UK Commercial Office Mortgages

Experience and advice to clients in respect of structuring commercial mortgages for Offices from Prestige Offices, Newly Refurbished Offices to Offices above retail outlets.

Our commercial property mortgage consultants all have backgrounds in the banking sector and can offer added experience and advice to clients in respect of structuring commercial property deals such as commercial mortgages for Offices from Prestige Offices, Newly Refurbished Offices to Offices above retail outlets.

Acceptable security

Almost all commercial property is acceptable,
this includes:

  • Offices
  • Semi Commercial

Office Commercial Mortgage Application

We have access to a wide range of commercial mortgage lenders, with some offering Adverse Credit Commercial Mortgages enabling us to match the client’s UK Office Commercial Mortgage requirements to the most appropriate lender. At Sterling Capital Reserve, we are able to source a wide range of innovative and competitive commercial property finance packages, secured against investment property, factories and offices, warehousing and storage, hotels, pubs and restaurants, care homes and professional practices.The financial information that we will need to support a mortgage application is as follows:

  • Last 3 years Audited Accounts
  • Latest Management Figures
  • Profit & Loss Forecast for next 12 months
  • Last 6 months business bank statements
  • Brief CV/profiles of partners/directors
  • Asset/liability statements of applicants

Case Study 1 - Purchase of New Offices - £520,000

Area - Purchase of newly refurbished offices in Canary Wharf.
Our client was renting office space and had decided that the time had come to buy their own accommodation.
The client enjoyed a good relationship with his clearing bank and the latter were keen to assist. However, Sterling secured the business by obtaining a higher loan to value % and waiving the requirement for life cover on the key Directors.

Office Commercial Mortgage Solution

  • A 20-year repayment facility was agreed at bank base rate plus margin 1.5%.
  • The mortgage amount of £520,000 represented 80% loan to value.

Case Study 2 - Investment Property - £6,300,000

Area - Purchase of prestigious Property to be 'let' as offices in Mayfair, London
Our applicant (an offshore-based company) wanted to relocate its own business into the subject property and also let out the other 4 floors. The applicant was getting vacant possession as the property had just been extensively refurbished.
Notwithstanding the property was not already generating an existing rental income, in view of the prestigious location, Sterling were able to arrange the following:

Office Commercial Mortgage Solution

  • Mortgage of £6,300,000, which represented 70% of the purchase price.
    Repayment term 20 years.
  • At bank base rate plus margin 1.25%.

Case Study 3 - Property Purchase - £2,465,000

Area - Purchase of offices in London W1
Applicant company in the Entertainment sector, an established highly profitable, growing business. Hence the need to purchase larger premises, as they had outgrown existing rented accommodation.

Purchase price agreed - £2,700,000. Our lender's Valuer came in at £2,900,000.

Office Commercial Mortgage Solution

  • Sterling arranged a mortgage facility of £2,465,000, ie 85% of Valuation, over a 20-year period, at bank base rate plus margin 1.5%, ie client's input only £235,000 (8.7% of purchase price).

All cases are supported by professionally prepared credit applications, thereby significantly enhancing the chances of our clients securing the optimum financial package. Unlike some of our competitors, we do not believe in up front charges. Our fees are only payable when our client has received a formal offer of finance.