How does commercial mortgage work?

When it comes to a commercial mortgage there are no set rates, this means that every single application that is submitted to a lending manager is reviewed thoroughly as they look into the risk levels.

On average a commercial mortgage will last from 3 to 25 years, if you are in the market for a shorter-term loan then you might need to look at a bridging or development loan.

FACT: A larger loan with a lower risk will often receive better rates. Lenders will often have a risk profile that they will go through when processing an application. If your loan falls outside the catchment then you will be declined.