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House and Apartments forum
 What Is The Current Commercial Property Rate ? |
 13.7.2009, 9:12
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#1
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User  Group: User Posts: 14 Joined: 6.6.2009 Member No.: 503  |
What is the current commercial property rate?
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15.7.2009, 22:08
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#2
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Senior Group: Administrator Posts: 97 Joined: 26.1.2009 From: UK Member No.: 2 |
Hi Judith
There are not many commercial mortgage providers that publish their rates as majority make decision on the individual basis. Margins are anything from 1% above BoE or LIBOR rate, but can be as much as 6% above. So there is no straight answer as a lot depends on the type of the property, business nature and quite a few other factors. |
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17.7.2009, 13:01
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#3
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User Group: User Posts: 14 Joined: 6.6.2009 Member No.: 503 |
it's really nice tips.
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3.8.2009, 20:41
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#4
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Senior Group: User Posts: 36 Joined: 2.3.2009 Member No.: 32 |
Hi, Konek! do you know by any chance what kind of deposit is required on average when applying for a commercial mortgage? thanks
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4.8.2009, 22:17
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#5
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Senior Group: Administrator Posts: 97 Joined: 26.1.2009 From: UK Member No.: 2 |
You are expected to put down at least 30% and it is probably worth putting more as the lower the LTV, the better the rate.
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4.8.2009, 22:35
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#6
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 Senior Group: User Posts: 67 Joined: 2.3.2009 Member No.: 25 |
30%? that's quite steep! Apart from the rates, are there lots of differences between the residential and commercial mortgages?
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12.8.2009, 8:22
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#7
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User Group: User Posts: 20 Joined: 4.8.2009 Member No.: 637 |
30% for commercial mortgage. I think its not very easy to get.
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