Example: premises purchase
An established business outgrowing rented premises may consider a commercial mortgage to purchase its own property.
This is an illustrative example only. Suitability depends on individual circumstances.
Finance
Finance for commercial property ambitions.
Commercial mortgages and property finance may help businesses purchase, refinance or invest in commercial property.
Tera is a credit broker, not a lender. Any finance is subject to status and the terms of the finance provider.
Overview
Commercial property finance covers mortgages and related facilities secured against business or investment property. Terms depend on property type, valuation and applicant profile.
How it works
Funding is secured against the property. Deposits, valuations and legal work are typically required. Terms may span many years.
Common uses
- Purchasing business premises
- Refinancing existing commercial property
- Portfolio investment
- Buy-to-let commercial property
Benefits
- May enable property ownership or investment
- Repayments may be structured over long terms
- Refinancing may release equity for other purposes
Considerations
- Valuations and legal checks add time to the process
- Deposits or equity are usually required
- Property type and location affect availability
- Personal guarantees may be requested
Information required
- Property details and purchase price
- Deposit or equity available
- Business and rental income information
- Existing property portfolio details
Who may consider
- Businesses purchasing premises
- Property investors
- Companies refinancing existing property debt
The process
- 1.Share property requirements through Tera's assessment
- 2.Provide financial and property documentation
- 3.Arrange valuation and legal work through the provider
- 4.Review and complete the mortgage offer
Commercial mortgages FAQs
Ready to understand your funding options?
Start with a short assessment and tell us what your business is planning next.
- No obligation to accept an option
- Clear next steps
- Human support available