Exploring how commercial mortgages differ and what businesses should know.
The main difference between a commercial and residential mortgage is that a bigger deposit is required. Commercial mortgages will generally be larger than residential mortgages as the size of the property will likely be larger, and you’ll pay a higher interest rate because they’re considered a higher risk to lenders.
At Millbrook, we have helped businesses across the UK in a variety of sectors to secure the most suitable property finance agreements for their needs. Explore our commercial property finance solutions to learn more.