What if you had the funding structure in place that allowed you to focus on running your business and delivering your strategic goals?
We are a credit broker not a lender. Ideate Finance Limited, registered at Unit 14/15 Hall Farm Sywell Aerodrome, Sywell, Northamptonshire, England, NN6 0BN. Company Register number is 12300549. ICO registration number is ZB505080 which can be checked via www.ico.org.uk.
Ideate Finance Limited is an Appointed Representative of Empire Finance Limited, registration number 08676224. Empire Finance Limited is authorised and regulated by the Financial Conduct Authority under FCA registration number 734215. You can check via www.register.fca.org. Registered ICO number, ZA019603 and you can check via www.ico.org.uk.
We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Extensive experience of arranging and managing our clients’ loans has given us a unique insight into how lenders approach providing and structuring facilities. Strong track record of supporting management teams and property investors to help them achieve their business ambitions.
Chris has worked with SME’s and Corporates for 25 years, in which time he has supported their working capital needs, helped them complete MBO’s, finance the restructure and turnaround of their business, acquire commercial property and help commercial and residential landlords expand their portfolio.
We will guide you through the whole process, from beginning to completion.
A commercial mortgage is the finance you will need if you’re aiming to buy or refinance a property that is used for business purposes.
There is a marked difference between commercial mortgages offered by high street banks and the specialist commercial mortgage lenders in terms of their interest rate pricing, the term and their lending criteria. Ideate Finance can help you shop around to compare not just the rate but the whole deal. Other factors such as speed and likelihood of acceptance can be important for some businesses, working with an expert can help save you time and money.
You may find yourself needing a commercial mortgage if you are a business owner that wants to own and occupy your office or business premises. Commercial mortgages are also used by property investors that purchase and let out commercial property.
The main benefit of being an owner-occupier of a commercial space rather than a tenant is owning an asset that aims to appreciate over time rather than paying similar monthly rent payments that contribute nothing to your net worth. It leaves you in control of your space, taking away the worry of eviction, unwanted changes or rent hikes.
Property investors will purchase commercial property with the intention of leasing it to business owners whilst hopefully sitting on an appreciating asset.
Rather than buy a commercial property using cash, an investor is likely to apply for a commercial mortgage to fund the purchase or to refinance a premises they already own.
The investor may find ways to increase the rental yield as well as the value of the site by changing the use to better reflect the demand in the area. For example, a high street building used solely for retail may be adapted and converted to allow for residential dwellings that can be sold or rented out.
A commercial mortgage can be used to finance any premises that generates an income for a business or investor. Most commonly we see applications for office buildings, shops, pubs, care homes, industrial units and restaurants.
Typically the mortgage term for a commercial property is shorter than a residential mortgage.
When applying for a commercial mortgage you can expect to provide trading business accounts, up to date bank statements to demonstrate the current trading position of your business. You may be asked to provide a personal guarantee for some or all of the debt.
This will vary from lender to lender based on their criteria. The amount you can borrow will be decided following an assessment of you and your business’ financial circumstances. Lenders need to know that the business is profitable enough to be able to service mortgage and interest payments over a period of many years.
Lenders will look at varying elements of your situation to calculate commercial mortgages rates. The lower the LTV (Loan-to-Value) you require, the lower the rate will usually be.
Yes, most of the time. Commercial mortgages require you to provide a higher deposit than with a residential mortgage, typically between 25% and 40%
If you’re looking to purchase or refinance a mixed-use property, you’ll need a semi-commercial mortgage. By mixed-use, we mean a property that is made up of a combination of commercial and residential. For example, a retail shop with a flat above, or a Bed and Breakfast.
A mortgage secured against the premises you run your business from. Some lenders will only want to lend a commercial mortgage to owner occupiers. So, if you own the commercial premises but let it to another business we can help you negotiate for the best commercial mortgage from the lenders that are happy to work with commercial investment mortgages.
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Rutland and Northamptom
