If you are thinking of buying a commercial property either to use as a business venture or to sell on as an investment then you are going to need a commercial mortgage. Just as there are many different types of property available for all types of business ventures there are different types of commercial mortgage.
The type of commercial mortgage you will get will depend on the type of business which you are intending to set up, for example solicitors, doctors, vets and such would more than likely be able to get a 100% commercial mortgage for their business. This is because these are generally classed as professional businesses while others are generally seen as non professional.
A 100% mortgage will use the property that you are intending to purchase instead of asking you to pay a deposit. However when going for a 100% commercial mortgage there may be other fees included which you will have to pay out for and these include valuation fees and legal fees, however in the majority of cases these fees can be added onto the mortgage providing of course there is enough security in the property you are intending to purchase.
However in the majority of cases the...
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