Many entrepreneurs and business owners come to us for help after receiving incorrect advice about <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/">commercial mortgages<\/a>, having approached the wrong providers.\n\nWhen it comes to finding a good deal with the right lender, it\u2019s always best to seek professional help.\n\nInaccurate information is rife on the internet and unfortunately, some brokers aren\u2019t equipped to provide whole-of-market advice.\n\nBad advice can cost you money and can all too often result in your commercial mortgage application being rejected.\n\nThat\u2019s why we\u2019re committed to providing clear, reliable and confidential advice.\n\nIn this article, we will cover everything you need to know about commercial mortgage lenders, including:\n<ul>\n \t<li><a href="#differ">How do commercial mortgage lenders differ to residential?<\/a><\/li>\n \t<li><a href="#best">How to find the best commercial mortgage lenders<\/a><\/li>\n \t<li><a href="#bc">\u00a0Are there \u2018bad credit\u2019 commercial mortgage lenders?<\/a><\/li>\n \t<li><a href="#expect">What to expect from the commercial mortgage lenders<\/a><\/li>\n \t<li><a href="#list">Commercial mortgage lenders list<\/a><\/li>\n \t<li><a href="#tips">Application tips for commercial mortgages\u00a0<\/a><\/li>\n \t<li><a href="#expert">Speak to an expert today<\/a><\/li>\n<\/ul>\nThe advisors we work will be happy to find the best possible commercial mortgage lender for you.\n\n[feefo-banner]\n<h2 id="differ">How do commercial mortgage lenders differ to a residential mortgage providers?<\/h2>\nCommercial mortgage lenders typically differ from their residential counterparts in the following ways...\n<ul>\n \t<li>They usually have higher <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/commercial-mortgage-deposit\/">deposit requirements<\/a><\/li>\n \t<li>They typically offer a wider range of mortgage lengths and <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/commercial-mortgage-terms\/">terms<\/a><\/li>\n \t<li>Lending decisions are based on the viability and performance of the business<\/li>\n \t<li>The <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/commercial-mortgage-rates\/">rates<\/a> and fees can be higher<\/li>\n \t<li>They base <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/commercial-mortgage-affordability\/">affordability<\/a> on operating performance, rather than income multiples<\/li>\n \t<li>Their lending decisions are bespoke and made on a case-by-case basis<\/li>\n<\/ul>\nThe <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/commercial-mortgage-broker\/">commercial mortgage brokers<\/a> we work with are experts in business property mortgages and have access to every commercial lender on the market.\n<h2 id="best">How to find the best commercial mortgage lenders in the UK<\/h2>\nThe best way to make sure you get a good deal is to work with a knowledgeable and experienced broker who takes the time to understand your situation.\n\nThe more your broker knows about you the better, including future plans for your business including expansion and any debts the business currently has.\n\nHere are some other things that your broker will need to know:\n<ul>\n \t<li>Your budget<\/li>\n \t<li>Your deposit size<\/li>\n \t<li>Your business\u2019s income and expenditure<\/li>\n \t<li>Your credit rating<\/li>\n \t<li>The location of the commercial property you want to buy<\/li>\n \t<li>The property type (flat, office block)<\/li>\n<\/ul>\nThis can make some people feel a tad exposed but it is your mortgage broker\u2019s job to be discreet and anything you tell them is completely confidential.\n\nAny information will be used solely to find you the best commercial mortgage lender and deal.\n<h2 id="bc">Are there \u2018bad credit\u2019 business mortgage lenders?<\/h2>\nHaving \u2018<a href="https:\/\/www.onlinemortgageadvisor.co.uk\/commercial-mortgages\/bad-credit-commercial-mortgage\/">bad credit<\/a>\u2019 can affect your choice of lenders and therefore the rate you pay but it doesn\u2019t necessarily mean that you can\u2019t get a commercial mortgage.\n<h3>Private and specialist commercial mortgage lenders may be able to help<\/h3>\nThere are specialist and private commercial mortgage lenders who take a different approach to how they assess applicants with forms of \u2018bad credit.\u2019\n\nIn fact, in the right circumstances, there may even be lenders who are happy to loan to borrowers who have previously had CCJs or been bankrupt. You'll pay the premium rates for them, though.\n\nThis surprises most people but the reason for this is that every lender has a different set of criteria that they use to determine whether someone is likely to repay their loan.\n\nOne lender might focus on income more than any instances of missed loan repayments. Another may look at the date of when the \u2018bad credit\u2019 occurred or whether your debts have been settled.\n\nIf you would like to find a commercial mortgage lender that accepts bad credit, get in touch.\n<h2 id="expect">What to expect from the commercial mortgage lenders<\/h2>\nAlthough it may be true that lending can be more restrictive with high-street banks, it may still be possible to find a business mortgage lender who can accommodate your needs.\n\nEach commercial mortgage lender will have varying eligibility requirements that they ask you to meet and your individual circumstances can also impact the lender\u2019s appetite to lend.