The mortgage rates in this type of commercial investments can vary enormously depending on the client and property profile. The mortgage investment rates also depend on the proposed deal structure.
This Irish mortgage broker will present your case to the lenders to ensure you maximize your borrowing capacity, and achieve the best rate for the deal.
Tip 1: The mortgage process for a commercial property is generally less demanding than for residential property and can be processed more quickly by mortgage brokers.
Tip 2: Lenders will always look at the property location, the tenant, the lease and to you (the clients financials and experience) when evaluating a deal. Get these aspects right and you are a long way there.
Tip 3: If you are buying land to build a commercial or residential property then the level of zoning or planning permission currently in place will affect the rate.
