Commercial Mortgages - Security

Commercial mortgages are usually much larger than those taken out for residential property. As the risk to the lender grows, so does the need for extra collateral in case of financial difficulties.

In most cases your business premises will be enough security for the loan. However under some circumstances extra security may be required. This may be in the form of a business asset or may be the residential property of the business owner.

A lender will be able to offer a better deal the more security you can provide. This does mean that more than your business premises are at stake, so you need to be absolutely sure of your figures before using your home as security.

More Commercial Mortgage Topics:

• Would It Work? - why a commercial mortgage would work for your business
• Use and Benefits - weigh up the pros and cons
• Who Can Get One? - who can take out a commercial mortgage?
• Bad Credit History - don't let credit history stop you
• Self Certification - make sure you have the right documents
• Property Types - property types that we allow
• Our Commercial Mortgages - how our mortgages work
• Interest Rates - understand interest rates with some examples
• Security - make sure you're secure
• Fees - understanding confusing legal fees
• Filling in an Application Form - don't worry they're easy - learn here

Apply for a Free Mortgage Quote