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OWNER OCCUPIED COMMERCIAL MORTGAGES

Guitar shop with guitars hanging for sale

An Owner-Occupied Commercial Mortgage is a loan for business owners to buy or refinance property used primarily for business operations. Ideal for small to medium-sized businesses, owners can invest in their premises, whether offices, shops, or industrial units. The loan is secured against the property, with terms based on the business's financial health and the owner's credit history. These mortgages often offer more favourable rates and terms than traditional commercial loans, as the owner's engagement in the property typically indicates a lower risk.

WHAT IS A OWNER OCCUPIED COMMERCIAL MORTGAGE?

NO UPFRONT FEES

NO BROKER FEES

Key benefits of Owner Occupied Commercial Mortgages:

PROPERTY ELIGIBILITY 

  • Mixed-use properties qualified

  • Residential and commercial components

  • Location and condition considered

  • Compliance with zoning regulations

LOAN CHARACTERISTICS

  • Higher deposit requirements

  • • Blended interest rates

  • • Varied loan terms available

  • • Secured against property

BORROWER CRITERIA

  • Strong credit history needed

  • Solid financial background is important

  • A business plan may be required

  • Experience in property management valued

Experienced. Trustworthy. Tailored.

Clever Commercial is an award-winning brokerage with over 30 years expertise in providing bespoke property financing solutions. Competitive rates, flexible criteria, and unrivalled service. Build your future - partner with us.

WHY CHOOSE CLEVER COMMERCIAL?

FREQUENTLY ASKED QUESTIONS

What is an Owner-Occupied Commercial Mortgage?

It's a loan for business owners to purchase or refinance a property primarily used for business activities, like offices or retail spaces. It allows owners to invest in their business premises.

How does an Owner-Occupied Mortgage differ from other commercial mortgages?

These mortgages are specifically for business owners using the property for their operations, often offering better terms and rates due to the lower risk compared to investment properties.

What criteria do lenders look at for approval?

Lenders evaluate the business's financial health, profitability, the owner's credit history, and the property's value. A strong business plan can also be a crucial factor.

Can startups or new businesses qualify for this mortgage?

Yes, but they may face stricter scrutiny. Lenders will likely require a solid business plan, proof of industry experience, and possibly a larger down payment due to the perceived higher risk.

CONTACT DETAILS

Email:

enquiries@clevercommercial.co.uk

Telephone Number:

01981 250511

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