Frequently business owners wish to have the house which they operate their business from or have a chance to obtain a trading company having a freehold. This is a primary action of these companies into having property that is commercial. Peter Barnes, Consultant large financial company, talks through the basic principles of commercial mortgages for owner occupiers and provides an understanding of just how to secure the finance that is right your company.
What exactly is a commercial owner occupier?
A commercial owner occupier is in which the person operating the business enterprise has the building and runs their trading business using this premises.
There are lots of circumstances the place where a commercial owner occupier might need finance:
- Your client might be investing in a вЂtrading businessвЂ™ and a freehold when it comes to very first time.
- The customer could be purchasing freehold that is new because of their current company to operate from,
- Your client might be expanding their company kingdom by buying property that is new a team, or,
- The customer might be re-mortgaging their property that is commercial from current loan provider.