 Commercial
Mortgages - Avoid High Rents!
More small
businesses are quitting high rents and switching to commercial
mortgages to increase long term profits.
According to the Mail on Sunday, time is running out for renting. A
recent report revealed that more and more business owners of small to
medium companies are ditching renting their commercial premises in
favour of commercial mortgages, despite the current high interest rates.
Commercial Mortgages
– An Attractive Option
The global credit crunch has seen the Bank of England put up interest
rates this year, which means they are now at a five-year high. There
were concerns from lenders that this would impact on commercial
mortgages and put buyers off. But in fact, buying your own offices is
more attractive to businesses then ever. The demand for commercial
mortgages has increased, part of the reason for this has been put down
to the fact some specialist lenders are now offering 100% commercial
mortgages on commercial properties. This makes it far easier for
smaller businesses to afford to take out commercial mortgages and the
commercial mortgage market is now far more attractive then it has ever
been.
Commercial Mortgages
Help Businesses Sidestep High Rents
Commercial mortgage specialists believe more small businesses are
opting to buy their own offices namely because of the appreciation in
value investing in property offers in the long term. But the other
advantage is avoiding the likely increase in rents many small
businesses are vulnerable to under the control of a landlord. Owning
your own business helps many mangers budget, control their finances,
plan ahead for cash flow forecasts and reap the capital rewards.
Safeguard your
Future with Commercial Mortgages
Many business owners are however looking for fixed rate commercial
mortgages to safeguard their profits from further rises in interest
rates, despite the fact many businesses can cope with interest rates
more effectively then the average homeowner.
There are other advantages and benefits commercial mortgages offer as
opposed to renting, even if the mortgage ends up being slightly more
costly – the long term capital gain is one major incentive, but owning
your own commercial premises means you can have more control. The Daily
Mail quoted one solicitor who took out a commercial mortgage to buy his
own premises who said the advantage was he could control his
environment more – such as having more control over people standing
outside smoking, impacting on the image of the firm.
The capital appreciation of buying your own property through commercial
mortgages means in the long-term there is a greater stability and
capital gain, even if it’s slightly more costly then renting in the
short-term.
Blue Turtle Finance is a family run business, providing a first class,
friendly and professional service. Our clients are of prime importance
to us, we always take the time to listen to their requirements and
concerns. At Blue Turtle Finance we work with you, to achieve the best
plan to suit your financial requirements for commercial mortgages and
bridging loans. Blue Turtle Finance will not put you through to a call
centre but guarantee one to one personal attention from your initial
application right through to completion. Blue Turtle Finance specialise
in adverse and severely adverse credit. To find out more email: info@blueturtlemortgages.co.uk
or telephone: 0845 460 6616.
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