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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Loans 200k up to £1m

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

Property Yield* Rate 55% LTV 65% LTV 75% LTV
Tier one – up to 7% Three month LIBOR + 3.84% 4.34% 4.84%
Tier two – Above 7% Three month LIBOR + 4.44% 4.94% 5.44%

Three month LIBOR is currently 0.77%, and subject to a minimum rate of 0.75%

Loans above £1m

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

Property Yield* Rate 65% LTV 75% LTV
Tier one – up to 7% Three month LIBOR + 3.84% 4.34%
Tier  two – Above 7% Three month LIBOR + 4.44% 4.94%

Three month LIBOR is currently 0.77%, and subject to a minimum rate of 0.75%

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

Expat

If your client’s a UK national living and working abroad, an additional 0.5% margin will apply, as will specific lending criteriaAll other fees and product terms remain as standard.

 

Fixed Rates

Add to variable rate:

Two-year fixed Add 0.1%
Five-year fixed Add 0.2%