Find out more about remortgaging commercial property with NatWest
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.
How does it differ from a standard homebuyer remortgage?
The main difference between a commercial and homebuyer remortgage, is that commercial remortgages can only be applied to loans backed by non-residential real estate. Unlike the more predetermined homebuyer mortgages, commercial mortgages are also heavily tailored around the varied commercial property values, as well as the business needs of the lessee.
What are the borrowing limits for commercial remortgaging?
When remortgaging commercial real estate with us, you can refinance from £25,001 with no upper limit on a variable interest rate, or up to £10m with a fixed rate – all subject to approval.
Remortgaging to a lower interest rate
When interest rates fall, you may want to remortgage your property to save money on your monthly repayments. Switching to a new deal with a lower interest rate could provide you with capital gains in the long run, especially when remortgaging to a shorter term.
Reducing the commercial mortgage term
You may find that due to falling interest rates, your existing commercial mortgage could be refinanced to a shorter term, without a drastic change in monthly repayments. You could end up saving money in the long run with a small increase, or even a decrease, in monthly repayments that will cut years off from your agreement.
Switching between fixed and variable interest rates
When interest rates fall or rise, you may want to switch from fixed to variable, or vice versa. Whilst a fixed rate mortgage offers stability and protection from interest volatility, it may cost you more if the rates fall. This is also true in reverse, as the variable rate can offer cheaper repayments, but is susceptible to how the economy influences the base interest rate. You may want to switch to a fixed rate to protect yourself from uncertainty.
Commercial mortgage factsheets
Thinking about Business premises?
There are several factors to consider before you decide on your business premises. We could help with the decisions and suggest ways you could finance it.
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