If your business is looking for a new property to purchase with a view to conducting commercial operations from it, then you will be seeking owner-occupier commercial finance. In commercial terms, an owner-occupier is an individual or company who own the premises they operate from.
Clients often come to us wanting to know exactly how much they can borrow for the purchase of their owner-occupied commercial property. Theoretically for this sort of loan, loan to values (LTV) can reach up to 75%, though this is really at the upper end of the LTV spectrum. In most cases, the highest rate that can be achieved is 65% LTV. Indeed, at Enness this is the rate that we consistently deliver. When looking to acquire owner-occupier finance, it is vitally important that your business plan is watertight as this will form the basis of your loan’s exit. Generally speaking, your business’ income will make up the capital for your loan repayments, so it is crucial that income is consistently maintained to preserve your exit. In a lot of cases, we see owner-occupied commercial premises used as a mixed-use site. Mixed-use means the property is used not only for commercial purposes but also for something else- typically for residential dwellings.
Enness are old hands at securing commercial finance for owner-occupiers. Our expert brokers will help to ensure your business plan stands up to the scrutiny which lenders will subject it to and do everything possible to help facilitate your commercial finance needs. Whether you are looking to have a single-use owner-occupied property or use the site for mixed-uses, our expert brokers have a wealth of experience facilitating all commercial requirements. Our extensive network of specialist lenders, built up over a long period of time, nurtured and maintained means that we have an unrivaled view of the whole market, leaving us in a perfect position to meet your commercial finance needs.