\n\nTo help you understand how each lender differs, we\u2019ve provided a brief summary of some of the well-known lenders and their position on commercial mortgages at the time of writing.\n\nFor an in-depth understanding of how each lender will assess your application and a detailed breakdown of how much you could borrow and why speak to an expert.\n<h3>Halifax commercial mortgage<\/h3>\nHalifax currently offers loan to value (LTV) ratios of up to 60% for commercial mortgages, so if you meet their eligibility criteria, you may be able to purchase a commercial property with a deposit of 40%.\n\nThe information available to the public regarding the rates and terms of a commercial mortgage with Halifax is limited, so you will need to <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-commercial-mortgage-specialist\/">contact a broker<\/a> to apply.\n<h3>Barclays commercial mortgage<\/h3>\nBarclays commercial mortgages are available with LTVs of up to 70%, although each case will be taken on merit, depending on the purpose. Your personal circumstances and your\u00a0business's financial situation can affect the rate that you are offered for a commercial mortgage with Barclays.\n\nAs well as this, the lending criteria can be strict, so before applying directly and to avoid a mortgage rejection on your credit report, speak to an advisor.\n<h3>HSBC commercial mortgages<\/h3>\nIf you meet the eligibility requirements, you may be able to borrow up to 75% of the purchase price or professional valuation of the commercial property you want to buy.\n\nHSBC offer no maximum limit on their commercial mortgages however, the amount that you can borrow and the interest rate you pay will vary depending on many factors including your business\u2019s turnover and outgoings.\n\nApplying for a commercial mortgage with HSBC or any other lender is a big financial decision, so always seek advice from a professional.\n<h3>Santander commercial mortgages<\/h3>\nThe interest rates and terms of a Santander commercial mortgage aren\u2019t easily accessible to the public, so contact a broker who has access to this information as well as other lender commercial mortgage rates.\n\nLoans start from \u00a325,001 and Santander state that they will consider any amount higher, although the amount you can borrow will be based heavily on your affordability and situation.\n<h3>Natwest commercial mortgage<\/h3>\nNatwest base their assessments of eligibility for commercial mortgage lending on the credit history of the individual, business owners or directors.\n\nBecause of this, it\u2019s important that your credit score and business accounts are in order. A mortgage advisor can help you to <a href="https:\/\/www.onlinemortgageadvisor.co.uk\/bad-credit-mortgages\/repairing-and-building-your-credit-for-a-mortgage\/">improve your credit score<\/a> and can also advise you on how to present your accounts in the best way possible.\n<h2>Are there semi-commercial mortgage lenders?<\/h2>\nSemi-commercial mortgages are usually offered by business mortgage lenders rather than residential home loan providers.\n\nTo find out whether the property you\u2019re hoping to buy qualifies as semi-commercial, check out our guide to semi-commercial mortgages.\n<h2 id="list">Commercial mortgage lenders list<\/h2>\nCommercial mortgage rates can fluctuate and change over time, making it difficult to pinpoint the exact amount you will pay if you are accepted by a specific lender.\n\nThis can be frustrating, especially if you don\u2019t have access to the rates in real time.\n\nThe brokers we work with have this information and can update you as and when you need to know, as well as how the change of rates could affect you financially overtime.\n\nHere are just a handful of the additional commercial mortgage lenders that the advisors we work with recommend. If you would like to know about a specific lender and their rates, contact an advisor.\n<ul>\n \t<li>Nationwide commercial mortgage<\/li>\n \t<li>TSB commercial mortgage<\/li>\n \t<li>Lloyds commercial mortgage<\/li>\n \t<li>Metro bank commercial mortgage<\/li>\n \t<li>Danske bank commercial mortgage<\/li>\n \t<li>Kent reliance commercial mortgage<\/li>\n \t<li>Fleet commercial mortgage<\/li>\n \t<li>Virgin commercial mortgage<\/li>\n \t<li>Prudential commercial mortgage<\/li>\n \t<li>Royal bank of Scotland commercial mortgage<\/li>\n \t<li>Woolwich commercial mortgage<\/li>\n<\/ul>\n<h2 id="tips">Application tips for commercial mortgages<\/h2>\n<ul>\n \t<li>Don\u2019t make too many applications in a short space of time! Signs that you have been frantically applying for loans can cause a lender to become cautious and less likely to lend to you.<\/li>\n \t<li>Get trustworthy and reliable advice from a professional.<\/li>\n \t<li>Get your accounts in order and have them completed by a registered accountant<\/li>\n \t<li>Fill out an Asset and Liability form to evidence your company\u2019s net worth ahead of the application.<\/li>\n<\/ul>\n<h2 id="expert">Unsure which business mortgage lender to choose? Speak to a broker first!<\/h2>\nIf you have questions about how to find the top UK commercial mortgage rates and want to speak to an expert for the right advice, call Online Mortgage Advisor today on 0808 189 2301 or <a href="https:\/\/enquiries.onlinemortgageadvisor.co.uk\/match-me-with-a-commercial-mortgage-specialist\/">make an enquiry.<\/a>\n\nThen sit back and let us do all the hard work in finding the broker with the right expertise for your circumstances.\u00a0We don\u2019t charge a fee and there\u2019s absolutely no obligation or marks on your credit rating.