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Frequently asked commercial mortgage questions

What are the monthly payments for commercial mortgages?

The commercial mortgage calculator on this website is there for you to use as much as you want, for both repayment and interest only.

You can also call us to speak to an advisor for a free no obligation quote.

How much of a deposit would be required?

A deposit of 25% is usually the minimum required. If the property is going to be occupied by you, it might be possible to get LTV of 80%

The more money you can invest means you can access better rates, as borrowing with the highest Loan To Value (LTV) means you can only access the highest rates.

How do I get a commercial mortgage?

Contact us for a free, no obligation quote and chat with an advisor. We can access the whole of the commercial mortgage market to find the best deal for you. Should you wish to proceed, we can provide written details within a couple of hours.

Could I still get a Commercial Mortgage if I’ve already had an application declined elsewhere?

We can access products from many lenders, some of which have more flexibility in their acceptable criteria than the High Street Banks. If you have been declined we may still be able to help. Give us a call for a free, no obligation quote and a chat to find out if we can help you.

What can I use a commercial re-mortgage for?

Commercial re-mortgages could be used to move, expand or improve your business. They could also be used to consolidate more expensive borrowing or give a working capital cash injection.

What is a semi-commercial mortgage?

A mortgage to purchase or re-mortgage properties that have both a residential and a commercial function e.g. a shop with residential accommodation combined.

Can a commercial mortgage be used as an exit to repay a bridging loan?

Yes, if the planned exit is to refinance, then a commercial mortgage could be an option for you if it is a commercial property that requires finance.

Bridging loans are often used to fund purchases when a building is not in a mortgageable state, or if there is not enough time to arrange a commercial mortgage and the deal is just too good to miss for any reason (an auction purchase, for example). Once the building is in a mortgageable condition, you can then refinance and repay the bridging loan.

Bridging loans are short term finance solutions and can be a good stepping-stone, however considerable financial savings can be had if you can skip the initial bridging loan and go straight to the commercial mortgage.

What is a commercial mortgage?

Commercial mortgages are loans to purchase or refinance commercial property. Like typical residential mortgages, the loan is secured against the asset.

Do I have to pay any fees?

There are no upfront application fees to pay with KIS Finance, and these are the fees you would likely need to pay:

  • Lender’s arrangement fee – usually around 1.5% of the loan amount
  • Broker fee – we do not charge broker fees for any commercial mortgages arranged by ourselves
  • Valuation fee – the cost will depend on the size and value of the property
  • Legal fees – vary from case to case

Can I get a commercial mortgage to buy a property and start my own business?

If you have a higher deposit of around 50% of the purchase price then this is possible. The higher deposit is needed because you won’t have any trading history to demonstrate your ability to repay the mortgage, so the risk of lending is higher.