They can also be used to obtain trading businesses, agricultural land and mixed use buildings.
Improvements in the economy have in recent years coincided with the expansion of a significant number of start-up businesses and established companies. This has led to a new willingness to lend from traditional commercial lenders and the entry of challenger banks.
Government has recently made amendments to its previously flat rate system of commercial Stamp Duty. Its new graduated system is now set to make this sector even more popular.
Trinity can help
Trinity specialises in arranging commercial mortgages for individual clients and their companies. It is possible to fund the purchase of a new building or to refinance your existing one.
A large selection of lenders specialise in offering commercial mortgages and Trinity is expert in arranging larger loans typically over a five to 30-year term.
Mortgages include for the following:
- Commercial investment properties
- Hotels and shopping centres
- Blocks of flats
- Restaurants, nightclubs and retail properties
- Dentist and doctors' surgeries
- Opticians and pharmacies
- Medical and veterinary practices
- Equestrian centres