Commercial mortgages

When it comes to commercial lending, we’re confident that we know our stuff.

Our criteria could help you find the answers you need. We offer up to 75% LTV and interest-only options on most commercial property types.

We also accept portfolio cases, and have two tiers of products to choose from, depending on the loan size.

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£200k up to £1m

Tier one products available on lower-yielding, typically better-quality properties, based on factors such as property age, location and condition.

(Fee 1.5%)

Property Yield* Product 55% LTV 65% LTV 75% LTV
Tier one – up to 7% Variable 3m LIBOR + 3.84% 3m LIBOR + 4.34% 3m LIBOR + 4.84%
Two-year fixed 4.69% 5.19% 5.69%
Five-year fixed 4.79% 5.29% 5.79%
Tier two – Above 7% Variable 3m LIBOR + 4.44% 3m LIBOR + 4.94% 3m LIBOR + 5.44%
Two-year fixed 5.29% 5.79% 6.29%
Five-year fixed 5.39% 5.89% 6.39%

Three month LIBOR is currently 0.79%, and subject to a minimum rate of 0.75%

*Property Yield = ( Market rent ) x 100
Market value (vacant possession)

Loans above £1m

Tier one products available on lower-yielding, typically better-quality properties, based on factors such as property age, location and condition.

(Fee 1.5%)

Property Yield* Product 65% LTV 75% LTV
Tier one – up to 7% Variable 3m LIBOR + 3.84% 3m LIBOR + 4.34%
Two-year fixed 4.69% 5.19%
Five-year fixed 4.79% 5.29%
Tier  two – Above 7% Variable 3m LIBOR + 4.44% 3m LIBOR + 4.94%
Two-year fixed 5.29% 5.79%
Five-year fixed 5.39% 5.89%

Three month LIBOR is currently 0.79%, and subject to a minimum rate of 0.75%

*Property Yield = ( Market rent ) x 100
Market value (vacant possession)

Expat

If your client is a UK national living and working abroad, an additional 0.50% margin will apply, as will specific lending criteria.  All other fees and product terms remain as standard.