Whether you're looking to buy your first commercial property to escape from the tyranny of landlords over rates and tenancy conditions, or re-mortgaging to get better rates or release equity MoneyMaxim can help.
will benefit from any increase in the property's value
have a capital asset
will be in control of any running maintenance and repairs
can use the building how you want to (within planning regulations)
have security of tenure
don't have to worry about upwards only rent reviews
won't be forced into expensive relocation when the lease ends
What about drawbacks?
Downsides can include:
you are fully responsible for the upkeep and insurance of the building
the building could depreciate in value
reduced flexibility, you are tied to the building until you sell potentially making business expansion (or contraction) harder to manage
some of your capital will be tied up in the building
failure to maintain repayments on the mortgage could result in the repossession of the building
Next Step?
The MoneyMaxim team has members with decades of experience dealing with commercial mortgages so please ask us for a quote using the button above and we will be in touch with you as soon as possible.