If you decide to buy premises you will probably need to take out a commercial mortgage. Mortgages are usually for a period of between five and fifteen years and the property itself is at risk if payments are not made on time. Commercial mortgages are used for a variety of purposes such as:
* the purchase of business premises
* extension of existing premises
* residential and commercial development
* property development.
Typically loans to value vary between 70% and 80%.