Mortgage applications can be complex, and applying for an owner-occupied commercial mortgage can feel like a big undertaking, particularly for companies investing in their first self-owned trading premise.
The first step is to collate all the important information and documentation, such as:
Business plans
Financial statements
Tax returns
Forward projections
Credit scoring history
Once you have all the details to hand, we can assist by researching products on the market and lenders that are a good fit for your requirements, comparing the rates and terms offered and your likely eligibility.
It is often advisable to select a lender with a focus on commercial mortgages since they are accustomed to negotiating and liaising with business brokers, allowing us to advocate for your application and often achieve more competitive rates.