A commercial/business mortgage lasts from 3 to 25 years and you can usually borrow up to a 70-75% mortgage.

​

A commercial/business mortgage plan differs from a regular mortgage in the following ways:

​

There are usually no fixed rates for commercial mortgages.

​

You’ll usually pay a higher interest rate on commercial mortgages compared to regular home mortgages as these are considered higher-risk to lenders.

​

Commercial mortgages tend to offer better interest rates than regular business loans as these require property as collateral.

​

Benefits:

​

The interest on your commercial mortgage is tax-deductible.

​

If your property increases in value, your capital could also see an increase.

​

You’ll be able to rent out the property to generate extra income.