With a commercial mortgage in Surrey, borrowers can typically borrow up to 75% of the property’s appraised value. Depending on the type of collateral and lender, this can also go up to 85%.
Getting a mortgage can be hard if you don’t know what you’re doing. However, with Freedom Capital, you can get your mortgage approval in as little as 24 hours* alongside expert professional advice and custom mortgage solutions for your needs.
The amortization period for a commercial mortgage depends on various factors. The property’s location, age, physical condition and purpose of construction are factors lenders take into consideration before settling on an amortization period. However, in Surrey, a commercial mortgage can last up to 25 years.