The size of the deposit required for your mortgage will vary based on your circumstances but typically you’ll need to provide a deposit of 20-40%. How much you’ll need will depend on how risky your situation is perceived to be by the lender. Lenders look at many factors to calculate the level of risk. This includes, how much experience you have, your business plan, the type of business occupying the property, the type of property, your profitability and the business’s creditworthiness. If you have a lower deposit or no deposit, it’s sometimes possible to get a 100% mortgage where the loan is secured against other assets. Bridging finance can also be an option for some business owners. To discuss your options, contact us.

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