Commercial loan against business property?

[Justonedayatatime11]

Can this even be done? DH owns 2 properties which he rents out. Brings in £1250 a month, this is pure profit. He wants to borrow £30000 against the commercial property. Remortgaging with current lender would take 6 MONTHS as they're rebranding. Anyone know how/if this can be done, and fairly quickly?

Sorry, should clarify they're not residential properties he rents out, they're currently used as retail

He needs to ask a broker / bank nobody on here could possibly answer this from the information provided

He could remortgage to another lender that offers commercial mortgages and increase the borrowing at the same time. Would most likely be done quicker than the 6 months but you would have to consider any early repayment penalties from existing lender and would need to go through a new app with new lender, so affordability testing/credit checks. Would also need to consider things like solicitors costs.

Speak with a broker who deals with commercial mortgages, they will be able to let advise in light of the above whether remortgaging or waiting is the best route.