Commercial mortgage uk
Commercial mortgages are mortgages for your business (commercial) property. A good example would be a shop on the high street.
So what the difference between and personnel mortgage and a mortgage commercial.
Will quite a lot…
The essentials are the same bar the fact that the company's books are assessed instead of a singular (couple/group of people). Also that the company is/can be responsible for the repayments allowing the company owner(s) not to be responsible for any of these repayments etc..
Rates will be similar but will be so dependant on the type of business, the age of the business and the risk level of this business... As commercial mortgages are so variable I can only suggest that you contact a bank direct about these types of borrowing's.
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