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Commercial loan11/24/2023 ![]() ![]() purchasing business premises (in Dutch).If you take out a mortgage for entrepreneurs for your commercial property, there are various schemes that are important for tax purposes. Points to consider when buying a commercial property Take these costs into account before you take out a business mortgage. Also think of the annually recurring costs, for example, property tax (ozb), home insurance, and maintenance. The transfer tax for business premises is 8%. Such as the costs for determining the value of the property (appraisal), transfer tax, and recording the purchase at the notary. You will also have to deal with several one-off costs. When buying a commercial property, you will have more expenses than only the purchase price. Such as crowdfunding, Qredits, and specialised financing platforms. You can also arrange financing for the mortgage on your commercial property in other ways. You also need your own money.Īn example: for the purchase of a business property of €250,000, you must invest at least €75,000 yourself. So, with only a business mortgage, you cannot buy the commercial property. Market value is the value of the property for which it would be sold in a free market. Most banks finance a maximum of 70% of the market value of a commercial property. A thriving and profitable company that has been around for a while, for example, pays less interest than a starting entrepreneur. Based on the assessment, the bank calculates how much risk premium you pay on top of the basic interest. ![]() They look at your knowledge and experience as an entrepreneur, the number of years your company has existed, and the financial buffer you have. The bank assesses whether you can pay the mortgage. Due to this risk premium, the interest rate for a business mortgage can be higher than that for a private mortgage. Your risk category depends on your specific business situation and is tailor-made. Mortgage lenders place you in a risk category. That is extra interest that you pay on top of your mortgage interest. This also reduces your monthly costs.īusiness mortgage interest consists of interest and a risk surcharge, also known as debtor surcharge. With a linear mortgage, the monthly amount for the repayment remains the same, but the amount for the interest decreases.With an annuity mortgage, the monthly amount for repayment and interest remains the same during the term of the loan.The most common mortgage types are annuity or linear mortgages. You pay monthly interest and repayments for your business mortgage. Ask a mortgage or financial advisor for advice (in Dutch). The term of a business mortgage partly depends on the depreciation periods in which you can write off the investment (in Dutch). If you want to take out a business mortgage for a renovation, the average term is approximately 10 years. During that period, you must repay the mortgage with interest. The term of a business mortgage is at least 5 years, but more often 10 to 20 years. For how long do you take out a business mortgage?
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