The property market has been an exceedingly difficult one to judge this year, with surveyors being very cautious at the...
This will depend on the type of commercial property that you are looking to purchase, and whether it is for your business to occupy or if you intend to lease the property to a suitable tenant.
If the property is for your own use you are generally able to find a mortgage between 70-75% loan-to-value (LTV), provided you can find the deposit from your own resources. You will be subject to a rigorous affordability assessment too, which means the amount you can borrow will be dictated by the deposit amount you are able to provide upfront and in addition to satisfying the affordability criteria.
It’s a little different when it comes to a commercial investment mortgage. Here, the amount you will be able to borrow will depend on the expected rental income generated by the investment, but even so the mortgage typically won’t be able to exceed 70% of the initial purchase price. In some cases, you may be able to find a lender who will accept a lower deposit, but you’ll be required to provide significant collateral to back this up.