UK Commercial Retail Mortgages

UK Commercial Mortgages for Retail Units and Shops.

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 Retail Units and Shops of any size.

Retail Mortgage acceptable security

Almost all commercial property is acceptable, this includes:

  • Retail premises
  • Takeaways and cafes - Freehold Only

Commercial Retail 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 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 - Refinance of Retail Shop - £350,000

Area - Ground Floor Shop and 1st Floor Offices in Nottingham
The client had bought an ex Kwik Save Store and turned it into one of the largest Ethnic Retail Food Shops in the East Midlands.

Due to first year losses, existing bankers were nervous. However, turnover and profitability was increasing rapidly as the business settled down and the client also leased out the first floor offices to one of the local Colleges.

Commercial Retail Mortgage Solution

  • Our refinancing deal enabled the client to consolidate several existing loans, which provided a cash flow benefit as well as releasing some additional capital.
  • A 15-year repayment facility was agreed at bank base rate plus margin 2%.
    Loan to value 70%.

Case Study 2 - Investment Property Portfolio - £1,500,000

Area - Parade of shops with self-contained flats above in Finchley, North London
Our client had owned the property for many years and wanted to take out some of the equity that had built up for other business ventures. The client's existing Building Society funder was not offering overly attractive terms.

Commercial Retail Mortgage Solution

  • Sterling arranged a £910,000 repayment mortgage over 15 years, at bank base rate plus margin 1.5%.

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.