Commercial mortgages in Northampton
A commercial mortgage is long-term borrowing secured on commercial property, used in Northampton either to buy premises your business occupies or to hold property as an investment. Terms commonly run ten to twenty-five years. CoreFi matches your case to lenders who lend in Northampton. Rates depend on the property, the covenant and the loan to value.
Buying the premises your business already rents is one of the few decisions that improves the balance sheet and the monthly outgoings at once, and it is a common step for established Northampton businesses. Investment purchases work differently, standing on the rent the property produces rather than on your trading performance.
CoreFi is a commercial finance broker. We arrange commercial finance for Northampton businesses, principally limited companies. We package the case, approach the lenders whose criteria fit, and manage it to drawdown. We do not lend our own money and we are not tied to any lender.
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Tell us what you need
Tell us about the property, what you are paying, whether you will occupy it and what deposit you have. It costs nothing to start and there is no obligation.
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We match you with suitable lenders
We assess your situation against our whole-of-market panel and identify the lenders whose criteria actually fit, rather than applying everywhere and collecting declines.
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We package and submit
We prepare the case with the documents the lender will ask for and put it to the lenders most likely to fund it.
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Offer and drawdown
The lender issues terms and, on acceptance, releases the facility. We manage it through to completion.
Owner-occupied or investment
On an owner-occupier mortgage the lender underwrites your business as much as the building. They want to see that trading profits comfortably cover the payments, and they will often lend a higher proportion of value than on an investment purchase because you have an obvious incentive to keep up payments on your own premises.
On an investment purchase the rent does the work. Lenders test the rental income against the payments at a stressed rate, and look hard at the lease: length, break clauses and the strength of the tenant. A short lease to a weak covenant limits what is available regardless of the yield on paper.
What lenders assess
Loan to value, the quality of the income, and the property itself. Standard industrial units, offices and retail in reasonable condition are straightforward. Specialist property is harder, because the lender is asking who else would buy it if they had to sell.
You should expect a meaningful deposit, a full valuation, and for the lender to want the property to be readily resaleable. Where the business occupies the building, a personal guarantee from the directors is common.
Cost and structure
Rates may be fixed or variable, and the arrangement fee is often a percentage of the facility rather than a flat sum. Add valuation and legal costs on both sides, since you generally pay the lender's legal fees as well as your own.
Term length matters more than borrowers expect. A shorter term costs less in total interest but raises the monthly payment, and lenders test affordability on the payment. Where the plan is to sell or refinance within a few years, check the early repayment charges before fixing for longer than you need.
Frequently asked questions
Do you cover all of Northampton and the surrounding area?
Yes. We work with businesses across Northampton and the surrounding area, including Brackmills, Swan Valley, Moulton Park, the town centre and out towards Towcester and the Silverstone corridor. The lenders we match you to will confirm whether they fund your specific sector, location and security.
Do you lend the money yourselves?
No. CoreFi is a commercial finance broker, not a lender. We arrange facilities with lenders on our panel and are paid a commission by the lender on completion. If we think a product is wrong for your situation we will say so.
How much deposit will I need?
It varies by lender, property type and whether you occupy the building. Owner-occupiers can often borrow a higher proportion than investors. We will give you a realistic range for your situation before you make an offer, so you are not negotiating on a number that was never available.
Can I buy my premises through a pension?
Commercial property can be held in a SIPP or SSAS, and it is a common structure for owner-occupiers because the rent is paid into the pension. It is a decision for your accountant and pension adviser rather than for us, and the lending options differ from a straightforward company purchase.
What does it cost to use CoreFi?
There is no cost to start a conversation and no obligation. On most commercial products we are paid a commission by the lender on completion. Where a fee is payable by you, we tell you the amount in writing before you commit to anything.
Get matched with lenders for your Northampton business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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