• Commercial Lending Criteria

    We are currently only accepting commercial business from:

    • NACFB registered intermediaries
    • FSA mortgage regulated intermediaries

    Applicants

    • We will lend to
      • Sole traders
      • Partnerships, excluding LLPs
      • Limited companies

    Minimum loan

    • £50,000

    Maximum loan

    • £300,000

    LTV

    • 60% for capital and interest or interest only

    Term

    • Minimum 5 years
    • Owner occupied
      • Maximum 25 years
    • Commercial investment
      • Maximum 25 years, subject to terms of the lease

    Tenure

    • Both freehold and leasehold are acceptable
      • If leasehold, the unexpired term of the lease must be at least equal to the mortgage term plus 30 years

    Margins

    • We have a range of products with negotiable margins over our commercial mortgage rate

    Arrangement fees

    • Minimum 2%

    Early repayment charges

    • Apply for the first 5 years only
      • 10% annual overpayments allowed during this period

    Procuration Fee

    • 50% of the agreed arrangement fee
      • Payment made within 10 days of completion

    Security

    • 1st charge on commercial premises