Swoop Funding Commercial Mortgages

Swoop Funding Commercial Mortgages logo
  • Owner occupier, buy-to-let, remortgage, and interest only options available
  • Access to whole of market
  • Advanced technology alongside expert guidance
See Deal Browse Swoop Funding Commercial Mortgages FAQs

Compare Swoop Funding Commercial Mortgages

  • Swoop Funding Commercial Mortgages logo

    Swoop Funding Commercial Mortgages

    • Tailored to the specific needs of either owner-occupiers or commercial property investors
    • Access to whole of market – your case will be presented to multiple matched lenders
    • Speak to Swoop’s team of five-star Trustpilot rated commercial mortgage experts
    • Minimum Turnover
      £150,000 p.a.
    • Available Amounts
      From £250,000
    • Available Terms
      6 months to 30 years

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Last updated on 10 May 2021.

Swoop Funding Commercial Mortgages FAQ

What is Swoop Funding?

Swoop Funding is a credit broker which specialises in linking businesses with the lending facilities they need to invest and spend in order to grow their businesses.

What is a commercial mortgage?

Commercial mortgages are tailored for individual businesses, allowing them to borrow sums of money in order to purchase property or land for commercial purposes. Commercial mortgaging also includes the ability for businesses to remortgage, unlocking cash for businesses to use for various other purposes.

How does a commercial mortgage differ from a residential one?

One of the key distinctions between commercial and residential mortgages is that commercial mortgages must be bespoke to the business, as no two businesses are the same, making rate comparisons between products tricky.

Who tends to seek a commercial mortgage?

Commercial mortgages brokered via groups such as Swoop Funding are typically aimed at owner-occupiers as well as investors in commercial property markets. Swoop Funding assesses your business using various criteria, to help put you in touch with the right lender to meet your requirements.

What are the criteria to secure a commercial mortgage?

Some of the criteria Swoop Funding would need to know to help find the right lender for you include your credit history as a business, as well as the status of any debts you might have on your books. A consistent record of cashflow as a business is also usually critical. Together, providing this information helps build up an accurate financial picture of your business, and how well you can repay any loans or debts.

Can I get a commercial mortgage on poor credit?

Yes, it may be possible to seek a commercial mortgage despite poor credit from not all, but certainly some lenders. It’s important to add that poor credit denotes higher risk to a lender. As a result, this can have an impact on the repayment cost of your mortgage. Interest rates might be higher if your credit is poor, so higher costs may be something to budget for, if you do wish to seek a commercial mortgage.

What term lengths can Swoop Funding offer me?

Using our comparison table, you can see that commercial mortgage terms can range from as little as six months to 30 years maximum. This gives your business great flexibility when it comes to your lending options. The length of mortgage terms is important, underlining how these types of loans are serious financial commitments that require adequate planning.

What is the minimal turnover required with Swoop Funding?

See our comparison table above for the latest details on minimum turnover requirements.

Can I seek interest-only commercial mortgages?

Swoop Funding does provide access to interest-only commercial mortgages, through its specialist advisers. Interest-only options mean that the loan repayment is deferred until the end of the term, when it is paid off as a lump sum. In the meantime, you repay just interest on your commercial mortgage, keeping costs low.

Services offered by this provider may change over time. Always check Ts&Cs.