Lerwick, Scotland

Commercial Mortgages & Property Finance in Lerwick

Lerwick is the capital of Shetland, Britain's most northerly town, with a spectacular natural harbour and a unique cultural identity blending Scottish and Norse traditions (celebrated in the famous Up Helly Aa fire festival). The town is a major oil and gas service base, and the Shetland Isles' strong fishing, aquaculture, and knitwear industries all operate from here.

Lerwick Town CentreLerwick HarbourSoundClickiminGremista
£120
Avg Price/sq ft
5.5%
Average Yield
+11%
5yr Price Growth
+8.5%
5yr Rental Growth

Lerwick Local Market Intelligence

Shetland capital with strong oil and gas sector. Major fishing and aquaculture. Remote but prosperous.

— CMB Market Analysis

Key Industries

  • Oil & Gas Services
  • Fishing & Aquaculture
  • Knitwear (Shetland wool)
  • Tourism
  • Renewable Energy

Transport Links

  • NorthLink ferry to Aberdeen/Kirkwall
  • Sumburgh Airport (25 miles)
  • Lerwick Harbour (major port)
  • A970 to Sumburgh/Scalloway

Regeneration

Lerwick waterfront development; Mareel arts centre; Knab site (former Anderson High School); harbour master plan; Shetland Museum investment; housing growth; Viking Energy wind farm benefits

Commercial Mortgages in Lerwick

Whether you're acquiring office space, retail units, or industrial property in Lerwick, 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 Scotland, with terms from 3 to 25 years and up to 75% LTV.

Our ex-banker team understands the Lerwick 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 Lerwick

When speed matters for your Lerwick 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 Scotland, 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 Lerwick

For developers building in Lerwick, 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 Scotland. 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 Scotland

Why Lerwick for Commercial Property Investment

Lender Appetite

Specialist appetite. Energy and marine sectors.

Latest Commercial Property News in Lerwick

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

Calculate Your Lerwick Property Finance

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