work

Back To knowledge base

COMMERCIAL MORTAGAGE

A Commercial Mortgage.

A Commercial Mortgage works similarly to that of a traditional residential mortgage with the main difference being that the value of the property or land is much larger. A Commercial Mortgage will typically result in the lender paying around 70% of the total property value. 

How To Quailfy For A Commercial Mortgage.

Opening a Business Bank Account can be completed in a few simple steps:

PROOF OF IDENTITY - This will typically be needed in two forms. One to confirm your identity and another to confirm your address.

COMPANY REGISTRATION - This will typically be the Companies House registration number you received when first forming the company.

ESTIMATED TURNOVER - This is just simply how much your business is expecting to sell within a certain time period.