Commercial Mortgage

Commercial mortgages generally take over where business loans finish. Business loans up to €25,000 are unsecured, but for larger amounts lenders need security in order to reduce the risk to themselves. Because of the legal and administrative costs of taking security on commercial property it is considered uneconomic to borrow under €50,000 this way, and some lenders have a minimum of €75,000 or more.

The rates charged for commercial mortgages and business loans are not pre-determined like personal loans usually are. In each and every case when an application is made for a commercial mortgage a lending manager looks at it carefully to assess the risk level in making the proposed loan

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Retail Mortgage Opportunities

  1. How can we help?

    It makes sense to use a specialist commercial broker who has the contacts and market knowledge to get you the best deal. The broker has to present your case to the lenders, so you must be truthful and fully co-operative in your dealings with your broker. Do not try to use several brokers simultaneously, you will be embarrassed and may end up empty handed. Brokers who are members of the NACFB can be relied upon to have Professional Indemnity insurance and to abide by a code of practice.

  2. What you need to know.

    Generally lenders take the property you are buying as the only security for the loan, which is typically 60-70% of the value of the property, and ask for a cash deposit for the balance of the purchase price. If you don't have the cash you can offer the lender additional security, which is typically other property which you have considerable equity in. This all may seem confusing and a bit overwhelming, but we’re here to explain your options in a clear and understandable way.

  3. Online Quote Now.

    Why not complete our online enquiry form and speak to one of our experienced mortgage advisors who will contact you at a time convenient to you. We will then put you on the path to successfully securing your new commercial property.