Commercial Mortgages provide you with the opportunity to buy your own business premises outright. These mortgages come with a range of benefits. Here at Just Money UK we offer advice and guidance to help our clients through the different areas involved when applying for a commercial mortgage. In this blog we are going to be talking about some of the key benefits businesses can enjoy through this type of mortgage.
Owning your own premises
The fact that a commercial mortgage opens the gateway to you owning your business’ premises proves highly beneficial. You will have much more flexibility over the management or repairs of the building, allowing you to alter it to suit your company’s needs. Down the line if you decide to move again, owning the property could enable you to profit from it’s sale. Alternatively, you could rent the premises out and receive that extra revenue.
When it comes to financial planning, having a set structure over time is incredibly helpful and much less time consuming. Commercial property mortgage payment plans usually extend for a number of years, allowing your business to focus on other important business matters such as sales and training staff.
Lower interest rates
Commercial property mortgages tend to have lower interest rates than other unsecured borrowing methods. Choosing to have fixed monthly repayments means you can accurately use them in your business planning and forecasting, enabling you to structure the finance of your business with a bit more certainty.
If you are interested in applying for a commercial mortgage for your business, Just Money UK are on hand to offer expert advice. For more information on our services call us on 01325 469234 or visit www.justmoneyuk.com