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