Commercial Mortgages for Office Spaces
Financing coporate premises
and office spaces
What are commercial mortgages for office spaces?
A commercial mortgage for office space is a loan used to finance properties used for business operations, making it ideal for both business owners looking to own the premises they operate from and investors looking to expand their commercial property portfolio.
Why choose a commercial mortgage for your office property?
If you’re a business owner, owning your office space is a great opportunity that gives you stability against rising rental costs and more control to customise your workspace as needed.
For property investors, office properties in prime locations have high capital growth potential. The tailored finance options, with our expert help, enable you to secure a competitive rate that boosts your portfolio profits.
How do commercial mortgages for office spaces work?
Like many types of commercial mortgages, you’ll typically need a deposit of at least 25% to 40% of the overall property value. Loan terms range from 2-30 years and rates can be fixed or variable with factors such as EPC rating considered when rates are being negotiated.
Types of office properties we can finance
The list below isn’t exhaustive, but it gives you an idea of the wide range of property types we can help you finance:
- Serviced office buildings
- Coworking spaces
- Business centres
- Mixed-use commercial units
- Converted retail-to-office spaces
Eligibility Criteria
Lenders typically like applicants to have some experience in the property investment sector (albeit there are some providers who will assist first time landlords), a clean credit history, and a clear proposal for potential income streams and costs relating to the property.
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Special considerations when financing office spaces
When financing office spaces, lenders will assess several factors that may impact your mortgage application. This includes:
Occupancy rates – High occupancy rates reflect stable rental income, which will reassure your lender about the property’s viability as an investment. Low or fluctuating occupancy (for example, hybrid or remote working spaces), may raise concerns. Providing plans to improve occupancy or lease agreements can strengthen your application
The lease structure - Whether it’s multiple tenants or a single business in the property. Multiple tenants can reduce risk when it comes to rental income, but will require more property management
Zoning and planning permissions – Here, lenders will want to see that the property is legally permitted for office use. Any restrictions or pending permissions can delay your application. Providing planning approvals and zoning compliance with your initial application submission will avoid any delays
Meet your mortgage makers.
Talk to a commercial mortgage broker
We handle all types of commercial mortgages, from commercial investment and owner-occupier to semi-commercial. Our expert commercial mortgage brokers are eager to help with your future aspirations. Just get in touch through our channels.
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