Business mortgages are designed to help you:-
- purchase a premises
- raise capital
- refinance
- Business mortgage repayment is likely to be similar to a rental payment on the same property.
- You can avoid hefty rent increases.
- You may be able to sub-let any free space that you might have, however, you will almost certainly require permission from your mortgage lender to do so.
- Interest payments on a business mortgage are tax-deductible.
- Any gain in value of the property will increase your capital.
- If you own premises it's far harder to relocate your business, extracting yourself from a rental agreement is much easier than selling premises or finding a new tenant to take them over
- You are exposed to increase in interest rates.
- Owning a property means you will be responsible for factors such as maintenance, fixtures and fittings, decoration and security.
- Any loss on the value of the property will decrease your capital.

- audited accounts for the last two years
- indication of current performance
- a profit and loss forecast for the next year
- business bank statements for the previous six months
- profiles of each partner or director in your business
- asset and liability statements for each applicant
There are various repayment methods available for business mortgage. With a repayment mortgage each month you repay a portion of the loan and the accrued interest. An interest-only mortgage means only the interest is paid off with each monthly payment. An endowment mortgage provides life assurance cover and a fixed payment for investment.
So when you are considering a decision as important as buying a new business premises or buying a business tied to another property, you need to be confident that the business mortgage you take out is right for you and that can only happen when you have a genuine choice.