Commercial property is often considered a good investment in that it historically has provided a stronger yield and similar stability to investing in residential property, when compared to other asset classes such as investing in the share market.
Banks have some very different criteria is how they assess loans for commercial property. The structure of the loan is equally important in that the terms offered by different lenders are vastly different not just in the headline rates offered, but deposits required varying from just 20% at some lenders to 40% at others. Loan term can also vary from the standard 15 years up to 25 years depending on the bank, or may need to be matched to lease terms.
Whether you are a business owner looking to secure some longevity over your premises, or perhaps a savvy investor looking for the right investment for your portfolio – Contact Byfields for a free appointment to discuss your situation and how we can help you get the most competitive finance, in the best structure for your needs to maximise your return.