FINANCE FOR OFFICE AND RETAIL PREMISES

AMOUNT
  • Minimum £50,000
MAXIMUM
  • Normally 80% of value:| greater where additional security is available.
INTEREST RATE
  • Variable from 1.25% over bank base rate.
TERM
  • Up to 25 years.
SECURITY
  • First charge over freehold or long leasehold owner occupied commercial property: offices, shops, warehouses, light industrial.
  • Modern industrial premises preferred but consideration given to older buildings where condition is good.
FEES
  • Lender typically 1% of advance.
  • Borrower to pay legal and valuation costs.
  • Broker fee normally 1% of the advance.
NOTES
  • In all cases it will be necessary to show the applicants ability to operate the business successfully.
  • Historic trading accounts and projections for the business will be required. These details apply only to owner occupied freehold and long leasehold only.
  • Where tenants are purchasing at discounted prices special schemes
    are available.
LATEST NEWS

Buy to let

Up to 75% LTV. max loan per property £1,500,000 Purchase or remortgage.

Commercial Mortgages

Up to 80% LTV terms up to 30 years. Negotiable interest only period. Rates from 1.50% over bank base rate

Bridging Finance

Up to 75% LTV 100% (with additional security) term up to 36 months. Residential or commercial properties accepted as security Rates from 0.95% per month

Development Finance

Up to 65% of land costs and 100% of build costs. Terms up to 24 months Rates from 3% over bank base. Roll up of interest.

Non Status Commercial Mortgages

Up to 70% LTV. Terms up to 30 years. Rates dependent on status.