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Mortgages for an Industrial Unit

Buying or refinancing an industrial unit makes sense for many smaller businesses watching rent disappear each month and Commercial Mortgages Fast is here to help make it happen.

We know that the kinds of businesses occupying industrial units are often at a disadvantage if asked to produce full accounts going back 3 years to support a mortgage application.  Commercial Mortgages Fast works with you to match you to products and lenders who will allow you to disclose your income directly rather than via accounts.

Buying or remortgaging an Industrial Unit.

If you own an industrial unit, or if you own an industrial unit which is let to another business, Commercial Mortgages Fast can help you unlock capital with a lower rate commercial property remortgage. You could use the money to carry out refurbishments to your existing unit, purchase new machinery or technology, or invest in other ventures.

You might want to extend into an adjacent unit using some of the equity in your existing unit as a deposit, or you might even want to use the money for some other purpose (perhaps personal) entirely. At Commercial Mortgages Fast we take the view that it’s your business, and not ours, how you use your funds.

Buying an Industrial Unit to let.

Commercial Mortgages Fast can also help you if you’re considering buying an industrial unit as an investment, with the intention of letting it out to another business. There are specific ‘investment related’ commercial property mortgages for industrial units available, and these can be of particular interest if you’re considering buying an industrial unit privately, and then letting it to your own business.

Who to talk to about a mortgage or remortgage for an Industrial Unit.

Commercial Mortgages Fast is waiting to help you if you are thinking about buying an industrial unit, or raising money against an industrial unit 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 commercial property mortgage for you.

At Commercial Mortgages Fast, our specialist banking partners provide a broad range of commercial mortgages for industrial units, and we match you with the one that’s best for your needs.

We can help you raise up to 80% of the value of the unit you’re buying or remortgaging, and possibly more if you’re able to put up additional security. At Commercial Mortgages Fast we can help you in any circumstances. We’ll build the perfect solution for your unit, and you, on your terms.

Why choose Commercial Mortgages Fast to help you buy or refinance your industrial unit?

  • Mortgages for industrial units from Commercial Mortgages Fast will match your exact requirements.
  • You can secure as much as 80% of the Factory property value on a Commercial Mortgages Fast commercial mortgage or commercial remortgage. 
  • We have suitable mortgages for you, whether you want to use the factory yourself or simply lease it out on an investment basis.
  • We can remortgage your unit for any purpose without the need to provide accounts or a business plan.

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.