Commercial Mortgage

Taking out a commercial mortgage is one way of maximising your business finance. Property can be a significant cost for many businesses so it is important to manage that investment wisely.

• Interest rate reduced by 1% as part of the Funding for Lending Scheme*
• Mortgages start from £25,001
• Choose a loan term of up to 25 years
• We can lend up to 70% of the value of the property and in some cases we can lend more
• Bank rate linked and fixed rates** are available
• For a bank rate linked mortgage you can apply for flexible capital repayment holidays of up to two years (to be taken in blocks of three months)
• If you choose a fixed rate**, your repayments will remain the same even if bank rate rises or falls
• If you repay part or all of your fixed rate* mortgage before the end of the agreed term there may be a break cost***
• There is no break cost*** for bank rate linked mortgage
• An arrangement fee will apply, up to 1.5%**** and dependent on the amount you borrow
• Security fees are applicable

Any property given as security which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it. 
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business. 
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.