Where the loan is granted for commercial purposes, and is usually secured against commercial property, though residential property may be used. With a commercial mortgage there is a higher rate of interest, as it is a higher degree of risk for the lender.
Commercial Loans are not regulated by the FSA or arranged via Sesame.
Fees for commercial mortgaes are usually 0.5% of the loan, please ask for a personalised illustration.
Your property may be repossessed if you do not keep up repayments on your mortgage