Debbie J Boyes - Professional Mortgage Advisors   
 
Independent Mortgage Advisors

Commercial and Semi-Commercial Mortgages

WHAT IS A COMMERCIAL MORTGAGE?

A commercial mortgage is long term finance secured by a first legal charge over commercial or business property. Typically this can include a wide variety of property including:

  • retail units
  • industrial units, factories, offices, warehouses, lock-up and workshop units
  • hotels, guesthouses, public houses, bars, restaurants
  • farms, equestrian centres, riding schools

    WHAT IS A SEMI-COMMERCIAL MORTGAGE?

    A semi-commercial mortgage is again long term finance secured by a first legal charge over property that has a mix of business and residential use. Typically this will include properties such as:

  • retail units with living accommodation above
  • bed & breakfast
  • catteries and kennels located within the grounds of a house

    Your property may be repossessed if you do not keep up repayments on your mortgage.

    For residential and buy to let mortgages we charge a fee of £595 in addition to commission which may be paid by the lender. Alternatively we can work on a pure fee basis of 1% of the loan amount for our services and we will refund to you any commission we receive from the lender, subject to a minimum fee of £1500. For example, if your mortgage were for £100,000 the fee would be £1500 and you would receive back any commission we receive from the lender which is usually in the region of 0.35%. This fee is payable on in 2 stages: £95 on application for your mortgage with the balance payable on completion. For commercial mortgages we usually charge a fee of 1% of the loan amount subject to the complexity of the proposition and the loan amount.

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    Contact Details

    Debbie J Boyes,
    Professional Mortgage Advisors,
    408 Wimborne Road East
    Ferndown, Dorset BH22 9ND

    Tel 01202 874100
    Fax 01202 874101

    Email:
    mortgages@djboyes.co.uk

    Commercial Finance Broker

    National
    Member of the the National Association of Commercial Finance Brokers
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