This calculator is an estimation of how much you could borrow. If you’re ready to take out a mortgage, speak to a Revolution brokers to see what options are available.
While most business owners will be familiar with residential mortgages, applying for commercial lending is somewhat different - and the deposit requirement is also variable.
The mortgage brokers team has created this guide to help businesses understand how commercial mortgage deposits work, and how to calculate what sort of down payment you might be asked for!
For more specific advice and guidance about finding the best commercial mortgage rates to match your deposit level, get in touch on 0330 304 3040 or email us at info@revolutionbrokers.co.uk.
The level of deposit depends on what sort of mortgage you're applying for. Mortgages for businesses fall into these categories:
Deposits required will vary depending on which category you fall into.
Generally speaking, a commercial mortgage lender will look for deposits from 25% and up to 40%. This all depends on the risk level, although typically deposits are higher for business mortgages than residential.
Most mortgage lenders will offer:
In some cases, you can borrow more, and even up to 100% LTV, although this is a more specialist product and security will be required.
Every lender will consider the risk factor before making an offer.
Risk is assessed according to your specific circumstances, including factors such as:
Yes, by working with an experienced lender, you can negotiate Loan to Value caps with a lender if your deposit isn't high enough to meet their lending criteria.
In most cases, this means they will require an alternative form of security - usually another building, or a business asset with sufficient equity.
100% LTV commercial mortgages do exist, but this is a specialist product, so you are strongly advised to consult a professional brokerage team.
You will need some form of security with enough equity to act in place of a deposit.
Remember that any security offered is at risk of repossession if you do not keep up to date with your repayments.
If you have a low deposit, are seeking a high LTV commercial mortgage, or want to compare the different lending rates and terms on the market, contact the Revolution Finance team today.
Our independent whole-of-market team is available on 0330 304 3040 or via email at info@revolutionbrokers.co.uk.
Remortgaging your home is a great way to release equity and raise finance for those home improvement jobs you've always wanted to do. Before applying, it's vital to work out how much equity you have in your property and ensure sufficient capacity to borrow the funds required for the renovation you have in mind. In today's article, t..
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Most homeowners know that remortgaging means switching a mortgage from an existing lender over to a new deal. However, the process isn't always obvious. If you're on a fixed-rate deal, you'll want to get ahead of the end of the term to avoid being shuffled onto a higher standard variable rate where your interest costs will undoubtedly ..
Finding a great mortgage as a first time buyer can feel like an uphill struggle, with a larger proportion of applicants being turned down than a year ago. Around 20% of first-time mortgage applicants are rejected, usually because of the lender risk associated with their loan. Today, Revolution Brokers explains the highest risk facto..
Investing in a rental property can be an excellent way to get onto the property ladder and earn an income. However, if you haven't owned a residence before, you might find that a mainstream bank will automatically turn you down for a buy to let mortgage. In today's guide, the Revolution Brokers team explains how you can become a ren..
Buying a home for the first time is a massive step - but the deposit is often a stumbling block for first-time buyers. It can take years to save a sufficient amount or be impossible, so there are several ways to approach the problem and get your foot onto the property ladder. From April 2021, the UK government launched the new mortg..
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The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.
Revolution Brokers understands that mortgages can be complex and confusing!
Ask us any question you might have, and one of our skilled consultants will come back to you as quickly as possible.
