Commercial Buy to Let Mortgage

[The Soup Dragon]

Can anyone recommend a good lender for a commercial buy to let mortgage for an individual to purchase an industrial unit to let to a ltd company?

 

[tony84]

Probably better with a broker (im not touting here as I dont do commercial) as a lot of deals will probably only be available via brokers.

 

[KAC]

We used to use ASC Finance for Business. They are effectively franchises and the offices are independently owned and operated. Worth a try if you have one near you.

 

[WaveJumper]

Speak to your tax advisor and explore if you can do this through your pension

 

[Talay]

Then go to your bank and see what they offer.

Get a starting point, something sensible, then shop around.

No need to go to esoteric potential lenders when the main players already know more about your business than anyone else.

Rule of thumb, 25% to 30% down, rental income should cover repayments and easier to sell the deal if your company is the one leasing the property.

They also don't care what name you do it in.

 

[lesliedocherty]

We used to use ASC Finance for Business. They are effectively franchises and the offices are independently owned and operated. Worth a try if you have one near you.

We spoke to our local ASC person last year regarding a similar matter, was a good chat and very helpful, well worth a call