Mortgage guide
Commercial Mortgages for Nigerian Nationals
A commercial mortgage for a Nigerian national is a loan secured against UK business premises or commercial investment property, such as offices, retail units, warehouses or semi-commercial buildings. Commercial lending is assessed on the strength of the business or the investment income the property generates, alongside the borrower’s experience, immigration status and deposit.
- Published
- 18 Aug 2026
- Last reviewed
- 18 Aug 2026
- Reading time
- 2 min
Commercial Mortgages for Nigerian Nationals
A commercial mortgage for a Nigerian national is a loan secured against UK business premises or commercial investment property, such as offices, retail units, warehouses or semi-commercial buildings. Commercial lending is assessed on the strength of the business or the investment income the property generates, alongside the borrower’s experience, immigration status and deposit.
Commercial mortgage rates for Nigerian nationals are currently around 6.5%, with pricing driven by the property type, tenant strength, loan to value (LTV) and the borrower’s profile. Commercial mortgages are generally unregulated, and criteria vary far more between lenders than in the residential market, which makes whole-of-market access particularly valuable.
Our panel includes lenders who will consider:
- Nigerian business owners trading in the UK buying their own premises
- Commercial investment purchases, including semi-commercial property
- Limited company and personal applications
- Deposits remitted from Nigeria, provided the source of funds is fully evidenced
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Nigerian National Mortgage Lender Criteria
For context, these are the wider product terms covered by this guide. Availability and eligibility depend on your circumstances and the lender.
| Criteria | Detail |
|---|---|
| Maximum Loan to Value (LTV) | LTV by visa status: e.g. higher LTV with ILR, reduced LTV on time-limited visas |
| Borrowers | Personal, Ltd co, LLP |
| Visa types accepted | Skilled Worker, Health and Care Worker, ILR |
| Minimum UK residency | Varies by lender |
| Repayment type | Capital Repayment, Interest Only or Part/Part |
| Term | min/max term |
| Income accepted | UK employed and self-employed income; foreign currency income with selected lenders |
| Deposit source | UK savings, gifted deposits, and funds transferred from Nigeria with full source-of-funds evidence |
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Frequently asked questions
Can Nigerian nationals get a commercial mortgage in the UK?
Yes, Nigerian nationals can obtain UK commercial mortgages for business premises or commercial investment property. Commercial lending is assessed on the business or rental income the property generates, together with experience, immigration status and deposit, with rates currently around 6.5%.
What is a commercial mortgage?
A commercial mortgage is an asset-backed loan secured against commercial, semi-commercial or large-scale investment property. Lenders assess it on income sustainability and asset risk rather than personal income multiples, and pricing is set case by case, usually as a margin over Bank Rate.
What is commercial lending?
Commercial lending refers to loans secured against property used for business purposes, such as offices, retail units, or industrial premises. Terms, rates, and deposits are individually assessed and typically differ from residential mortgages.
What is a commercial bridge?
A commercial bridge is a short-term, property-backed loan used to purchase, refinance, or stabilise commercial or mixed-use property when a standard commercial mortgage is not immediately available. It is exit-driven, typically runs for 3-12 months, uses rolled-up interest, and is repaid through sale or refinance rather than ongoing affordability.
What is a semi-commercial mortgage?
A semi-commercial mortgage is a loan on a property that combines commercial and residential parts, such as a shop with a flat above, and is also called a mixed use mortgage. Lenders assess the combined rental income, the residential proportion and the commercial tenant's lease, or the business where the owner trades from the premises, and it is usually arranged with commercial or specialist lenders. A loan to an individual or trustees is a regulated mortgage contract where at least 40% of the property, measured by floor area, is lived in by the borrower or a related person; otherwise it is usually unregulated business lending.
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