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Owner Occupier
Owner-occupied mortgages are used to purchase a property from where you will be running your business.
You don’t have to worry that the landlord might come and ask you to leave a business premise;
owner-occupied mortgages ensure that your business premises are secured.
owner-occupied mortgages ensure that your business premises are secured.
Owner Occupier
Owner-occupied mortgages are a great way to purchase a property from where you will be running your business. One of the biggest incentives that owner-occupied mortgages offer is that unlike certain cases, you cannot be denied an extension of your lease.
Where renting a commercial property could be subject to a rent increase, owner-occupied mortgages ensures that your business premises are secured. You don’t have to worry that the landlord might come and ask you to leave a business premise where you have built your livelihood.
Relocation could substantially hurt your business, as not all of your regular customers would know the new address. This could result in lost revenue. Some landlords might even use that against you as a bargaining chip knowing that you will have to budge and agree to pay a higher rent.
With owner-occupier mortgages, you don’t face threats like those. You practically own the business premises and can go peacefully building your business and the brand image. There is no danger of being denied an extension of the lease agreement. With an owner-occupier mortgages, you have rights that you wouldn’t have if you were just renting your business premises
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