If you are reading this article, then you probably own a commercial property. Further, you most likely have a commercial loan.

Commercial property mortgage rates have recently increased. This has happened in line with base rates increasing which has caused widespread panic.

Many have found that the rents they receive now do not cover the interest they pay on their loans. As a result of this, many have decided or been forced to sell.

It’s one thing deciding to sell and taking your time but another thing having to rush. Many are now under extreme pressure to sell quickly as they are in arrears and the banks are starting to put them under pressure. As a result of them having to sell quickly, many have to sell at a discount. This may sound unfair but it happens all the time, even in a good market.

Commercial property mortgage rates have risen fast over the past couple of weeks and will continue to rise. The UK economy faces an extremely turbulence future which all of us are reading about and hearing every single day.

Those who need to sell quickly may find it difficult tracking down a buyer as investors become increasingly nervous. Many have decided they no longer wish to buy as they have their own problems to deal with regarding their own properties. However, all is not lost. If you can find them, there are still companies who are still buying and prepared to offer property owners a fair price.

Some think the UK is already in a recession whilst others think a recession is just around the corner. All the economic indicators suggest that the UK economy is facing, and will continue to face, extremely tough times so people need to take stock now and put the necessary measures in place to protect their investments. One way of doing this is to sell your commercial property, repay your loan and unburden yourself.

If you want a friendly chat, without any obligation, then please feel free to contact us. You may be surprised how we can help you.