Location, location, location...
Finding the right business premises
There are lots of things to consider
What do you need from your business premises?
Working from home
Location, location, location
Safety and security
Rent or buy?
Buying a property means you have an asset in your business premises, but you'll also take on some additional risk. If you rent you can move quickly and easily, but you are vulnerable if your landlord decides to sell the property.
Consider what you want from your premises, how long you'll need it and what works best for your budget. The key things to think about are:
Do you need a property that will allow your business to expand?
Commercial mortgagesSometimes you can quickly outgrow your premises or perhaps you need more property because your business is expanding. That’s where our Commercial Mortgage can help.02
Will buying a property put your company at risk financially?03
Do you need a property temporarily or for the foreseeable future?04
Location v affordability - which is most important?05
How will costs impact you now and in the future?
What next?Check out our funding your business page to find out how we can help you bring your business to life.
Consider all potential costs
It's important to think ahead to avoid any unexpected fees or outlays. Use our checklist below to make sure you've thought of all relevant costs
Potential cost checklist
Deposit, rent and mortgage02
Business rates and utilities
Business ratesFind out more about how rates are calculated and what you need to pay.03
Renting parking spaces04
Decorating, renovations and alterations05
Solicitors and accountant's fees06
Insurance - contents and buildings07
Maintenance and repairs08
Equipment and signage - buy or hire