Loading
033 3305 3298Contact us

Commercial mortgages

Helping businesses buy, refinance or release equity from owner-occupied commercial property with confidence.

Products and services are subject to eligibility, status, terms and conditions and availability. All lending is subject to status and our lending criteria. The right to decline any application is reserved.

What is a commercial mortgage?


A commercial mortgage is long-term finance that allows established businesses to own, or acquire, the premises from which they trade. This includes offices, warehouses and industrial premises that play a central role in day-to-day operations. For businesses in England, Scotland and Wales, a commercial mortgage can provide stability and predictable repayments, supporting long-term plans with the reassurance of a trusted funding partner.


Complete our enquiry form >

Why should I get a commercial property mortgage with Close Brothers?

Bespoke commercial property loans

Relationship-led commercial property lending with direct decision-making from an established UK lender. Our specialist expertise supports tailored solutions, shaped around each business rather than a one-size-fits-all approach.

Typically, up to 70% loan-to-value (LTV)

Loan-to-value (LTV) typically up to 70%, although in some instances we may be able to offer a maximum of 75% LTV. This supports prudent borrowing while enabling businesses to unlock value within their property.

Borrow between £500k-£5m

Borrow £500,000 to £5 million for owner-occupied commercial property, whether purchasing or refinancing. Flexible loan sizes designed to suit established businesses at different stages of growth and investment.

Start your enquiry today

Get in touch

See how much you could borrow with our commercial mortgage calculator


Use our commercial mortgage calculator to explore how much you could borrow and choose a repayment term that suits your needs, helping you understand potential monthly repayments and assess affordability.

£
£
10 years
7%

Mortgage amount

£700,000

Monthly cost

£8,128

Speak to an expert

This calculator is for illustrative purposes only and shows ongoing monthly costs. Other costs are associated with the product, including 1.5% fee payable on drawdown of the facility, legal and valuation costs.

For a personalised quote, or to discuss requirements outside our usual lending parameters, please contact us and one of our experts will be happy to help.

How do I apply for a commercial mortgage?

Fill out our short online form


Complete our short online form to provide a few essential details about your business and property, giving us a clear starting point ahead of a more informed initial conversation.


Speak with our expert team


Speak with our expert team to discuss your business, understand your priorities and explore how tailored commercial property funding could support your plans.


Receive a tailor-made offer


Receive a tailored offer reflecting your business, property and funding requirements, shaped through direct decision-making and expertise, providing clarity on structure, terms and repayments before you move forward with confidence.

Frequently asked questions

What is the difference between a commercial mortgage and a residential mortgage?

Commercial mortgages finance business properties, while residential mortgages cover homes for living in. Commercial mortgages are assessed on business performance and typically involve different terms, structures and lending considerations.

Can I use a commercial mortgage to buy an investment property?

No. Commercial mortgages are designed for owner-occupied business premises where the borrower operates from the property.

What is the average interest rate on a commercial mortgage?

Interest rates are typically 2.99%–3.75% above the Bank of England base rate. A 1.5% arrangement fee is payable, and borrowers are also responsible for their own legal and valuation costs.

How much deposit do I need for a commercial mortgage?

Typically, you’ll need a deposit of around 30% of the property’s value, although in some instances it may be as little as 25%. The exact amount can vary depending on factors such as the property, the strength of the business and overall affordability.

Can I get a commercial mortgage for a new business?

Ideally, we look for at least two years’ trading history, but newer businesses may be considered depending on the circumstances.

How long can I have a commercial mortgage for?

Commercial mortgages are committed for 5 years, with an amortisation profile of up to 25 years. At the end of the 5 year commitment period, the outstanding mortgage balance would need repaying or refinancing.

  • What is the difference between a commercial mortgage and a residential mortgage?

    Commercial mortgages finance business properties, while residential mortgages cover homes for living in. Commercial mortgages are assessed on business performance and typically involve different terms, structures and lending considerations.

  • Can I use a commercial mortgage to buy an investment property?

    No. Commercial mortgages are designed for owner-occupied business premises where the borrower operates from the property.

  • What is the average interest rate on a commercial mortgage?

    Interest rates are typically 2.99%–3.75% above the Bank of England base rate. A 1.5% arrangement fee is payable, and borrowers are also responsible for their own legal and valuation costs.

  • How much deposit do I need for a commercial mortgage?

    Typically, you’ll need a deposit of around 30% of the property’s value, although in some instances it may be as little as 25%. The exact amount can vary depending on factors such as the property, the strength of the business and overall affordability.

  • Can I get a commercial mortgage for a new business?

    Ideally, we look for at least two years’ trading history, but newer businesses may be considered depending on the circumstances.

  • How long can I have a commercial mortgage for?

    Commercial mortgages are committed for 5 years, with an amortisation profile of up to 25 years. At the end of the 5 year commitment period, the outstanding mortgage balance would need repaying or refinancing.

Loading
Commercial Mortgages | Close Brothers Asset Finance