Should You Only Use Your Bank For A Commercial Mortgage?
If you are the owner of a business and looking to arrange a commercial mortgage, perhaps to buy new company premises or carry out improvements to your existing industrial unit, then your initial reaction may be to make an appointment with the business manager of the major high street bank or building society where your company maintains their current account. That is often the route that many company directors go down to source business finance and could prove to be the best thing to do.
However, that may not always be the best option because there are a few other lenders that provide commercial mortgages so it may be worth making some enquiries to try to source a better deal than your bank is offering. Having said that, it may be that your existing bank are offering the most attractive lending package but it costs you nothing to find out.
There are a variety of specialist commercial mortgage lenders that offer competitive packages and it is even possible to arrange a commercial mortgage through a peer to peer lender. The later source of commercial finance has grown in popularity over the past year or two.
As the owner of a business, you are undoubtedly very busy dealing with the day to day running of it so you may feel that you are reluctant to set aside the time that is required to try to source a competitive commercial mortgage. Believe us, you will not be alone in feeling this way.
Well, you will be pleased to read that here at Commercial Mortgage Link, we are able to introduce you to a specialist broker who has access to an extensive panel of lenders that includes many of the high street banks and building societies as well as specialist commercial lenders. You can be assured that your enquiry will be dealt with promptly, efficiently and in a professional manner.