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Mortgages for a Shops

While the retail sector in general is still adjusting to changing shopping habits, many individual retail categories are enjoying strong growth. Commercial Mortgages Fast understands this and recognises that opening a high street shop is still the most straightforward way for lots of people to enjoy running their own business.

Commercial Mortgages Fast has access to a wide range of mortgages for shops. If you’re buying a shop, we’re ready to help you. Buying a shop using a commercial property mortgage will help you avoid tying up capital which you might be better able to use in the business. It will also allow you to make the most of the tax advantages available.

Buying a Shop to let.

If you’re buying a shop as an investment, and planning to rent it out to another retailer, Commercial Mortgages Fast will help you find a specific ‘investment related’ commercial property mortgage suitable for people buying a shop.

What if you run or own a Shop now?

If you already have a retail business and have the opportunity to buy up your premises, Commercial Mortgages Fast can help you. Converting the money you currently pay in rent into a mortgage payment makes real sense. It immediately protects you from future rent rises, and the potential appreciation in the value of the property could give you a sizeable pension pot for the future, or further equity to borrow against in years to come.

If you already own a shop, in which you either run your business or which you let to tenants, then Commercial Mortgages Fast can help you unlock capital tied up in the property using a lower rate commercial property remortgage. In either case, you can obtain up to 80% of the value of your shop, possibly more If you’re able to provide additional security.

Who to talk to about mortgages or remortgages for a Shop or Retail Premises.

If you are thinking about buying a shop, or raising money against a shop you own, Commercial Mortgages Fast is ready to help. You may 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 shops, and we’ll match you with the one that’s best for your needs. At Commercial Mortgages Fast we can help you in any circumstances. We’ll build the perfect solution for your shop and on your terms to suit you.

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

  • Your Commercial Mortgages Fast commercial property mortgage will match your exact requirements.
  • You can secure as much as 80% of the property value on a Commercial Mortgages Fast commercial mortgage or commercial remortgage.
  • We have suitable mortgages for you, whether you want to manage your own shop or simply let 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.