Mortgages

85% self cert Commercial Mortgage

In recent years we have seen vast changes to the Commercial Mortgage market, and these changes are creating great opportunities for landlords and business owners.

Large corporations, Insurance funds, Pension funds and the State have historically owned the vast majority of the UK commercial property, but since the late 90’s property boom specialist mortgage lenders have innovated and made commercial mortgages more widely available. It is now possible for the business owner to save on paying rent by acquiring a commercial property for self-occupation. Furthermore, the Buy To Let mortgage scheme has made Buy To Let landlords very rich and now they have assets (residential property), which they can leverage to enter the commercial lettings market.

The UK commercial lending market, once dominated by the high street banks such as Barclays, Natwest, HSBC, Bank of Scotland, Lloyds TSB, has become swamped with mortgage lenders. A Buy To Let Landlord comments ‘Today the market is very different and tomorrow will be even more advanced than today. You no longer have to walk from one bank to the next and have a sit down meeting with The Bank Manager!’.