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Commercial Property Loans Are The Friends Of Your Business
By amenda dorothy
Dated: Aug 05, 2008
Commercial Property loans are the specific loans for the purchase of commercial property. These loans do
not have any limit for the maximum loan amount and charge a lower rate of interest.
People interested to buy property, extend or develop own business premises for owner occupation can
easily materialise their dreams with the help of specific loan plans available in the UK loan market. The UK
loan market offers flexible, tailored loan plans to structure your commercial mortgage loan finance
according to your needs. These are specific to the purchase of commercial property only with scores of
borrower friendly features.
The borrower can select a mortgage repayment period between 2 and 30 years while taking these loans.
They are secured in nature and the loan applicant can borrow up to 75% of the purchase price or
professional valuation, whichever is the lower.
The minimum loan amount is £25,001, and there is no maximum as the real estate price fluctuates on daily
basis. According to your personal and financial condition, you can select a fixed or variable rate mortgage.
You can also choose to pay mortgage interest either monthly or quarterly.
You can choose to take capital repayment holidays for all, or part of the first 24 months while the
repayment of Commercial Property loans is continuing. There is also option to defer up to two commercial
mortgage loan repayments in any year. Protection against interest rate rises for loans of over £250,000 is
associated with these loans. The most beneficial things are these loans are easy and straightforward to
arrange. A quick response to your lending requirements is given by the lender as there is stiff competition
in the UK loan market.
The Commercial Property loans can finance the property you are looking to fund is office, retail,
warehouse or industrial premises. You can also avail these loans for the purpose of l