UK based call handling
Call free Get a quote Commercial Mortgage Calculator
Bank lowers interest rates to 5%
Sterling Falls on Rate Cut Hopes

Mortgages for Garages

The business of running a successful garage or bodyshop has undergone substantial changes in recent years. At Commercial Mortgages Fast we understand that this means that flexible and accessible finance options are needed. Advances in technology and in the equipment required to diagnose, service and repair modern vehicles mean that older workshops are often no longer fit for purpose.

If you run a garage whose premises you own, or if you own a garage let to another business, Commercial Mortgages Fast will match you with one of a number of excellent commercial mortgage products available for garages or workshops. By doing so, the funds made available could help you refurbish and adapt your premises and modernise equipment.

If you own a dealership, as opposed to a workshop or body shop, then these commercial mortgages for garages can help you refurbish to the standard expected by today’s customers, as well as to build or refit an onsite service workshop.

Buying or remortgaging a Garage.

If you are buying or remortgaging a garage, showroom or body shop from scratch, Commercial Mortgages Fast will find you the right choice for you from the commercial mortgages for garages available in the market. This will help you to finance your purchase, and also develop and extend the buildings on the site to get the very best return from your investment. It can also make it possible for you to take personal advantage of the tax possibilities of buying your property yourself and leasing it back to your business.

If you’re buying a garage as an investment (possibly with an eye to future development of the site) and planning to let it out in the meantime, Commercial Mortgages Fast can match you with a specific, ‘investment related’ commercial mortgage.

Who to talk to about mortgages or lower rate remortgages for Garages.

Commercial Mortgages Fast is waiting to help you if you’re thinking about buying a garage, or raising money against a garage you own.

You might feel you should talk to your bank first, but your bank is in the business of selling its own financial products and its business lending manager isn’t free to lead you to the best for you amongst the available commercial mortgages for garages.

At Commercial Mortgages Fast, our specialist banking partners provide a broad range of commercial property mortgages and remortgages for garages, and we match you with the one that’s best for your needs. We can help you raise up to 80% of the garage’s value.

Commercial Mortgages Fast can help you in any circumstances. We’ll build the perfect solution for your garage, and you, and on terms to suit you.

Why choose Commercial Mortgages Fast to help you buy or refinance a garage?

  • Commercial Mortgages Fast ensures your commercial mortgage matches your exact requirements.
  • You can secure as much as 80% of the value of a garage on a Commercial Mortgages Fast mortgage or remortgage.
  • Commercial Mortgages Fast has suitable mortgages for you whether you plan to run your garage premises yourself, or lease it out on an investment basis.
  • Commercial Mortgages Fast offers a truly independent approach and always ensures you receive the best product and deal for your circumstances.

How much do we charge for our services?

Following receipt of your completed Commercial Mortgage or Remortgage form, we will undertake a proper review of your application. We will document and log all of the key facts relevant to it and the financing options that are available to you and your business. This will help to ensure that any recommendation which we make to you will be the most appropriate for you and your business after taking full account of your circumstances.

Once we have made our recommendations to you we will confirm our advice in writing.

Standard commercial mortgage application

This applies to any application where satisfactory accounts are provided and where there are no adverse credit issues. Our Professional Services Application Fee for a Standard application is currently £499 for each mortgage contract.

This fee which will be payable by Credit or Debit card at the time of application will cover the costs of any case work involved in preparing, submitting and managing your application/s. In addition to any Professional Services Application Fee, on completion we will receive a fee from the lender.

You will not have to pay any other fees.

Adverse credit commercial mortgage application

For any application where there are no accounts, or there is an impaired credit history, for example, CCJs, missed loan repayments or defaults, our workload will increase substantially. Accordingly, our Professional Services Application Fee will be £699 for each mortgage contract.

This fee which will be payable by Credit or Debit card at the time of application will cover the costs of any case work involved in preparing, submitting and managing your application/s. In addition to any Professional Services Application Fee, on completion we will receive a fee from the lender.

We will also charge Professional Services Fee of 1% on completion.

Refund of fees

If we are unable to secure an offer from any lender in respect of your application, you will receive a full refund of any Professional Services Application Fee which you have paid to us. If the application does not proceed for any other reason you will not receive a refund.

Valuation/Survey fees

A valuation / survey fee will be required as part of the application process and we will advise you of the exact amount at the time of application.  All valuation / survey fees are payable at the time of application by Credit or Debit card and are completely non-refundable.