Commercial MortgagesThe Advantages of Buying Business Premises
Commercial mortgages are taken out for all types of property and, strictly speaking, can be used to purchase any type of property that isn’t used for residential purposes. With this in mind, commercial mortgages are typically used to fund the purchase of office buildings, restaurants, pubs, leisure centres, farmland and many more besides. The benefits of owning as opposed to leasing your business premises are becoming ever clearer and many businesses are beginning to utilise commercial mortgages to fund the purchase of their business property.
Commercial Mortgages
– A long term investment
It may be the case that many small businesses that are just starting out won’t have the necessary capital to buy their own business premises but for those companies that do have the requisite funds to take out commercial mortgages, owning you owning business property will come with many advantages. Just some of these advantages include:
- Flexibility – By using commercial
mortgages to buy your property, it will give you a level of freedom over
what you do with the building that you simply wouldn’t get if you were to
lease the premises.
- Investment – Buying your own
business premises should also be seen as an investment. You will able to
claim any profit that occurs from the sale of the building that you
obviously wouldn’t be entitled to if you were merely leasing the building.
- Letting – If your company expands
and you move to larger premises, you can continue to make profit from the
business premises that you acquired with commercial mortgages by
continuing to let it out to another company.
- Tax Benefits – Owning your own
business premises is also associated with a number of tax benefits that
will be beneficial to companies. In some cases, business premises have the
prospect of a 75% Capital Gains tax exemption which is considerably higher
than the typical 5% associated with residential properties.
Speak To Swift
Property Finance about Commercial Mortgages
Swift Property Finance are delighted to be considered specialists in the property finance field and are pleased to go that extra mile on behalf of our customers. Offering everything from bridging loans to property investment finance and expert advice from experienced brokers, Swift Property Finance is at the forefront of the industry. Offering over 15 years experience in the property field and providing an impressive list of lending sources ranging from major banks to wealthy private investors. For more information, simply call 0845 680 0609.
Commercial Mortgages