Commercial Mortgages FAQ

What type of client should I consider for a commercial loan?

There are many different types of client who may consider a commercial loan, and the following are just some examples:

• Business owners who want to take cash out of their property, or to redevelop existing premises
• Sole Traders without sufficient credit history
• Entrepreneurs and self-employed people who want to purchase a site for their business
• Farm owners who need to secure finance against their farm for redevelopment

Does all income need to be verified?

No. We have a wide range of self-certification commercial products available.

I have heard that Commercial Loans can be problematic, and are difficult to get to completion. What can you do to help?

We realise that many residential mortgage brokers will have limited experience in dealing with commercial mortgages, and we provide a comprehensive service to both the broker and the client. We can visit the client and/or broker at any time during the application process to help with any queries or problems that you might have, and to speed up the case.

I don’t have any commercial clients, but I am interested in exploring and developing this area. Can you help?

We have access to a wide range of marketing and promotional materials that can help you to develop this market. All it takes is a phone call, and our Business Development Manager will call on you to assist you to tap into this market.

What level of commission can I earn?

As with all types of mortgage, levels of commission will vary from case to case, but on average, a broker could expect to earn around £2,000 per case. However, the nature and value of commercial propositions means that this is often much more.