Why use Prospero Finance to find your commercial mortgage
With access to all of the mainstream lenders as well as the specialist lenders, Prospero Finance is well placed to work for you to source the best commercial mortgage for your individual circumstances.
Commercial mortgages can be arranged for a variety of different properties with borrowing applicable for purchase and re-mortgaging. We are able to accept applications from individuals, limited companies and SPV’s.
No upfront fees
Whole of market access
Trading business or investment applications accepted
Interest only available
Same day agreement in principle
Market leading rates
100% LTV available with additional security
No maximum loan
Commercial mortgages explained
Commercial mortgages are arranged for the purpose of purchasing or re-mortgaging property that is primarily for commercial or business use and can be arranged for business to trade from, or alternatively as a form of investment (commercial buy to let).
Mortgages are provided by banks and other specialist financial institutes. Commercial mortgages are considered a complex type of lending requiring a higher level of expertise to successfully arrange.
High Street banks are able to provide us with rates above the bank of England base rate, but the interest rates for commercial mortgages vary according to a number of factors including but not limited to:
- Property Type
- Repayment Terms
- Loan Size
- Mortgage Type
- Credit Scoring
- Income Cover
Commercial mortgages are available for a wide variety of land and property types. Here we have listed some of the more recent property types we have secured competitive rates for.
- HMO (houses in multiple occupancy)
- Specialist buy to lets for flats under one freehold title
- Owner occupation commercial mortgages
- Investment purposes
- Residential portfolios and Individual buy to let
- Development Land
- Industrial units
- Restaurants and cafes
- Offices and office complexes
- Convenience stores
- Retail outlets
- Factories and warehouses
- Nursing and care homes