan, such as survey costs, set-up fees, and the terms of the loan agreement. The amount of flexibility a loan agreement allows, including early repayment charges, can have a significant impact on your business plans a few years down the line.

We have access to sources of finance not generally available to the retail market, such as private banks, specialist lenders. They are often willing to provide commercial mortgages to applicants in a variety of circumstances.

Terms and ERC

When you remortgage your commercial property, you will need to consider the repayment terms and any early repayment charges. Repayment terms can vary depending on the lender and the type of commercial mortgage you choose. You may be able to choose between capital repayment, interest-only, or a combination of both.

Early repayment charges may apply if you repay your commercial mortgage early. These charges can vary depending on the lender and the type of commercial mortgage you choose. It is important to consider these charges when choosing a commercial mortgage and to ensure that you can afford them if you need to repay your mortgage early.

Commercial Mortgage Specialist Mortgage Broker

When remortgaging your commercial property, it is important to work with a specialist advisor and mortgage broker who understands the commercial mortgage market. We have extensive experience in sourcing finance for a range of commercial properties. Our brokers are experts in the commercial mortgage market and can help you find the best commercial mortgage for your needs.

Repayment Holidays

When you remortgage your commercial property, you will need to provide security for the loan. This can be in the form of the property itself or other assets. The amount of security required will depend on the lender and the type of commercial mortgage you choose.

Some commercial mortgages may offer a capital repayment holiday. This means that you will not need to make any repayments on the capital for a set period. This can be useful if you need to free up cash flow to invest in your business or to make improvements to your commercial property.

Enquire online today, and one of our specialist brokers will be in touch soon to help you find the best commercial mortgage for your needs.

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Frequently Asked Questions

How does remortgaging a commercial property work?

Remortgaging a commercial property involves replacing your existing mortgage with a new one from a different lender or renegotiating the terms of your current mortgage. The new mortgage can be used to pay off the old one, and the remaining funds can be used for other purposes, such as purchasing new commercial property or expanding your business.

What are the benefits of remortgaging a commercial property?

There are several benefits to remortgaging a commercial property, including the ability to obtain a lower interest rate, reduce monthly payments, release equity, and consolidate debt. Additionally, remortgaging can provide more flexibility in terms of the length of the mortgage and the repayment schedule.

What are the requirements for remortgaging a commercial property?

The requirements for remortgaging a commercial property vary depending on the lender and the specific terms of the mortgage. Generally, lenders will consider factors such as the value of the property, the amount of equity you have, your credit score, and your income and expenses. It may also be necessary to provide documentation such as business accounts, tax returns, and proof of income.

Can I get a better interest rate by remortgaging my commercial property?

Remortgaging your commercial property can often result in a lower interest rate, which can save you money over the life of the mortgage. However, the interest rate you receive will depend on a variety of factors, including the lender, the value of the property, and your creditworthiness.

What are the fees associated with remortgaging a commercial property?

There are several fees associated with remortgaging a commercial property, including valuation fees, legal fees, and arrangement fees. These fees can vary depending on the lender and the specific terms of the mortgage. It is important to carefully review the terms of the mortgage and understand all associated fees before proceeding with a remortgage.

Can I release equity on a commercial property through remortgaging?

Yes, it is possible to release equity on a commercial property through remortgaging. This can be done by increasing the size of the mortgage, which allows you to borrow against the equity in the property. The amount of equity you can release will depend on the value of the property and the specific terms of the mortgage.

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Legal Information & Disclaimer

This site is an information only site. All of our articles are written by authorised mortgage brokers for the only aim of providing great, useful, mortgage and loan related information. We intent to offer the best possible suggestions and guides however can’t always guarantee to be perfect, please use the information at your own risk. We can’t accept responsibility if things go wrong. Please contact us via our contact page if you see anything that requires changing and we will do so as soon as possible.

The articles on our site do not provide financial advice. Instead, they aim to equip you with the necessary information to attain your mortgage objectives. 

** The content provided in this page is correct at the time of writing. Mortgage and loan lender’s qualifying criteria and rules change frequently so speak to an adviser to confirm the most up to date rules and criteria. The content on the website is not specific advice to each reader, and does not constitute financial recommendations.