A commercial mortgage is a specialised commercial loan in which the lender has a legal claim over the property until the loan has fully been repaid. Commercial Mortgages are loans that are secured on commercial property for business use. You may need to take out a commercial mortgage to buy premises to start or expand your business, or if you are buying a business that is directly linked to property, eg a hotel or retail outlet. A commercial mortgage is definied in wikipedia as 'a loan made using real estate as collateral to secure payment'.
The mortgage market has never been so competitive. Never before has there been such a bewildering range of mortgage products available to you. As we neither represent a particular Bank or Building Society we can use a wide range of lenders products, finding the one that is specifically right for your needs. Contact your local Devon Mortgage Broker at Eclipse Financial Solutions for mortgage advise in Devon.