|
||
Release equity in your property
As mentioned, one of the key benefits of having a commercial mortgage is that you'll own an asset which is more than likely to increase in value. the business premises! If your business premises have risen in value then the equity can be released for additional business funding.
Getting a better deal
You can also utilise a commercial remortgage to achieve a more competitive rate or increase the term to reduce the repayments (a commercial mortgage is similar to a residential mortgage in that respect).
At General Finance Centre, we've provided a vast amount of commercial remortgage solutions for numerous clients over the years. From purchasing stock and investing in machinery to acquiring new / larger premises or even clearing company debts, General Finance Centre will find the tailored commercial mortgage deal to suit your situation.
If your credit rating or general business performance has improved since you arranged your original commercial mortgage then you could remortgage to get a more competitive deal. If not, then we can still help. At GFC, we help applicants with credit problems, arrears, CCJs and even bankruptcies obtain finance secured against property.