Most commercial mortgage lenders will offer finance of between 70% and 80% of the value of the property, leaving the borrower to find a significant deposit of between 20% and 30%.
Unless the company has the luxury of sufficient funds for the deposit in cash, or the owner is prepared to contribute personal funds to the purchase, consideration must be given to the best way to raise the money. Some options are cheaper or more tax-efficient than others.
There are a number of ways to raise business finance for property, for example:
In order to make sure you choose the best option for your company, it is a good idea to talk to a specialist adviser. We could save you time and money by using our experience to help you, whatever your company’s circumstances. To talk it through with one of our experts, please complete a Mortgage Enquiry Form and we will arrange for you to be contacted.
Alternatively, you can call us on 0845 108 0505.
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