Guide: Take out a business mortgage

A business mortgage can be an essential step for entrepreneurs who want to expand their business or buy a new property. At Qeld, we understand that speed and flexibility are crucial, which is why we offer same-day business mortgages.

What is a business mortgage?

A business mortgage is a business loan for financing corporate real estate. This can be for the purchase of a new building, the renovation of an existing one, or the refinancing of an existing one corporate mortgages. At Qeld, we make sure the process is smooth and fast so you can focus on running your business.

Benefits of a business mortgage with Qeld

At Qeld, we offer various benefits:

• Fast payout:
  We aim to arrange the payout the same day so that you have immediate access to the necessary financing.
• Flexible terms:
  Our mortgages are tailored to your specific needs, with customizable terms such as interest and repayment periods.
• Transparency:
  We believe in clear agreements with no hidden costs.

How does it work?

The process starts with a simple request via our website. After submitting the necessary documents, such as financial information and a valuation report, our experts will review your application. Upon approval, the mortgage will be paid out the same day after signing the mortgage deed at the notary.

Costs and terms

Taking out a business mortgage involves various costs, such as valuation costs, notary fees and advisory costs. The interest rate varies and depends on factors such as the risk profile of the loan and the term. At Qeld, we ensure transparent communication about these costs.

Requirements

To qualify for a business mortgage, many others usually ask for a personal contribution of at least 30% of the property's purchase value. In addition, current annual results and a valuation report are required. Remember to always pay the cost of your credit compute.

How much own money with a business mortgage?

With a business mortgage, it is common for you to contribute your own money, often between 20% and 40% of the total value of the property. This percentage may vary depending on the lender's specific conditions, the value of the property, and the financial stability of your company. A personal contribution reduces the risk for the lender and can affect the interest rate you pay.

While Qeld does not offer business mortgages, we can support entrepreneurs with flexible business loans for other investments in their business. Our business loans range from €5,000 to €500,000 and can be available within 24 hours of approval without the requirement for a personal contribution. This can be a good addition if, for example, you need renovations, supplies or extra working capital.

Does a business loan affect your mortgage?

Yes, a business loan can affect your personal mortgage application, especially if you have a sole proprietorship or a partnership (vof). In such cases, your business debts are considered personal financial obligations. Mortgage lenders can include your total debt burden in their assessment to determine your borrowing capacity and creditworthiness.

At Qeld, part of Qred Bank, we offer business loans that are flexible and have no binding term, allowing entrepreneurs to repay loans more quickly when they want. This can help minimize the impact of a business loan on your personal finances. However, it is always wise to consult with your mortgage advisor beforehand so that you know exactly how a business loan can affect your mortgage options.