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The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted in the vehicle finance market regarding Discretionary Commissions. We want to inform our customers that at the time of the announcement and before, Anglo Scottish Asset Finance acted as a broker, not a lender. We are now a broker and lender. If you believe you have been impacted by this issue, please contact your car finance lender. For further information, please click here

The Financial Conduct Authority (FCA) announced on 11 January 2024 that a review will be conducted

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Mortgages

Secure a property at an affordable rate

Whether you’re looking to purchase new property or land, refinance or expand your buildings, we can help you find the best commercial mortgage to meet your requirements.

What is a commercial mortgage?

A commercial or business mortgage is a type of loan for businesses that want to borrow funds to purchase property or land for business use or expand their existing property. Most used by business owners who want to own the premises, commercial mortgages can also be used by investors who want to buy a property to lease to another business or a residential property developer/owner who wants to buy multiple properties and rent to tenants.

How to apply for a commercial mortgage

Once you have identified your needs or located the property you wish to purchase, contact the team here at Anglo Scottish and we’ll get to work.

We’ll take some details from you regarding your business and the property, and we’ll reach out to our panel of funders to find the best deal to match your requirements. 

Once we’ve found the right deal and you’ve agreed to the terms, we’ll handle the application with the funder and take care of all the details.

Alternatively, you can use our comparison tool to check your options.

Compare Commercial Mortgages

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Using our comparison tool, you can compare mortgages form over 150 funders to find the right deal to meet your needs.

Need help? Call us on 0191 410 4776

What is the difference between a commercial mortgage and a residential mortgage?

The main, and most obvious difference between a commercial property mortgage and a residential mortgage is the use. A residential mortgage is used for buying a home and a commercial mortgage is used to buy a property for business purposes.

Interest Rates

You’ll find that commercial mortgages tend to have higher interest rates than their residential counterparts, as they are a higher risk to the lenders.

Deposit

While it’s possible to secure a residential mortgage with a 5-10% deposit, a commercial loan will usually require a much larger deposit, this is usually between 20 and 40% of the value of the property.

Term 

Usually, residential mortgages have much longer terms than commercial mortgages, a residential mortgage tends to have repayment periods of 25-35 years, whereas commercial mortgages will need to be paid back over a shorter period and terms can vary between 1 and 25 years, although some lenders will cap them at 15 years

The benefits of commercial mortgages:

  • The interest on your commercial mortgage is tax-deductible.
  • If your property increases in value, your capital could also see an increase.
  • You’ll be able to rent out the property to generate extra income.

CASE STUDIES

How Asset Finance Solutions Transform Commercial Fit-Out Projects

Commercial fit-outs demand substantial upfront capital that can strain business cashflow – but asset finance solutions spread these costs into manageable instalments while preserving working capital for growth.
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The Funding Gap: Why Traditional Lenders Say No To Startup businesses (And What to Do About It)

Every startup business reaches a point where it needs funding to grow, but securing it can be difficult without an established trading history leaving many startups facing a funding gap just as they are ready to invest and move forward.
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The Growth Guarantee Scheme Just Got a Major Upgrade — Here’s What It Means for Your Business

If you looked at the Growth Guarantee Scheme (GGS) a year ago and decided it was not the right fit for your business, it may be time to take another look. Since launch, the scheme has changed significantly, and the government has now announced its biggest expansion to date.
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