Small-Business Mortgage

If you run a small business, or intend to start up a new business, a business loan may be needed to fund expansion, or buy equipment. One of the best options available at present is to raise money through a commercial mortgage or remortgage. Interest rates are at their lowest for almost forty years and this makes a commercial mortgage a cost-effective way of raising finance.

Whether you’re interested in a loan to fund business growth, wish to consolidate all loans into one manageable payment, or are looking to remortgage to a better deal, the More Group can help you. We work with a panel of mortgage lenders so we can offer you a wide selection of mortgages and remortgages best suited to your needs.

How can a commercial mortgage help me?

A commercial mortgage is the same as any other mortgage, except that it is designed to fund business activities. It can be used in a number of ways, such as buying new office space, raising finance to pay for business development, or restructuring business debt into one loan, so long as it’s used for a commercial purpose.

A commercial mortgage should also be considered if you want to raise large sums of money, as you can borrow more than you can on a standard loan and the rate of interest will be lower, resulting in lower monthly repayments.

How can a commercial remortgage help?

If you already have a commercial mortgage, the More Group can help you find a better value remortgage product by using its panel of mortgage providers. A remortgage enables you to do a number of things:

• Secure new business finance at a rate of interest that is better than a standard unsecured loan
• Reduce your monthly mortgage repayments by getting a better rate of interest
• Consolidate existing loans into one manageable monthly payment

Releasing some Equity

If your property has a market value greater than the outstanding loan, you may be able to remortgage and release cash (known as equity) that you can use in whatever way you want to help your business. In effect this means that you draw down on the investment you’ve already built up in your property and you can do this and reduce mortgage repayments too! The More Group can advise you on the most suitable remortgage for your circumstances.

For more information on how you can use a commercial mortgage to solve your business loan problems, go to Commercial mortgages explained for a full explanation.