Commercial Mortgages? Deposits? Rates?

[Garage19]

Just noticed a 2000sqft unit come up for sale on an industrial estate near us priced at £70k.

We currently rent a smaller unit and the thought crossed my mind I might be better off buying?

If I got it for £65k and put a £10K deposit down would my Ltd company be likely to get a commercial mortgage and what sort of interest rate would I be paying?

[Ossiantoad]

Last time I checked (years ago) I needed a 30% deposit for a commercial mortgage. At £65k you would need to put down £19,500. I guess the mortgage company would look pretty closely into your accounts as well. Worth doing if you can though, I would have thought.

(Someone who actually knows, like Sarnie, will be along in a minute).

[Leedssurveyor]

Purchasing through your pension may be a good option and leasing it back to your company.