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Commercial mortgages

Helping you buy, refinance or invest in 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 buy or refinance owner-occupied commercial property. 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.


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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.

Up to 70% loan-to-value (LTV)

Loan-to-value (LTV) typically up to 70%, offering a considered balance between risk and opportunity. 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.

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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
5%

Mortgage amount

£350,000

Monthly cost

£3,712

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This calculator is for illustrative purposes only. Please contact us to discuss your individual requirements in order to receive a personalised quote.

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.

How long can I have a commercial mortgage for?

Commercial mortgages are typically arranged over longer periods, often up to 20 years. The exact term depends on factors such as the property, affordability and business circumstances.

What is the difference between a commercial mortgage and a business loan?

A commercial mortgage is secured specifically against property used by a business and is typically repaid over a longer term. A business loan is more flexible, shorter-term finance that isn’t usually tied to property and can be used for a wider range of business needs.

Can I get a commercial mortgage for a new business?

Yes, it’s possible for a new business to secure a commercial mortgage. Applications are typically assessed on factors such as the strength of the business plan, personal experience, deposit size and overall affordability, rather than trading history alone.

How much deposit do I need for a commercial mortgage?

Typically, you’ll need a deposit of around 30% of the property’s value. The exact amount can vary depending on factors such as the property, the strength of the business and overall affordability.

What is the average interest rate on a commercial mortgage?

Interest rates are typically 3–4% 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.

  • 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.

  • How long can I have a commercial mortgage for?

    Commercial mortgages are typically arranged over longer periods, often up to 20 years. The exact term depends on factors such as the property, affordability and business circumstances.

  • What is the difference between a commercial mortgage and a business loan?

    A commercial mortgage is secured specifically against property used by a business and is typically repaid over a longer term. A business loan is more flexible, shorter-term finance that isn’t usually tied to property and can be used for a wider range of business needs.

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

    Yes, it’s possible for a new business to secure a commercial mortgage. Applications are typically assessed on factors such as the strength of the business plan, personal experience, deposit size and overall affordability, rather than trading history alone.

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

    Typically, you’ll need a deposit of around 30% of the property’s value. The exact amount can vary depending on factors such as the property, the strength of the business and overall affordability.

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

    Interest rates are typically 3–4% 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.

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Commercial Mortgages | Close Brothers Asset Finance