What is a business remortgage?
A business remortgage is a type of loan secured against the value of your commercial property. It’s usually offered at a lower interest rate than traditional commercial loans with flexible repayments, allowing you to pay off existing debts to take control of your finances, or grow your business through expansion or new equipment. However, they typically include higher interest rates than traditional private mortgages you would have on your own home or buy-to-let property.
By remortgaging your business property, you can also secure a better deal on your monthly repayments, allowing you to reinvest the extra funds as you see fit.