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Commercial property

Commercial property mortgages.

  • For purchases & remortgages
  • Flexible on income & credit status
  • On a huge range of property types

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Why choose Together?

Mortgage key facts
  • 9.49%

    Variable rates from 9.49%/month
  • £250,000

    Borrow from £50k to £250k
  • 5 to 30 years

    Terms available from 5 to 30 years
  • Interest-only

    Interest-only repayment options available
  • 65% LTV

    Borrow up to 65% of the property's value
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Start-ups, old hands, lend us your ears

Eventually, every successful business outgrows its space – whether that’s a home office, or a headquarters. So when it’s time to secure new premises, we can help.

Because we look at your individual situation, not just your credit score, and get to know the bigger picture. That's common sense.

We understand entrepreneurs, because we’re entrepreneurs. And that the path to success doesn’t always run smooth. So we cater to a wide range of circumstances, and business ownership structures – even if you've only been trading for 12 months.

Our flexible approach means we can consider lending against commercial property of a huge range of constructions, types and uses.

Talk to us whether the property is:

  • A retail unit.
  • A factory or warehouse.
  • An office.

Other premises such as restaurants, takeaways, hotels, day centres, leisure facilities and farms are also considered on merits.

Common questions about business mortgages

Can't find the answer to your question below? Please visit our help section.

What is a commercial mortgage?

Commercial mortgages operate much like a personal mortgage, but are mainly used by business owners who are looking to buy commercial property or land for commercial use.

Can I buy a commercial property without a deposit?

With Together, you could borrow 100% of the value of your commercial property if you’ve got enough equity in another building to use as additional security.

Can I get a commercial mortgage on a residential property?

You can get a commercial mortgage on a property where 60% of the space has a commercial use. So if you’re buying a shop with a flat above it, or a B&B you plan to run and live in, you can apply for a semi-commercial mortgage.

Can I get a commercial mortgage on land?

Yes – we can lend on land for a range of commercial purposes, with or without planning permission.

How do you decide my interest rate?

The rate you're offered may be influenced by two factors:

  • How much you need to borrow as a percentage of your property's value.

  • Your credit history (but not your credit score).

How long does it take to arrange a commercial mortgage?

It typically takes several weeks to arrange a commercial mortgage. If you can't wait that long, we may discuss alternative options with you, such as a commercial bridging loan. In some circumstances, we can arrange these in a matter of days and they'll last up to 12 months – giving you the time you need to arrange longer-term finance.

What fees will I have to pay?

We charge an Arrangement Fee, and – if you come to us direct – a Processing Fee.

Our Commercial mortgages and loans include an Early Repayment Charge, which you'll pay if you elect to remortgage with another lender or repay your mortgage in full before the term ends.

We also charge a Redemption Administration Fee when you 'redeem' (i.e. full repay) your mortgage, to cover costs associated with closing your account and dispensing our legal claim to your property.

Our fees are typically charges as a percentage of the loan, so can vary. We'll ensure that the fees that apply to your particular mortgage are clearly explained before you sign on the dotted line.

Other fees and charges may be applied to your account during the life of your mortgage, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.

How much can I borrow, and how much deposit or equity will I need?

At most, we can lend you 65% of your commercial property's value. So you will need at least 35% as a deposit, or as equity. The maximum loan-to-value ratio we can offer may be reduced based on the nature of the property, the transaction (i.e. whether you're buying or just remortgaging), and your personal circumstances.

It's important to note that the property in question must be valued at a minimum of £50,000.

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Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
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Part of how we assess each applicant is based on these details, so without them we can’t discuss what we could offer you. Once you have these details, pop back and we’ll set up an appointment.

In the meantime, you can find out more about our application process or see our FAQs for other handy info.