Workington, Cumbria

Commercial Mortgages & Property Finance in Workington

Workington is a west Cumbria industrial town at the mouth of the River Derwent, with a legacy of steel and coal that is transitioning to energy and advanced manufacturing. The town serves as a retail centre for a wide catchment and benefits from the Port of Workington, which handles offshore wind farm logistics and biomass imports.

Workington Town CentrePort of WorkingtonWestfieldMoorcloseStainburn
£75
Avg Price/sq ft
7.5%
Average Yield
+9.8%
5yr Price Growth
+8%
5yr Rental Growth

Workington Local Market Intelligence

Industrial heritage with active port. Steel and manufacturing. Growing offshore wind sector.

— CMB Market Analysis

Key Industries

  • Energy & Offshore Wind
  • Manufacturing
  • Port & Logistics
  • Retail
  • Healthcare

Transport Links

  • Cumbrian Coast line rail to Carlisle/Barrow
  • A596 to Cockermouth/M6
  • A66 to Penrith/M6 (32 miles)
  • Port of Workington

Regeneration

Washington Square town centre redevelopment; port expansion for offshore wind servicing; Derwent Howe retail park; Lillyhall industrial estate; former steelworks brownfield opportunities

Commercial Mortgages in Workington

Whether you're acquiring office space, retail units, or industrial property in Workington, our commercial mortgage solutions provide long-term financing tailored to your investment strategy. We work with high street banks and specialist lenders to secure competitive rates across Cumbria, with terms from 3 to 25 years and up to 75% LTV.

Our ex-banker team understands the Workington commercial property market and has direct relationships with lender credit committees, meaning faster decisions and better terms for your deal.

  • Owner-occupied and investment commercial mortgages
  • Terms from 3 to 25 years with competitive fixed and variable rates
  • Up to 75% LTV on commercial property
  • Portfolio and multi-asset lending available

Commercial Mortgage Key Facts

Loan Size£50k - £25m+
Max LTV75%
Term3 - 25 years
Decision48 hours

Commercial Bridging Finance in Workington

When speed matters for your Workington property transaction, commercial bridging finance provides short-term funding to bridge the gap. Whether you're securing a time-sensitive acquisition, funding an auction purchase, or refinancing before a long-term facility is in place, we can arrange bridging loans from completion in as little as 7 days.

With access to specialist bridging lenders across Cumbria, we structure deals that match your exit strategy and keep costs to a minimum.

  • Completion possible in 7-14 days for urgent transactions
  • Rates from 0.55% per month with no exit fees available
  • Up to 75% LTV on commercial and semi-commercial property
  • Auction finance, chain-break funding, and refurbishment bridges

Bridging Finance Key Facts

Loan Size£25k - £25m+
Max LTV75%
Term1 - 24 months
Speed7-14 days

Development Finance in Workington

For developers building in Workington, our development finance solutions fund ground-up construction, conversions, and major refurbishment projects. We arrange staged drawdown facilities aligned to your build programme, ensuring capital is available at each construction milestone.

From site acquisition to practical completion, we structure development loans that maximise your returns across Cumbria. Our team assesses GDV, build costs, and local market conditions to present the strongest case to lenders.

  • Staged drawdowns aligned to construction milestones
  • Up to 90% of build costs and 70% of land value
  • Ground-up, conversion, and heavy refurbishment projects
  • Day-one land funding available for experienced developers

Development Finance Key Facts

Loan Size£150k - £50m+
Build CostUp to 90%
Term6 - 24 months
Land ValueUp to 70%

Your Local Expert

Matt Lenzie

Founder & Principal Broker

  • Ex-Lloyds Bank and Bank of Scotland
  • Board advisor to pension trustee with £3.9bn AUA
  • Direct lender relationships across Cumbria

Why Workington for Commercial Property Investment

Lender Appetite

Selective appetite for industrial.

Latest Commercial Property News in Workington

Commercial property news for Workington will appear here once available. Check back soon for the latest market updates.

Calculate Your Workington Property Finance

Use our interactive calculators to estimate costs for commercial mortgages, bridging finance, and development loans.