Trading Business Mortgage Specialists
Buy Your Business Premises and Stop Paying Rent
Owner-occupied commercial mortgages for trading businesses buying their own premises. We search the whole market and handle every stage of the application.
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Why choose us
What working with us actually looks like
There are plenty of Commercial Mortgage Brokers in Northampton. Here is what is different about how we run things, in plain terms.
Genuinely independent, not 'restricted whole of market'
You speak to your adviser, not a queue
We stay involved past 'mortgage offer'
The offer isn't the end, it's the start of the slow bit. We chase the lender, push the solicitor, and handle surveyor queries.
Owner-occupied commercial finance
How lenders assess a trading business mortgage
A trading business mortgage, also known as an owner-occupied commercial mortgage, allows a business to purchase the premises it trades from rather than paying rent to a landlord. The loan is assessed against the performance and financial strength of the business as well as the value of the property itself. Lenders want to see profitable trading history, evidence that the business can comfortably service the loan, and a property that represents fair market value.
The benefits of ownership
Why buying your business premises makes financial sense
Owning your business premises eliminates rent as an ongoing cost, builds asset value within the business or personally, provides security of tenure, and can be a significant asset on the balance sheet. Mortgage payments are often lower than equivalent commercial rents, and the property can be used as security for future business borrowing. For many trading businesses, purchasing the premises is one of the most financially sound decisions they make.
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Trading business mortgage questions
What business owners ask about owner-occupied commercial mortgages
Quick answers to what trading business mortgage clients ask us most.
How much deposit does a trading business need?
Most lenders require between 25% and 40% of the property value for owner-occupied commercial mortgages. A stronger trading record and financial position can sometimes support a lower deposit requirement.
What financial information does a lender need?
Typically two to three years of business accounts, recent management accounts, VAT returns, and business and personal bank statements. We guide you through exactly what is needed at the outset.
Can a new business get a commercial mortgage?
It is more challenging as lenders want to see trading history. Some specialist lenders will consider younger businesses with a strong business plan, the right personal financial profile, and a significant deposit.
Can I buy through my limited company?
Yes. Purchasing commercial premises through a limited company is common. Lenders typically require personal guarantees from directors and the company accounts will be central to the affordability assessment.
What property types are available for owner-occupation?
Offices, retail units, industrial premises, warehouses, workshops, healthcare properties, and many other commercial uses are all financeable on owner-occupier terms. The right lender depends on the specific use.
Can I use a commercial mortgage to refurbish as well as purchase?
Some lenders will incorporate planned refurbishment costs into the facility. Others prefer to fund the purchase on standard terms and then assess a separate facility for works. We advise on the most efficient approach.
Is the mortgage repayment tax deductible?
The interest element of commercial mortgage payments is generally a deductible business expense. Capital repayments are not. We strongly recommend taking specialist accountancy advice on the full tax position.
Can I let part of the premises to another business?
In many cases yes, subject to lender consent and planning permission for the relevant uses. Letting a portion of the premises can help offset mortgage costs. We factor this into the application where relevant.
Ready to buy your business premises?
Get in touch for a free consultation and we will find the right commercial mortgage for your business.