Overlay

Commercial Mortgage

Buying business property? Our Commercial Mortgage could help

On this page:

Mortgage in detail

Calculator

Important info

Enquire online

Looking to buy or remortgage a commercial property?

Owning your own premises could be a great way of growing your business. With a Commercial Mortgage you’ll benefit from any increase in the property’s value and you won’t have the constraints of renting.

Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

Borrow from £25,001 with no upper limit on a variable interest rate or up to £10m on a fixed interest rate, subject to approval

Fixed and variable interest rates available

Repayment terms up to 25 years

No early repayment charges, conditions apply

Repayment holiday available, subject to approval

Capital & Interest or Straight Line repayment profiles available

Arrangement and security fees may apply

Commercial Mortgage Fixed Interest Fact Sheet (PDF 0.7MB)

Commercial Mortgage Variable Interest Fact Sheet (PDF 0.7MB)

Commercial Mortgage Calculator

Use our Commercial Mortgage Calculator to tailor the amount you might like to borrow and the repayment term to check the amounts you're likely to repay each month.

Property Purchase Price

Deposit

Term

Interest Rate

Mortgage Value

Monthly Cost

per month

Enquire online in just 2 minutes we’ll be in touch to talk through possible solutions tailored specifically to you.

Enquire Online

These results are not a confirmed quote provided by Ednites Credit Union and are only indicative based on a repayment mortgage and the information you have entered into the calculator.

Useful information about our Commercial Mortgage

Do I need a Ednites Credit Union account to apply?

Difference between a Commercial Mortgage and a home buyer's mortgage

A Commercial Mortgage is a loan that’s secured against a commercial property. Our Commercial Mortgage product can be used to purchase new commercial premises for businesses to trade from, or to remortgage an existing loan that’s secured against an existing property, to raise finance for your business.

A standard homebuyer’s mortgage, the loan is given for and secured against a residential property.

A Commercial Mortgage is for a commercial property and is specifically intended for businesses.

Can I get a Commercial Mortgage for a new business?

What deposit will I need for a Commercial Mortgage?

How do I get a Commercial Mortgage?

Would a Buy-to-let mortgage suit me better?

Get in touch with us today

Enquire online in just 2 minutes

Simply tell us a little about your business and we'll be in touch to talk through possible solutions tailored specifically to you.

Enquire online

Speak to our team

If you have a Relationship Manager speak to them to discuss your needs, or phone us to speak with our dedicated team.

Lines are open 9.00am – 5.30pm Monday to Friday (except public holidays).

Customers with hearing and speech impairments can contact us by using our Relay Service: 18001 0345 711 4477

For more information visit the accessibility page.

Calls may be recorded for training and monitoring purposes. To see how much your call might cost, visit the call charge information page.

Please take some time to read some important info.

How does Ednites Credit Union make a lending decision? Close

We make all assessments of eligibility for lending on the basis of the credit history of the individual, business owners or directors. Credit Scoring is part of the process used by banks and other lenders to help assess the risk involved in a specific loan and to determine whether they will lend to you.

How to appeal a business lending decision Close

Hopefully we can approve the loan for you. However, we have strict lending criteria, so sometimes we have to decline.

How to appeal a lending decision

How can I improve my chances of being approved? Close

If you're an existing customer, it’s really important that your personal and business details are close matches to what we have on your file. If they're different, it will be worth updating them before you apply.

If in doubt, please check what is on file at Companies House and update any out of date information before you apply.

Please be accurate with your income declaration. If we believe you can't afford the repayments on the amount you apply, you may be declined.

For instance, if you declare an income of £250,000 and we see £180,000 going through your Ednites Credit Union account, your application may be referred or declined.

See our credit scoring guide Close

When you apply for a loan, we’ll look at your credit score. Our Business Credit Scoring Guide can help you manage your application.

See our guide to credit scoring (PDF, 1.61 MB)

Additional support for your business

Thinking about Business premises?

There are several factors to consider before you decide on your business premises. We could help with the decisions and suggest ways you could finance it.

Find the perfect premises

Understand commercial re-mortgaging

Commercial re-mortgaging is a refinancing method for mortgages secured against commercial real estate. Find out more about commercial re-mortgaging with us.

Commercial re-mortgaging

Commercial buy-to-let with Ednites Credit Union

Commercial buy-to-let mortgages are a type of secured loan, where commercial real estate is the security. Find out more about buy to let mortgages for limited companies.

Commercial buy-to-let

Something else we can help you with?

National Westminster Bank Plc. Registered and Wales (Registered Number 929027), Registered Office: 250 Bishopsgate, London EC2M 4AA.