Commercial Mortgages for Bad Credit: Tailored Solutions for Your Business Needs

Discover how Expert Mortgage Brokers can help your UK business secure commercial mortgages, even with bad credit. Our experienced team excels at finding the best deals tailored to your specific needs, whether you have defaults, arrears, or a CCJ. Trust us to navigate the complexities and provide personalised solutions.

Get in touch today to take the first step!

Secure your bad credit commercial mortgages

  • Fast access to funds for commercial purchases
  • Expert guidance through the complexities of adverse credit situation
  • Tailored solutions that align with your investment goals
  • Personalised advice and support from experienced brokers

Contact us today to unlock the potential of your commercial investments with the right solution. Your successful property venture begins here.

Can I get a commercial mortgage with bad credit?

The short answer is yes, you can secure a commercial mortgage with bad credit thanks to specialist adverse credit lenders. While having a less-than-perfect credit history can be challenging, our brokers understand that past financial issues shouldn’t stop you from achieving your business goals.

At Expert Mortgage Brokers, we’ve built relationships with a network of trusted commercial mortgage lenders who are open to working with borrowers with adverse credit situations.

Our experienced brokers will carefully assess your unique circumstances and match you with lenders who can offer tailored bad credit commercial mortgage solutions.

These specialist lender might take extra measures to reduce lending risk, such as:

  • Charging a slightly higher mortgage rate to offset potential default.
  • Requesting additional security on the commercial loan, like a larger deposit.
  • Requiring directors to provide personal guarantees for the repayment.

Get approval for a bad credit commercial mortgage today

Experience the Expert Mortgage Brokers difference and gain the peace of mind that comes with having a dedicated partner by your side. Our team is authorised and regulated by the Financial Conduct Authority, ensuring you receive unparallelled service and ethical guidance every step of the way.

We’ll work tirelessly to present your mortgage application in the best possible light, leveraging our industry knowledge to find the right lender and negotiate terms that align with your unique circumstances. From remortgaging to securing a new commercial mortgage, our expertise spans the entire spectrum of property finance solutions.

Don’t let bad credit be an obstacle any longer. Click the button below to schedule your free consultation and take the first step towards realising your commercial property ambitions with a tailored bad credit commercial mortgage.

Secure expert guidance for your commercial mortgages for bad credit

Need help navigating the complexities of commercial mortgage for bad credit. Our team of experienced mortgage brokers is ready to guide you through the process, address your concerns, and secure the best bad credit commercial mortgage deal for your property goals.

What rates and fees will I pay?

If you’ve suffered some adverse credit but overall have a solid credit profile, you may be able to borrow from a high street lender and access low interest rates. Commercial mortgage rates from high street lenders tend to sit between 2.5-3.5% per annum.

However, if you fall outside of this due to bad credit, there are specialist lenders who may consider your application. These lenders tend to charge higher rates, usually between 4.5-7%, and may increase rates for higher loan-to-value applications.

To secure the best deal and reduce the rate you pay, it’s advisable to repay any unsatisfied adverse credit and increase your deposit. Both actions reduce the perceived risk to the lender, allowing you to access lower commercial mortgage rates.

Beyond interest rates, you’ll encounter additional fees when taking out a new commercial mortgage, such as:

  • Lender arrangement fee (0.75-2.5% of the loan amount)
  • Valuation fee for a chartered surveyor’s report
  • Legal fees for both your solicitor and the lender’s

Our brokers will ensure you understand the complete cost structure upfront and negotiate aggressively to secure you the most favourable terms and approve rates based on your credit score.

How expert mortgage brokers can help?

When you’re looking to get a commercial mortgage for bad credit, we’re here to be super helpful. We use our knowledge and connections to get you a great deal. Here’s how we do it:

  • UNDERSTANDING THE MARKET: We know the loan market well and find the best loan for your situation.
  • ASSESSING YOUR FINANCES: We look at your financial situation and work out the best loan structure for you.
  • CONNECTIONS: We have contacts with many lenders, including some you might not know about. This helps us get better loan terms for you.
  • SMOOTHER PROCESS: We help fill in the paperwork and guide you through the loan process, making things faster and easier.
  • BETTER APPROVAL CHANCES: We know how to make your application look good, advising on the best time to apply for optimal loan conditions.

In short, choosing us as your bad credit commercial mortgage broker can save you time, money, and stress.

Frequently asked questions on commercial mortgage for bad credit

The process typically takes longer than a residential mortgage application. Most commercial mortgage applications take around 6-12 weeks from start to finish, depending on the lender. If you need to complete quickly, an expert mortgage broker may be able to suggest lenders with faster turnaround times.

While adverse credit can make securing a commercial mortgage more challenging, some specialist commercial lenders are open to considering borrowers with certain types of credit issues:

  • Missed payments/defaults: A few historical missed payments, especially if older, may be accepted if you’ve since improved your credit profile.
  • Individual Voluntary Agreements (IVAs): Successfully completed IVAs demonstrate your commitment to debt repayment.
  • Bankruptcy: Some lenders may consider you if your bankruptcy has been discharged after a period of rebuilding credit.

An experienced broker can match your specific credit problems with the right commercial mortgage lenders.

Commercial mortgages are accessible to a diverse range of borrowers beyond just individual applicants. At Expert Mortgage Brokers, our specialist commercial mortgage advisors can arrange property finance solutions for partnerships, limited liability partnerships (LLPs), and limited companies.

We regularly assist expats, foreign nationals, overseas borrowers, offshore companies, and even pension funds seeking commercial investment mortgages in the UK. Whatever your situation, our experienced brokers will assess your eligibility and connect you with the most suitable commercial lenders.

From individual entrepreneurs to complex business structures, we have the expertise to navigate each borrower’s unique requirements and credit profile to secure the right commercial mortgage. Get in touch to discuss your needs with our team.

Commercial bridging loans typically have a short-term nature, and the interest is usually rolled up and repaid at the end of the loan term. Some lenders may offer the option to pay interest monthly, but this would depend on the specific loan terms and conditions.