Do I Need a Commercial Mortgage?

If you’re looking for a new premises for your business, whether it’s an office or a hotel, it’s classed as a commercial property. Purchasing a commercial property requires a commercial mortgage, which isn’t always easy to obtain. This is why people who aren’t eligible for a commercial mortgage or don’t want a large financial commitment can choose to rent a business property instead.

If you need a commercial property it’s important to weigh up the pros and cons of both renting and buying. It’s not quite as simple as buying or renting a house and there are other business concerns to consider.

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