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What is a commercial mortgage?
A commercial mortgage is long-term finance that allows established businesses to buy or refinance owner-occupied commercial property. This includes offices, warehouses and industrial premises that play a central role in day-to-day operations. For businesses in England, Scotland and Wales, a commercial mortgage can provide stability and predictable repayments, supporting long-term plans with the reassurance of a trusted funding partner.
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Why should I get a commercial property mortgage with Close Brothers?
Bespoke commercial property loans
Up to 70% loan-to-value (LTV)
Borrow between £500k-£5m
Start your enquiry today
Get in touchSee how much you could borrow with our commercial mortgage calculator
Use our commercial mortgage calculator to explore how much you could borrow and choose a repayment term that suits your needs, helping you understand potential monthly repayments and assess affordability.
£ .00
£ .00
10 years
5%
Mortgage value
£350,000.00
Monthly cost
£3,712.29/pm
This calculator is for illustrative purposes only. Please contact us to discuss your individual requirements in order to receive a personalised quote.
How do I apply for a commercial mortgage?
Fill out our short online form
Complete our short online form to provide a few essential details about your business and property, giving us a clear starting point ahead of a more informed initial conversation.
Speak with our expert team
Speak with our expert team to discuss your business, understand your priorities and explore how tailored commercial property funding could support your plans.
Receive a tailor-made offer
Receive a tailored offer reflecting your business, property and funding requirements, shaped through direct decision-making and expertise, providing clarity on structure, terms and repayments before you move forward with confidence.
Frequently asked questions
What is the average interest rate on a commercial mortgage?
Interest rates are typically 3–4% above the Bank of England base rate. A 1.5% arrangement fee is payable, and borrowers are also responsible for their own legal and valuation costs.
How much deposit do I need for a commercial mortgage?
Typically, you’ll need a deposit of around 30% of the property’s value. The exact amount can vary depending on factors such as the property, the strength of the business and overall affordability.
Can I get a commercial mortgage for a new business?
Yes, it’s possible for a new business to secure a commercial mortgage. Applications are typically assessed on factors such as the strength of the business plan, personal experience, deposit size and overall affordability, rather than trading history alone.
What is the difference between a commercial mortgage and a business loan?
A commercial mortgage is secured specifically against property used by a business and is typically repaid over a longer term. A business loan is more flexible, shorter-term finance that isn’t usually tied to property and can be used for a wider range of business needs.
How long can I have a commercial mortgage for?
Commercial mortgages are typically arranged over longer periods, often up to 20 years. The exact term depends on factors such as the property, affordability and business circumstances.
What is the difference between a commercial mortgage and a residential mortgage?
Commercial mortgages finance business properties, while residential mortgages cover homes for living in. Commercial mortgages are assessed on business performance and typically involve different terms, structures and lending considerations.
What is the average interest rate on a commercial mortgage? Interest rates are typically 3–4% above the Bank of England base rate. A 1.5% arrangement fee is payable, and borrowers are also responsible for their own legal and valuation costs.
How much deposit do I need for a commercial mortgage? Typically, you’ll need a deposit of around 30% of the property’s value. The exact amount can vary depending on factors such as the property, the strength of the business and overall affordability.
Can I get a commercial mortgage for a new business? Yes, it’s possible for a new business to secure a commercial mortgage. Applications are typically assessed on factors such as the strength of the business plan, personal experience, deposit size and overall affordability, rather than trading history alone.
What is the difference between a commercial mortgage and a business loan? A commercial mortgage is secured specifically against property used by a business and is typically repaid over a longer term. A business loan is more flexible, shorter-term finance that isn’t usually tied to property and can be used for a wider range of business needs.
How long can I have a commercial mortgage for? Commercial mortgages are typically arranged over longer periods, often up to 20 years. The exact term depends on factors such as the property, affordability and business circumstances.
What is the difference between a commercial mortgage and a residential mortgage? Commercial mortgages finance business properties, while residential mortgages cover homes for living in. Commercial mortgages are assessed on business performance and typically involve different terms, structures and lending considerations.
