Commercial Mortgages
If you're looking to invest in or purchase a commercial property, our expert team is here to guide you through every step of the process. We provide a clear breakdown of costs, assist with negotiations, and ensure you secure the best possible mortgage deal for your business needs. Whether you're buying an office space, retail unit, or industrial property, we make the process seamless and stress-free.
The world of business, finance, and property is constantly evolving, and securing a commercial mortgage can feel complex whether you're a first-time investor or an experienced business owner. At Magpie Nest Finance, our experts stay ahead of market trends to guide you through your options and help you make informed decisions. There are various strategies when investing in commercial property. You may choose to purchase a property for your own business use, securing long-term stability and avoiding rising rental costs. Alternatively, you could invest in a commercial space to lease out, generating rental income while building equity. Another option is refinancing your existing commercial property, allowing you to release equity for expansion, renovations, or other business needs.
FAQ
Is my existing mortgage portable?
Nowadays, most mortgages are portable which means you are able to transfer the mortgage on to a new property subject to additional underwriting checks, however you should always check this with your existing lender. By porting the mortgage, you can then avoid paying any early repayment charges you may have with your existing lender for redeeming the mortgage early. This is because you will be transferring the mortgage on to a new property and will therefore be remaining with your existing lender. Here at Cornerstone Mortgages & Finance, our experienced advisors can advise you on whether it will be more beneficial to port your current mortgage or to redeem your existing mortgage and take out a new one with a different lender after researching both options.
Can I keep my existing property?
Yes it is possible to keep your existing property and therefore let the property out if you wish, this is called a ‘let to buy’ application. Alternatively you may wish to purchase a second residential property or a holiday home, this is also an option. There are a few things to consider when keeping an existing property and purchasing a new property. One of them will be the additional stamp duty you will have to pay to purchase your new property. This is because you will then own more than one property upon completion. Our expert advisors will be able to talk you through the costs associated with having more than 1 property.
Am I too old to get a mortgage?
Whatever your age, as long as you have an income, our team of experts can look into finding you a suitable mortgage. We work with all lenders, banks, buildings societies, mainstream lenders and specialist lenders which gives our privileged customers access to a comprehensive range of different mortgages for all ages.
Contact our
experts today
- 07894 213439
- 07894 213439
- mehidi@magpienestfinance.com
