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Low rates on commercial mortgages

Low Rates on Commercial Mortgages | Finance for Commercial Properties

There will come a time in every business when it makes financial sense to purchase commercial property. Yes, it takes a significant investment, but the long-term dividends will yield a strong financial foundation. With commercial mortgage rates at an all-time low many business are now able to secure their long-term future.

The benefits of owning a commercial property are significant.

  • Lenders will assess individual requirements rather than adopting a ‘one-size-fits-all’ approach, enabling the release of incredibly low interest rates.
  • If you have the ability to purchase larger premises than what you might need, you can easily generate rental income through subletting.
  • A commercial mortgage will enable you to set a monthly budget for your property, you will be safe in the knowledge of the exact costs without having to worry about an unexpected hike in rental costs

The NGI team have broad experience and provide a whole of market approach when sourcing the very best commercial mortgage. We have recently been able to source a market leading rate of sub 2% over bank rate, enabling a company to purchase an additional property for their business.

One other area that is often overlooked is VAT loans. A commercial property is subject to VAT so if you are purchasing a property for £500,000 you will have to pay £100,000 in VAT upfront. Of course, you are able to claim this back, but it can take up to 6-months for this to happen. With a VAT loan you will have immediate access to the funds required to pay the VAT, then in 6-months when you receive your rebate, you can pay off the loan.

For help on Commercial Mortgages or VAT Loans feel free to call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.