Commercial Mortgages & Buy-To-Let
Secure funding for property purchases or refinance existing deals on better terms.
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We identify the right lenders based on your business, property and goals.
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You review your options and proceed with the most suitable offer.
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Repay over an agreed term, with the flexibility to refinance when beneficial.
Speak to NorthFunding for property finance advice, and who best to approach.
Commercial Mortgages
Commercial mortgages (either owner occupied or for investment properties) enable you to purchase a property for your business, such as an office, factory, warehouse, or retail store.
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Typical funding amounts?
£50,000 - £10,000,000
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Repayments & Fees?
​Loan-To-Value (LTV) ratios affect interest rates, so the higher % you borrow against the value of a property, the higher the interest rate will be. Typically, the maximum LTV is 80%, so you'll need a deposit of at least 20%.
You'll have an initial APR offer for a set period, then interest rates increase - but at this point you can change provider for a new deal, with a new initial APR offer.
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Eligibility?
​Lenders have different criteria, but your eligibility usually depends on your business' ability to repay the mortgage. Affordability is reviewed against EBITDA for owner occupied mortgages, or net operating income (rent payments) for investment properties, to determine the Debt Service Cover (DSC).
Buy-to-Let Mortgages (BTL)
BTL mortgages enable you to purchase a property that can be used for residential rental properties.
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Typical funding amounts?
£50,000 - £10M
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Repayments & Fees?
​Loan-To-Value (LTV) ratios affect interest rates, so the higher % you borrow against the value of a property, the higher the interest rate will be. Typically, the maximum LTV for BTL mortgages is 75%, so you'll need deposit of at least 25%.
You'll have an initial APR offer for a set period, then interest rates increase - but at this point you can change provider for a new deal, with a new initial APR offer.
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Eligibility?
​Lenders have different criteria, but your eligibility usually depends on your business' ability to repay the mortgage. Affordability is reviewed against net operating income (rent payments) for investment properties, to determine the Debt Service Cover (DSC).