Our Commercial Mortgage is a flexible, cost effective way of raising finance to purchase or develop business premises and can be tailored to suit your individual business needs. The key features are as follows:

• The minimum amount is £25,001. There is no maximum.
• The loan can be structured over any period from 2 to 30 years for most properties.
• Variable rate loans are either calculated as a percentage over Bank Base rate or, for sums over £500,000, can be linked to LIBOR (London Interbank Offer Rate).
• Fixed rates are available for periods of between 1 and 10 years.
• For sums over £50,000 a base rate cap can be provided, protecting your repayments from excessive rate changes but leaving scope for repayment reductions if rates fall.
• Flexible repayments are possible for variable rate loans, including an initial capital repayment holiday for up to two years and up to two deferred payments per year.
• Loans of over £150,000 may be linked to your retirement plans via Self Invested Personal Pensions and Small Self Administered Schemes (SIPPs and SSASs).

Is a Commercial Mortgage for me?
The Commercial Mortgage is suitable for any creditworthy business that meets our policy requirements, wanting to finance the purchase or development of business premises. We can normally advance up to 80% of the purchase price or professional valuation, whichever is lower. The property must be owned by the business owner and used solely for its primary business purpose. If the security arrangements include a property which is currently, or is intended to be used as a domestic dwelling, either wholly or in part, please remember that your home may be repossessed if you do not keep up repayments on your mortgage.