Business Mortgage
We help secure Business Mortgages
Business Mortgage
Offers mortgage financing to business owners who are operating their businesses from residential type properties where more than 50% of the property is used for business purposes and the potential to convert back to residential use is maintained, and properties zoned for business purposes from the local authority/municipality.
Qualifying criteria
- Bed and Breakfast/Guesthouse accommodation & Lodging/Boarding Houses with NO Liquor license
- Professionals Home Offices: Attorney’s, Accountants, Consultants, Architects, Quantity Surveyors & Engineers
- Home industry offices for dressmaking, home bakeries, pottery, shoe repairs and silk screening & Laundries
- Consulting Rooms: Doctors, Dentists, Physiotherapists & Veterinarians
- Nursery schools & Crèches
- Sectional Title offices up to R5m & Free hold offices
- Estate agents, Photographic Studio & Art Galleries,
Term
- 80% LTV = 20 years
Minimum Loan Amount
- R 100 000
Maximum Loan Amount
- R 10 000 000
Access Bond
- May be applied for
Maximum Loan Amount
- R 10 000 000
Access Bond
- May be applied for
Exclusions
- Building Loans (Further advances for building alterations may be considered.)
- Vacant Land
- Jump Start
- Agricultural loans, where income is derived from productive value from the farm.
- Commercial/Manufacturing Plants
- Factories & Retail outlets
Special Terms / Conditions
- Property must be situated in a business node (norm for the area).
- A copy of the relevant consent for use or rezoning certificate must a must be provided
- Non-residents may apply provided the necessary Exchange Control exemptions are received
