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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 Anglo Scottish Asset Finance acts as a broker, not a lender, and 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.

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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

You Can Finance That? The Weirdest Assets Funded Over The Years.

It might surprise you, but asset finance isn’t all diggers and tractors, although we do finance a lot of them. We can actually finance almost anything (within reason), and in the past 17 years, we’ve certainly seen our fair share of odd assets.

Artificial Intelligence and Robotics, The Future of Farming?

From implementing innovative technologies to diversifying their crops, farmers and crofters in the UK have shown incredible resilience in the face of adversity. By collaborating with researchers and agronomists, they can stay ahead of the curve and ensure sustainable practices for the future. We look at some of the solutions being utilised to protect the future of farming.

Choosing An Electric Commercial Vehicle, Everything You Need To Know.

Looking for an a new electric commercial vehicle? there are various avenues through which you can obtain one so we look at your buying options so you can make an informed decision.